Less than 3% of Nigerians have insurance policies – Insurance expert

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An insurance expert and managing director of Midfield Insurance Brokers Limited, Mr. Deji Bolusemith, said less than three percent of Nigerians have insurance policies.

Bolusemith explained that 90 percent of the three percent are the elite or those in the organized private sector.

He gave this explanation to Tribune Online on Friday in Lagos, while discussing the rationale for the low recognition of insurance policies among Nigerians.

The insurance guru, while explaining the importance of the Eagle Social Welfare Scheme as a policy, noted that there would be health care available, adequate and timely in all public and private hospitals designated in the reach of the masses at almost every location of the accident scene across the country.

He noted: “Nigeria is a nation of over 200 million people. Less than three percent of Nigerians have an insurance policy

“Of those less than three percent, 90 percent are elites or members of the organized private sector.

“For example, the policy of the Eagle Social Welfare Scheme provides adequate and timely health care in all designated public and private hospitals within reach of the masses at almost all accident sites across the country.

“Some people suffered serious injuries and others died because they could not afford the medical bills. These injuries include knife injuries at home, at work, on the road, and many more. You can work and you come across a broken bottle, you fall in your bathroom. As long as it is an accident, it is covered.

Also speaking, the Managing Director of Eagle Search Services of Nigeria, Mr. Olu Ajanaku, explained that Eagle Search and Rescue Services Nigeria is an indigenous company incorporated to carry out general data and statistical services activities such as surveillance, search, rescue, ambulance and medical assistance to accident victims.

Mr Olu further explained that the company would carry out information, welfare and alert activities to all Nigerians in the country, especially in emergencies, adding that while performing these services, l The company would help and provide prompt rescue as well as payment of hospital costs. medical bills and other associated benefits from partner insurance companies.


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