Coronation Insurance Lists Benefits of Health Insurance

Coronation Insurance Lists Benefits of Health Insurance

Ebere Nwoji

Coronation Insurance at a recent webinar session on safeguarding health, educated Nigerians on the benefits and importance of Critical Illness Insurance.

The underwriting firm during the session, urged Nigerians to see the relevance of health insurance, stating that if ordinary Nigerians understood just a few things about health insurance, the country could substantially improve general health, as millions of Nigerians would free themselves from the shackles of dependency and debt in time of illness.

Experts who spoke at the session, which has the theme, “Safeguarding your Health: The Importance of Critical Illness Insurance,” listed the benefits and importance of Critical Illness Insurance.

Defining critical illness insurance, Assistant Director, Underwriting and Marketing (Life Operations) at Coronation Life Assurance, Abdul-Rasheed Akolade, said critical health insurance was a vital part of an organised arrangement any adult or individual might use in safeguarding his or her health.

Also speaking, the Head, Partnership, Coronation Life Assurance, Kehinde Grillo, said the firm had a different range of insurance covers for critical illness with premium as low as N10,000 per annum with a sum assured of N10 million or from a minimum of N500,000.00 to maximum of N20 million cover.

In his contribution to the webinar, a Professional Banker and Financial Advisor, Adekanla Desalu (Deza the Great), emphasised the need for more awareness of health insurance.

He noted that many people do not understand how critical they needed to take their health; how critical they needed to plan for their health or for the health of their family members or relatives.

On his part, Founder/Managing Director, Tillit MSME Microservices, Dr. Yomi Sule, advocated the democratisation of health insurance in the country to make it more accessible and affordable to the people.

He said health Insurance needed to be democratised   by making it available in small packages for people – for example for those in the entertainment industry or entrepreneurs that they could just buy off the shelves.

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