Heirs Insurance Limited and Heirs Life Assurance have recounted achievements recorded one year after launching their operations in the insurance industry.
A statement said both companies officially opened their doors to the public in June 2021 in a ceremony graced by the Lagos State Governor, Babajide Sanwo-Olu, and the Commissioner for Insurance, Mr Sunday Thomas.
The statement said, “Since their launch, both companies have achieved the following milestones, among others: Procurement of a Bancassurance licence and agreement with a tier-one bank; a phenomenal feat of breaking even; fully digitalised websites enabling insurance purchase end-to-end in less than three minutes; a fast-claims portal that simplifies and facilitates the claims process with a promise of attaining 24 hours claims payment; and implementation of a core insurance platform and execution of an insurance awareness plan that simplifies the processes, procedures, and communication with clients.”
In addition, Heirs Life Assurance, the life insurance subsidiary of the Heirs Holdings Group, has fully digitalised its entire processes, demonstrating its commitment to providing simple, quick, accessible, and reliable insurance services, the statement said.
It stated that other key milestones included the roll-out of various products via a digitalised distribution network.
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