Royal Exchange Prudential Life Settles N1.072bn Claims in four Months

The Managing Director, Royal Exchange Prudential Life Plc, Mr. Polycarp Didam, has said that the company paid N1.072 billion claims to policyholders between January and April 30, 2025.

Didam, who emerged Managing Director and Chief Executive officer of the company in February, 2025, said the company in 2024, paid a total of #2.85billion claims adding that the company was committed to satisfying its customers through claims payment.
“We are committed to the satisfaction of customers and the insuring public with prompt settlement of claims as well as improved service delivery.

“We are poised to address all outstanding claims swiftly, ensuring that policyholders and beneficiaries experience prompt claims payments.

Royal Exchange Prudential Life plc is licensed to underwrite life insurance and related risk. The company was acquired in 2022, incorporated as a limited liability company in Nigeria, and registered under the Companies and Allied Matters Act. The company became a subsidiary of Mediplan Holdings Limited, and the National Insurance Commission regulates it.