Protecting Lives & Businesses: Lasaco Assurance Stresses Need for Compulsory Insurance

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Olori Uwem

Well-Known Member
Mar 18, 2024
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Protecting Lives & Businesses: Lasaco Assurance Stresses Need for Compulsory Insurance

Key Highlights:
• Compulsory insurance enforcement has begun nationwide, with backing from NAICOM and the Nigeria Police Force.
• Lasaco Assurance urges Nigerians to view insurance as a necessity for financial security, not just a legal requirement.
• The company promises affordable, accessible, and reliable insurance solutions for individuals and businesses.

️ Why Compulsory Insurance Matters

As enforcement of compulsory insurance laws gains momentum across Nigeria, Lasaco Assurance Plc has emphasized the crucial role of insurance in protecting lives, assets, and businesses.

In a statement released on Monday, Managing Director, Mr. Razaq Abiodun, stressed that insurance is not merely a regulatory requirement but an essential tool for financial security.

With the National Insurance Commission (NAICOM) and the Nigeria Police Force now actively enforcing third-party motor insurance laws from February 1, Lasaco Assurance is committed to ensuring more Nigerians benefit from adequate insurance coverage.

Lasaco’s Commitment to Accessible Insurance

Mr. Abiodun reaffirmed Lasaco Assurance’s dedication to providing innovative and affordable insurance solutions, stating:

“At Lasaco Assurance, we recognize the importance of reliable insurance coverage and are committed to making this protection affordable and easily accessible to all.”

Key Focus Areas:
✅ Motor Vehicle Insurance: Comprehensive plans covering accidental damage and third-party liability.
✅ Customer-Centric Approach: Seamless claims process and top-tier customer service.
✅ Financial Security for Nigerians: Ensuring individuals and businesses have access to essential coverage.

Strengthening Trust in the Insurance Industry

Lasaco Assurance aims to bridge the trust gap in Nigeria’s insurance industry by offering hassle-free claims processing and prioritizing customer satisfaction.

“We are not just an insurance provider; we are a trusted partner in your journey towards financial protection and peace of mind,” Abiodun stated.

As enforcement of compulsory insurance laws intensifies, Lasaco Assurance encourages Nigerians to embrace insurance as a safeguard against financial loss, ensuring a more secure future for individuals and businesses alike.

Stay informed and secure—get insured today!