Heirs Holdings on Tuesday announced two brand new affiliates the Group said would transform the country’s insurance industry
The two new affiliates are Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA).
Both were officially unveiled at the companies’ headquarters in Lagos. The Geoup said Heirs Holdings would “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 handing.”
Also, its said Heirs Insurance Limited (HIL) would provide general insurance, offering policies covering vehicles, homes, small and medium enterprises (SMEs), business risks, and other properties.
On the other hand, the Group said Heirs Life Assurance (HLA) would offer “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, the Group said, would leverage the business track record of Heirs Holdings, the pan-African investment group, whose investment 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.
Ag. MD/CEO, Heirs Insurance, Adaobi Nwakuche, said the company was out to deliver insurance that is easy to understand, quick and reliable, simplifying its 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”.
MD/CEO, Heirs Life, Niyi Onifade, said the company’s 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 the 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”.
Picture L-R: Ag. Managing Director/CEO, Heirs Insurance Limited, Adaobi Nwakuche; Commissioner for Insurance/CEO National Insurance Commission (NAICOM), Sunday Thomas; Governor Lagos, Babajide Sanwo-Olu; Chairman, Heirs Holdings and Heirs Insurance Limited, Tony Elumelu; Managing Director/CEO, Heirs Life Assurance Limited, Niyi Onifade; and Executive Director, Heirs Holdings/Chairman, Heirs Life Assurance Limited at the official launch of Heirs Insurance Limited and Heirs Life Assurance Limited and the commissioning of Heirs Towers in Victoria Island, Lagos on Tuesday.
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