By Bisi Bamishe
According to experts who spoke today at webinar organised by Coronation Life Assurance Limited, with the theme: ‘Safeguarding Your Health: The Importance of Critical Illness Insurance’, members of the public can access N10 million insurance coverage on critical illness with the sum of N10,000 premium.
At a live webinar hosted by Coronation Life Assurance, yesterday, Assistant Director of Underwriting and Marketing at Africa Re, Abdul-Rasheed Akolade, Founder and Managing Director of Tillit MSME Microservices Dr. Yomi Sule, Nollywood actor and producer, professional banker and financial advisor,Adekanla Desalu, aka ‘Deza the Great ‘ and Head of Partnership at Coronation Life Assurance Limited, Kehinde Grillo discussed the critical role of health insurance in transforming Nigeria’s economy by building more resilient lives.
The panel was moderated by Wole Famurewa, CNBC Africa Anchor.
Executive Director of Coronation Life Assurance Limited Adebowole Adesona, set the tone of the discussion, pointing out the critical role of prevention in managing health costs and outcomes,
Assistant Director, Underwriting and Marketing (Life Operations) Abdul-Rasheed Akolade, who was the Key Note Speaker, said critical illness insurance is a vital part of an organised arrangement any adult may use in safeguarding his or her health, adding that it provides a lump sum payment if the insured person is diagnosed with any of the critical illness conditions covered in the insurance policy.
He submitted that a critical illness insurance is an insurance product which makes provision for the payment of a certain sum (known as the Sum Assured) in lump sum if the Insured Person is diagnosed with any of the specified critical illness as stated in the policy usually during the term of the policy – and provided that the other requirements under the policy are met.
Head, Partnership, Coronation Life Assurance Limited Kehinde Grillo, a panelist at the event said the firm has different range of insurance covers for critical illness with premium as low N10,000 per annum with sum assured of N10 million.
Therefore, he urged members of the public to leverage insurance to protect their health against critical illness.
Professional Banker, and Financial Advisor, Adekanla Desalu (Deza the Great), called for more awareness on need for insurance, whilst canvassing use of robust technology to drive insurance.
Founder/Managing Director, Tillit MSME Microservices, Dr. Yomi Sule, called for enhancement of health insurance pool to enable wider coverage on insurance of critical illness.
The panel was moderated by Wole Famurewa, CNBC Africa Anchor
