Anchor Insurance Company Limited retail and innovative product, Anchor loss of Employment Insurance Scheme (AnchorLoEIS) has been named best retail product for 2016 at the 4th BusinessToday Insurance and Pension Awards 2016 held in Lagos recently.
A statement by the Head, Brand & Corporate Communications of the firm, Jamiu Osoba, who described the award as prestigious and most sought-after awards in the Insurance and Pension sub-sector of the Nigeria economy said it bestows nationally acceptable recognition and honour on her recipients.
He said the product was designed to cushion the effect an unexpected loss of and was approved by NAICOM to meet the yearning of insuring public for innovation to address contemporary challenges of working class in the event of job loss. This product guarantees a maximum 24-month salary payment after job loss.
Mr. Osoba called on the working class to buy into the lifeline that AnchorLoEIS offers its beneficiaries as evidenced by those who are being paid their monthly income after job loss as if they are still in active employment.
Receiving the awards on behalf of the company, the General Manager, Retail and Microinsurance, Mr. Uzoma Ofurum, thanked the organizers of the awards for recognizing the retail values of AnchorLoEIS and promised that with the award, the company has been spurred to develop more tailored-make and unique insurance products that will meet the yearnings and needs of the insuring public like AnchorLoEIS.
“We are delighted to be recognized with the development of this rare insurance product. This award is a testimony to this fact and now we are not only encouraged not rest on our oars but challenged to come up with more unique and acceptable insurance products”, he stated.
Meanwhile, the company’s Managing Director, Mr. Mayowa Adeduro has thanked the organizer of the award and urged many workers who are still on the fence in signing up this scheme to stop procrastinating and insure themselves with AnchorLoEIS so as to have a guarantee access to their employment income in case of eventuality of a job loss.
He also congratulated the entire management and staff of the company on this award and urged it is a pointer to greater achievements on the way.