Sanlam Nigeria are set to relieve Nigerian families burdens of burying their loved ones, with the official launching of Family Love Cover Benefits.
The Family Love plan is a financial product that is designed to provide financial protection to finance the cost of funeral expenses of family members that passed on.
Speaking at the unveiling event in Lagos Managing Director of Sanlam General Insurance Nigeria Limited Bode Opadokun, explained that “at Sanlam Nigeria, we understand the love and care you have for your family. This is why we created the family love plan. With family love, you don’t have to break or compromise on your class to give them a deserving farewell when the unthinkable happened, family love helps you give a memorable farewell to your departed loved ones with love and dignity”
The policy benefits are dependent on the package chosen, which are three options, they are Inclusive, Classic and Prestige Love Package. With a minimum monthly premium of N5000, subscribers can access the policy.
The life type’s plan that can be covered includes, Principle Life Assured (PLA), Spouse, Parent, and Wider family. With a minimum life of two and maximum of ten. Entry age for the family love plan are Principal Life Assured 18-65, Spouse 18-65, Parent 36-80, Wider Family 0-80.
Commenting on the product, Tunde Mimiko
Managing Director/CEO, Sanlam Life Insurance Nigeria Limited noted that “indeed when you buy a family love plan, celebration of life becomes celebration of love. The product is designed with options for the lower, middle and the affluent retails market segments, in essence, there is a plan for everyone”
In addition to the family love plan, Sanlam introduced the code of confidence *1056# a USSD code that allows customers access speedy resolutions of motor insurance claims in cases of road emergencies.
According to Sanlam Nigeria, this code is a way of providing seamless and customer centric solutions to a number of challenges customers encounter while seeking report claims in case of any eventuality.
With this new features Sanlam aims to enhance the claims experience for its valued customers by eliminating needless paperwork and unnecessary delays.
Sanlam Nigeria consists of Sanlam Life Insurance Nigeria Lmited and Sanlam General Insurance Nigeria Limited.
Sanlam Life Insurance Nigeria Limited is a limited liability company licensed to transact life insurance business in Nigeria. Its subsidiary, Sanlam General Insurance Nigeria Limited is licensed to transact general insurance business in Nigeria.
They provide cover for both individuals and corporate organisations, enriching lives by offering a wide range of insurance plans that cover various needs of life.
Its 100% owned by the Sanlam Group, a leading diversified pan-African financial services group established in 1918 as a life insurance company.
Sanlam has evolved into the largest non-banking financial services group in Africa through its diversification strategy.
Sanlam Group is presence across 33 countries in Africa, as well as in the USA, Malaysia, Australia, the United Kingdom and India.
