The Executive Director, Business Development, UBA Metropolitan Life Insurance, Mr. Henry Ationu, has described insurance as a dividend of democracy.
According to a statement obtained on Sunday, he said this last week in Kaduna, at the official presentation of benefit cheques by the Kaduna State Governor, Mallam Nasir El-Rufai, to the families of the deceased Zaria bomb blast of last year.
“Insurance, especially life insurance, can be used as a fulcrum for dividend of democracy,” he stated.
The firm said the governor gave out a total of about N30m to 24 beneficiaries, at a ceremony, which took place at the Gvernment House, Kaduna.
Ationu commiserated with the deceased families and commended the governor for putting in place the insurance scheme to protect the people of Kaduna State.
He stated that one of the primary responsibilities of governance was to protect lives and property of its citizens.
He noted that insurance especially life insurance can be used as a fulcrum for dividend of democracy.
Ationu advised that other state governors should emulate the positive step taken by the Kaduna State Government.
“UBA Metropolitan Life Insurance is a specialist life insurance company reputed for prompt claims payment, good corporate governance, professionalism, actuarial expertise and technical knowhow,” the statement said.
According to the statement, the company has developed unique products for the Nigerian market, using comprehensive but flexible risk-management skills to ensure that issues affecting life insurance in Nigeria are managed to protect the interests of policyholders and other stakeholders.