National Insurance Commission (NAICOM) has approved an underwriting firm, Linkage Assurance PLC, to distribute its motor insurance policies online through a robust technology platform. The online product will soon be launched.
Under the approval, the policy could also be bought by anyone outside Nigeria whose vehicle is in Nigeria.
The firm’s Managing Director, Dr. Pius Apere, explained to newsmen in Lagos that the product is expected to drive more sales and boost the firm’s premium growth.
The platform, according to Apere will enable customers to buy comprehensive motor insurance, motor third party, third party plus and third party fire and theft policies online for fleet and single cars.
For Motor Comprehensive and Motor Third Party Plus Covers, he explained that in addition to personal data and car details, customers are expected to upload picture of the car to be insured.
Apere said that upon the payment for the policy with the use of credit or debit cards or linkage scratch cards, which are exclusive and third party plus, the customer would get his insurance certificate and policy document.
This portal could be used by brokers and agents who registered with Linkage Assurance PLC.Please subscribe to our newsletter