Mutual Benefit Assurance Pays N4.2 bn in Feb

Ebere Nwoji

Mutual  Benefits Assurance Plc, has said it paid a total of N4.2 billion claims to policyholders in February 2026, reaffirming its commitment to delivering on its promises and supporting customers in times of need.

According to the company, the  payout reflects the company’s continued focus on claims settlement as a core pillar of its operations. 

Mutual Benefit said of the total amount of N2,328 billion paid was paid under the General (Non-Life) insurance portfolio, while N1,97 billion was paid under  Life businesses, including Group Life and Retail Life policies.According to the company, beyond the figures, the significance of claims payment lies in its real-life impact, particularly in helping individuals recover from loss and enabling businesses to maintain continuity in the face of disruption.

“For one beneficiary, a business owner in the construction sector, a recent claim settlement proved critical during a challenging period. We encountered an unexpected loss on one of our project sites that could have significantly disrupted our timelines and increased costs,” the client stated.