Photo caption: Acting Managing Director/Chief Executive, Heirs Insurance Limited, Dr. Adaobi Nwakuche; Commissioner for Insurance/Chief Executive Officer, National Insurance Commission (NAICOM), Sunday Thomas; Executive Governor, Lagos State, Babajide Sanwo-Olu; Chairman, Heirs Holdings and Heirs Insurance Limited, Tony Elumelu; Managing Director/CEO, Heirs Life Assurance Limited, Niyi Onifade; and Executive Director, Heirs Holdings and Chairman, Heirs Life Assurance Limited; at the official launch of Heirs Insurance Limited and Heirs Life Assurance Limited and the commissioning of Heirs Towers, Victoria Island, Lagos on Tuesday, June 1, 2021.
Leading pan-African investment company, Heirs Holdings (HH), on Tuesday announced its entry into the Nigerian insurance industry, with the launch of Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA), at the companies’ Victoria Island headquarters in Lagos.
The group said it is promising what it called a dynamic, digitally driven offering to the general and life insurance sectors, providing clients with a real choice of products, pricing, channel, and claims handing.
While Heirs Insurance Limited (HIL) will offer general insurance with policies covering vehicles, homes, SMEs, business risks, and other properties, Heirs Life Assurance (HLA) is to provide insurance-backed savings plans and life insurance security for individuals, families, children’s education, debtors, creditors, entrepreneurs, and employees.
All plans, it stressed, offer customers comprehensive protection, creating financial certainty for loved ones, cherished assets, and properties.
Both companies, the group said in a statement, would leverage the business track record of Heirs Holdings, chaired by leading investor and philanthropist, Tony Elumelu, with a portfolio of companies across financial services, power, oil and gas, real estate, hospitality, healthcare, and technology.
At the launch, the companies promised a series of product innovations, including a web portal that offers customers an insurance quote in minutes and claims settlement in less than 24 hours, from their mobile devices. The highly intuitive and easy to use portal is to promises help through the total customer journey, from comparing products to finding the right cover. This, it said, is in addition to a suite of customer-friendly, and affordable products, that are simple to understand, featuring flat pricing and tailored directly to the Nigerian market and the needs of Nigerians.
Heirs Insurance, with a mandate to enable Nigerians protect their valuables and property, on its part, unveiled flexible low-cost comprehensive motor insurance and new insurance products targeting users including bikers, tenants, and SMEs, just as Heirs Life unveiled affordable savings, term life and inheritance plans, that provide financial security throughout customers’ life journey.
Dr. Adaobi Nwakuche, Acting MD/CEO, Heirs Insurance, said the company is poised to deliver “insurance that is easy to understand, quick and reliable, simplifying our customers’ lives.
‘Our mission is simple: make insurance accessible. Our goal is to transform customer service: cutting waiting time in claims processing and purchase to bare minutes — across all touchpoints, including mobile devices. At Heirs Insurance, we want to give our customers what they have so often lacked – high quality insurance, at an affordable price – and with an insurer that is on their side,” she added.
Niyi Onifade, MD/CEO, Heirs Life, said: “Our goal is to integrate life insurance products into people’s daily lives to create financial inclusion and bring quality financial services to the many, not just the few.
“This way, we empower people to live more confidently and achieve their dreams, whilst securing the future of their loved ones. Heirs is all about giving our clients financial security. As people build wealth, we want them to know that they have a partner in Heirs Life, providing financial support throughout their life,” he stressed.