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All Posts in "Day: April 8, 2025"
Wafira Ntaba Partners Leadway Assurance To Launch Plan B Insurance; A Bespoke Product For Nigerian Women
Leadway Assurance, Nigeria’s leading insurance provider, has partnered with Wafira Ntaba Limited to launch a bespoke insurance policy for Nigerian women.
The product, Plan B Insurance, comes in simplified and affordable packages for as low as twenty-six thousand Naira per quarter, broadening financial inclusion and income protection for women-led Small to Medium-sized Enterprises and lifestyle protection for women across different social strata in Nigeria.
One uniqueness of the Plan B product is in its single-wide coverage from risks and perils related to auto insurance, healthcare, personal accident, fire, burglary, life insurance and education cutting across its different product packages – SME, Corporate and Premier packages.
Ayona Aguele Trimnell, the visionary behind the innovative Plan B Insurance for Nigerian women, shared the inspiration behind the products. She stated, “Plan B is an idea that has been in development for 10 years. As I began exploring insurance products aimed at women in other countries, I recognised the need for an insurance product that promotes financial inclusion in Nigeria, specifically for women. I believed we could create something that addresses their unique concerns. Women need to understand how insurance can alleviate their worries and the benefits of being insured. I have personally enjoyed the advantages of insurance for over fifteen years, and I believe other women should have the opportunity to experience the same benefits.”
The product focuses on gender-inspired market penetration, amplifying insurance benefits and helping more women secure a more financially secured future.
“Financial inclusion is important and achievable, and we can make it happen if we put in deliberate effort to educate more women about insurance, simplify the benefits to help even the uneducated, understand and be convinced to secure their future by becoming a policyholder. It has been proven and tested that women too buy insurance, but more women need to be aware and get insured”, Ayona Aguele Trimnell said.
Kike Fischer, Leadway’s Director Sales, Retail and Partnerships, discussed the market approach for the Plan B product, stating, “We are confident that these products will help women of all classes in Nigeria create and protect wealth, recover from economic challenges, pursue their purposes, and lead their families with peace of mind.
We believe these products should reach women in every household, so we have developed strategies to engage women in small socioeconomic groups. This will require increased effort, particularly at the retail level. There will be questions, and we must be prepared to provide answers. Our goal is to help women understand insurance and encourage them to actively participate in driving financial inclusion. This begins with securing their futures and then spreading awareness.”
She explained that Plan B is a comprehensive financial product designed to sell insurance policies to women and educate them about the purpose of having insurance and how it can help them achieve financial independence. By partnering with the Plan B product, Leadway has reinforced its commitment to promoting financial inclusion and ensuring secure financial futures for women.
To learn more about the Plan B product, visit www.planbinsurance.org or call 08169032745.
About Leadway Assurance Company Limited
Leadway Assurance is one of Nigeria’s foremost insurance service providers, renowned for its efficiency and customer reliability. With over 50 years of experience, Leadway has consistently honoured its underwriting commitments and earned a reputation for excellence in claims handling. The company remains at the forefront of the insurance industry, offering innovative solutions that meet the evolving needs of its clients.
About Wafira Ntaba Limited
A Marketing Company based in Lagos. Its core area of expertise is Communication Strategy and Development within the financial `sector with extensive experience in insurance product design, market insights, brand development, profitability management and distribution. The company’s goal is to continue to co-develop products for niche markets in Nigeria for Women, Youths and Group/Affinity schemes.
FiBOP’s 2025 Youth Capacity Building Initiative Kicks Off April 15th in Lagos
The Finance and Business Online Publishers Association (FiBOP) is set to host its 2025 Youth Capacity Building and Empowerment Program on April 15, 2025, at the MUSON Centre in Lagos.
The event, themed “Empowering Nigerian Youths with Knowledge of Insurance, Digital Payment and Investment to Drive Financial Inclusion,” aims to promote financial inclusion and empower Nigerian youths.
The Deputy Governor of Lagos State, Dr. Kadri Obafemi Hamzat, has been invited as a Special Guest of Honour.
The Chairman Organising Committee, Barnabas Esiet, said everything necessary has been put in place to make the event a memorable one.
According to him the event will bring together over 200 Senior Secondary School students and teachers from various educational districts in Lagos State.
The program is supported by top Nigerian companies and institutions, including Sanlam Life Insurance Nigeria, Coronation Insurance PLC, Cornerstone Insurance PLC, AIICO Insurance PLC, and NEM Insurance Plc.
Other supporting partners include the National Insurance Commission (NAICOM), Nigerian Agricultural Insurance Corporation (NAIC), Chartered Insurance Institute of Nigeria (CIIN) in partnership with College of Insurance and Financial Management (CIFM), Nigerian Insurers Association (NIA), Lagos State Ministry of Education, and MTN Nigeria.
The program is designed to impart the youth with knowledge of insurance, Information and Communication Technology (ICT), and financial literacy, equipping them with the skill set required to play effectively in the current dynamic financial landscape and for future leadership roles.
The President of FiBOP, Charles Onwuatogwu, highlighted that the program is part of FiBOP’s initiative to promote financial literacy and awareness among secondary school students in Lagos and other states of the federation.
Renowned professionals in the Insurance, ICT, and financial sector are expected to speak at the event, which will also celebrate notable figures who are seen as sources of inspiration for the upcoming generations.
FiBOP is a duly registered association of online publishers with a clear mandate to build capacity and make impactful contributions to the growth and development of the Nigerian economy and the continent of Africa as a whole.
The partnership with top companies demonstrates FiBOP’s commitment to empowering Nigerian youths with the knowledge and skills required to drive financial inclusion and contribute to the nation’s economic growth.
Fidelity Bank Distributes Food Packs To FCT Communities
As part of its Corporate Social Responsibility (CSR) initiatives, leading financial institution, Fidelity Bank Plc, recently donated food packs to Federal Capital Territory (FCT) Abuja residents.
Themed, the Fidelity Food Bank initiative, the outreach saw the bank’s officials distribute the food items to seven communities in the Mabushi district of the FCT.
Speaking at the distribution event, the Executive Director, North, Fidelity Bank Plc, Mr. Sufiyanu Garba, emphasized the bank’s commitment to community development and its alignment with Sustainable Development Goal 2, which seeks to eradicate hunger.
“This initiative stems from our deep-seated responsibility to support underserved communities and contribute to the fight against hunger in Nigeria,” said Mr. Garba. “At Fidelity Bank, we firmly believe that by addressing the root causes of poverty and hunger, we can make a meaningful impact on the lives of those in need. While we may not be able to solve all societal challenges, our contributions are making a difference, as evidenced by the positive feedback we continue to receive.”
He further reiterated the bank’s commitment to empowering communities, stating, “We recognize the importance of fostering growth and prosperity within the communities where we operate. By investing in their well-being, we contribute to the creation of a more sustainable and equitable society.”
The Fidelity Food Bank is one of the key pillars of the bank’s CSR strategy, focusing on health and social welfare. As a nationwide project, the initiative seeks to provide food relief to underserved communities across Nigeria, with a particular focus on supporting women and children.
Expressing appreciation for the initiative, the District Head of Mabushi Community, Mr. Hassan Danagna, commended Fidelity Bank for its generosity and its impact on the community.
“Fidelity Bank’s support to our community is unprecedented, and we are deeply grateful for this initiative, which provides relief to vulnerable households and less privileged families,” said Mr. Danagna. “Given the current economic challenges, this support is timely, particularly as we approach the holy month of Ramadan.”
One of the beneficiaries, Mr. Mukhtar Mohamed, also expressed his gratitude to the bank, acknowledging the significant impact of food distribution.
Fidelity Bank Plc is a full-fledged commercial bank with over 9.1 million customers who are serviced across its 251 business offices and various digital banking channels in Nigeria and the United Kingdom.
The Bank is the recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine. Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.