Universal Insurance Plc has announced plans to roll out an enhanced third-party motor insurance cover as part of its strategy to expand its footprint in Nigeria’s motor insurance segment.
The Managing Director/CEO of the company, Dr. Jeff Duru, disclosed this at a recent insurance forum in Lagos while addressing industry stakeholders and journalists.
“Our upcoming products include an enhanced third-party motor cover designed to strengthen our third-party initiative and carve a niche in the motor insurance market,” Duru said.
He further revealed that the company is preparing to launch a digitised mini comprehensive motor insurance package to make comprehensive coverage more accessible and affordable.
“Many customers perceive comprehensive motor insurance as expensive. Our mini comprehensive package will allow policyholders to pay premiums conveniently and at a rate they can afford,” he explained.
Duru also announced the introduction of a rate assured policy aimed at providing property owners and tenants with improved protection against losses.
“Should there be fire, flooding or any incident resulting in the loss of a residence or building, this policy will enable us to provide alternative accommodation for affected clients, offering them peace of mind and stability,” he stated.
The Universal Insurance boss reaffirmed the company’s commitment to delivering innovative and customer-friendly insurance solutions tailored to the needs of Nigerians.
