Underwriting
firm, Mansard Insurance plc, has secured approval of the National Insurance
Commission (NAICOM) to roll out micro insurance products in Nigeria, becoming
one of the first to get this approval after the guideline was released in
November 2013.
Micro
insurance products are insurance products designed to be appropriate for the
low-income market in relation to cost, policy terms, scope and delivery
technique.
NAICOM
classifies micro-insurance policies to cover little risks and therefore,
exclude special risks like
