Heirs Holdings Enters Insurance Market - Promises Insurance Revolution

Proshare

Wednesday, June 23, 2021 / 10:20AM / Heirs Holdings Header Image Credit: Heirs Holdings


Heirs Holdings (HH) announced the Group's transformative insurance industry play, with the launch of Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA), on Tuesday, June 1, 2021, at the companies' Victoria Island headquarters in Lagos. Heirs Holdings will bring a dynamic, digitally-driven offering to the general and life insurance sectors, providing clients with a real choice of products, pricing, channel, and claims handling.

 

Heirs Insurance Limited (HIL) provides general insurance, offering policies covering vehicles, homes, SMEs, business risks, and other properties.  Heirs Life Assurance (HLA) offers insurance-backed savings plans and life insurance security for individuals, families, children's education, debtors, creditors, entrepreneurs, and employees. All plans offer customers comprehensive protection, creating financial certainty for loved ones, cherished assets, and properties.

 

Both companies leverage the business track record of Heirs Holdings, the pan-African investment group, chaired by leading investor and philanthropist, Tony O. Elumelu, CON.  Heirs Holdings' portfolio includes companies transforming financial services, power, oil and gas, real estate, hospitality, healthcare, and technology.

 

At the launch, the companies announced a series of product innovations, including a web portal enabling customers to get an insurance quote in minutes and receive claims settlement in less than 24 hours, from their mobile devices.  The highly intuitive and easy to use portal assists the total customer journey, from comparing products to finding the right cover.  They also unveiled a suite of customer-friendly, affordable products, that are simple to understand, featuring flat pricing and tailored directly to the Nigerian market and the needs of Nigerians.

 

Heirs Insurance, the general insurer, with its mandate to enable Nigerians to protect their valuables and property, unveiled flexible low-cost comprehensive motor insurance and new insurance products targeting users including bikers, tenants, and SMEs. Heirs Life unveiled affordable savings, term life and inheritance plans, that provide financial security throughout customers' life journey.

 

Dr. Adaobi Nwakuche, Ag. MD/CEO, Heirs Insurance, said: "We are delivering insurance that is easy to understand, quick and reliable, simplifying our customers' lives.  Our mission is simple: make insurance accessible.  Our goal is to transform customer service: cutting waiting time in claims processing and purchase to bare minutes - across all touchpoints, including mobile devices.  At Heirs Insurance, we want to give our customers what they have so often lacked - high-quality insurance, at an affordable price - and with an insurer that is on their side".

 

Niyi Onifade, MD/CEO, Heirs Life, said: "Our goal is to integrate life insurance products into people's daily lives to create financial inclusion and bring quality financial services to the many, not just a few. This way, we empower people to live more confidently and achieve their dreams, whilst securing the future of their loved ones.  Heirs is all about giving our clients financial security.  As people build wealth, we want them to know that they have a partner in Heirs Life, providing financial support throughout their life".


Proshare Nigeria Pvt. Ltd.


Related News

1.   Heir Holdings, Core Investor in TRANSCORP Acquires 45% of OML 17 from Shell, Total and ENI

2.  UBA Notifies of Dealing in 2.2m Volume of Shares By Tony O. Elumelu, CON Heirs Holdings Ltd

3.  UBA Notifies of Dealing in 6.98m Volume of Shares By Tony O. Elumelu, CON Heirs Holdings Ltd

4.  UBA Notifies of Dealing in 62.6m Volume of Shares By Tony O. Elumelu, CON Heirs Holdings Ltd

5.  Heirs Holdings Investee Companies Shine at Pearl Awards…Sweep Up Six Awards

6.  Heirs Holdings Announces Appointment of Group Chief Executive

7.  Elumelu's Heirs Holdings Commits USD2.5 Billion to Obama’s Power Africa Initiative

8. UBA Appoints Caroline Anyanwu as a Director

9. The UBA Africa Conversations 2021: Africa to the World

10. UBA Q1 2021 Results Review: Reiterating Outperform Rating Following Strong Q1 Results

11.  UBA to Hold 59th AGM on April 1, 2021; Lists Proxies


Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP