Flingpord

  The Managing Director, SUNU Assurances Nigeria Plc, Mr Samuel Ogbodu, has urged Nigerians to take insurance cover because of its benefits. He said this in a statement to express the company’s commitment to claims payment. In the statement, he said the company paid a total of N1.14bn claims to the insured as of the end of September 2022, and was still paying more. He said, “Insurance is a way to manage your risk. When you buy insurance, you purchase protection against unexpected financial losses. The insurance company pays you or someone you choose if something bad happens to you. “If you have no insurance and an accident happens, you may be responsible for all related costs.” According to the statement, a banker, Mr Okoro, insured his vehicle, a Range Rover 2018 model at about N70m and bought a comprehensive insurance cover at about N2m. In the second year, after renewing his policy contract, his wife drove the jeep out for grocery shopping at a supermarket where she parked it. S...