President Muhammadu Buhari has charged insurance companies in the country to improve on their performance and honour the payment of claims to policy holders in good time.
The President spoke on Thursday at his investiture as the Grand Patron of the Chartered Insurance Institute of Nigeria (CIIN) by the Chairman and members of the Governing Council of the Institute at the Presidential Villa, Abuja.
According to a statement issued by his Special Adviser on Media and Publicity, Femi Adesina, President Buhari urged the CIIN leadership to further increase the number of Nigerians and businesses that would benefit from and be benefited by the insurance industry.
‘‘As you continue in your work of contributing to national development, I want to urge you to further increase the number of Nigerians and businesses that would benefit from and be benefited by the insurance industry.
“As you are well aware, you need to dispel misconceptions about the insurance industry presently held by a good number of Nigerians, especially as it relates to claims and need for insurance.
‘‘As I have said on many occasions and would continue to reiterate, it is my commitment to leave a sustainable growth and development legacy by the end of this administration.
‘‘Furthermore, the insurance industry as a whole must improve its efficiency and honour claims in good time,’’ he said.
President Buhari thanked players in the insurance industry, including the CIIN, for supporting this government as well as the kind words in appreciating the progress made in various areas of development.
