Equity Assurance Plc has settled claims worth N630.7 million to its policyholders between January and September 2014.
The breakdown of total claims shows that Motor insurance N292.9 million, Oil & Gas N110.9 million and General Accident N110.1 million.
Others include Fire business N66.5 million, Marine N25.7 million and Engineering N24.2 million .
The Company disclosed that it has the claims settlement again given its customers cause to repose more trust in her when it comes to the business of insurance as demonstrated through her commitment to prompt claims settlement in line with her core values of promptness and excellent customer service.
The Company’s customer friendly claim process ensures timely payment of claims to the delight of her clients in line with the standard operating procedures of Equity Assurance.
Commenting on the claims settlement, the Managing Director/CEO of the Company, Dr Ekpe Ukpabio stated that the Company has lived up to her responsibility to her customers. He said that this goes to show that the Company is financially able to stand by her clients and policy holders in the time of their grief over a loss.
He concluded by saying that by paying promptly, the Company’s brand speaks for itself.