BY NGOZI ONYEAKUSI

*Dr Nwakuche

Veritas Kapital Assurance Plc has introduced affordable retail insurance plans starting from as low as ₦1,750 to make insurance more accessible to individuals, families and small business owners across Nigeria.

The company said the initiative was aimed at changing the perception that insurance is only for large organisations or the wealthy, while supporting efforts to deepen insurance penetration and financial inclusion in the country.

The retail insurance plans are available in Silver, Gold and Platinum categories, allowing customers to choose coverage that suits their needs and budget.

The products provide protection through Third-Party Motor Insurance, Householder Insurance, Fire Insurance, Personal Accident Insurance and Business Interruption Insurance.

Managing Director/Chief Executive Officer of Veritas Kapital Assurance Plc, Dr. Adaobi Nwakuche, said the company is committed to making insurance simple, affordable and relevant to everyday life.

According to her, many Nigerians still believe insurance is beyond their reach, a misconception the company intends to correct through affordable and accessible insurance solutions.

She noted that the products are designed for salary earners, traders, young professionals and small business owners, enabling them to enjoy financial protection against unforeseen events.

Nwakuche said affordable insurance helps individuals and businesses recover more quickly from losses arising from fire, accidents and business disruptions.

She added that the company’s Business Interruption Insurance is specifically designed to support small businesses by helping them recover faster after unexpected events that temporarily affect their operations.

To enhance accessibility, Veritas Kapital Assurance has made the retail insurance products available through its digital channels, including WhatsApp, allowing customers to purchase insurance quickly and conveniently.

The company said the initiative is expected to help close Nigeria’s insurance gap by making quality insurance protection affordable and accessible to more Nigerians.