The Nigerian Agricultural Insurance Corporation (NAIC) has paid claims of ₦464 million in the first quarter of 2019 to its insured farmers across the country.
The Managing Director/CEO of NAIC, Mrs. Folashade Joseph, stated this in a press statement released from her office. She disclosed that prompt payment of claims has always been the cardinal principle of NAIC. In her words “As a responsible player in the agric insurance space we, at NAIC, believe that prompt payment of claims is the ultimate goal of any insurance business”.
Nigerian Agricultural Insurance Corporation was established by the Federal Government to shield farmers from the adverse effects of natural disasters.
Mrs. Joseph stressed that the Corporation provides insurance cover to all categories of operators, whether small, medium or large scale across the Agricultural Value Chain.
Head, Corporate Affairs