Coronation Life Assurance Limited strongly canvasses gains of having life products as the adequate and proper financial plan that can hedge against natural catastrophes and economic distortions besides the prominent role as compulsory savings that helps secure the future.
Selected resource persons at the webinar hosted by Coronation Life Assurance Limited yesterday bearing the theme, “Protection against the unexpected: How confident are you about your future,” raised confidence of attendees at the event that unwavering recourse to life products are steps ahead of financial inadequacy and future dependency.
The event was set rolling by Coronation Life Executive Director Technical, Adebowale Adesona, with an establishing remark, that the quest for protection against the unexpected has never been crucial as it stands today and this he mentioned, is a crucial global phenomenon and life insurance he underlined, is the guide for exploring, discovering and empowering as it would apply to individuals.
The keynote speaker, Chris Saigbe, Director Life Operations Africa Re, who unfolded with Alcotts nugget, “I am not afraid of storms for I am learning how to sail my ship,” said unexpected events impact in the financial conditions on people if not adequately prepared for.
Saigbe said the benefits of financial planning helps the insured to be in good position when it comes to the undulating period in life. Financial planning based on life products he cleared, keep people within their income so that the unexpected event do not derail present set goals.
He advised attendees not to look away from life insurance and reminded them that “you can never have enough money but what ever you have can be adequate through financial planning,” in this regard he said the holding plan are life products.
Tunde Salako, Founder, Founder Africa Insurtech Lab said life insurance should be prominent in the things that people are involved in. He urged the public to take urgent step to use it as a hedge against economic challenges, inflation and other economic alterations.
He also called for remodified life products that is aided by generative Artificial Intelligence, that would focus on flexible personalised products.
The Registrar/CEO Chartered Insurance Institute of Nigeria, Abimbola Tiamiyu, said life products generate compulsory savings to secure the future so that the people do not fall into dependency.
Head Underwriting Life, Coronation Life Keneth Essu, said the company has a wide range of products that can be purchased as a good financial planning for now and more importantly in the future.
Expressing satisfaction in the confidence building measures of Coronation Life to improve public concern, Saigbe said the reinsurance adjunct contribution to confidence within the market translates to the public by strong position sustained by insurance companies.