Law Union & Rock Insurance plc has emphasised the need for children to have insurance protection considering the environmental risks associated with the movement of going and coming back, particularly at school age. This scheme would not only enable payment of their bills in case of accidents, it raises confidence
Jide Orimolade, managing director, Law Union & Rock Insurance, has said parents could protect their children through accident insurance cover, noting that children are exposed to several risks and that insurance can be used to protect them in their quest to achieve their ambitions in life.
According to him, children can get injured while engaging in sports or other activities or events that expose them to the risks of accident, whether at home, school, playground or while on the way to or from school. So, parents and even the schools need to put in place appropriate insurance cover to ensure that children gain access to compensation which would provide quality health treatment in the event of an accident, he says.
The Teens Personal Accident (TPA) developed by the firm is a very suitable insurance product parents and schools can take up for the children, he says.
“We are advising parents who want their children to be successful in life not to take for granted the risks children face every day. They should have insurance plans such as TPA in place to provide relieve to them when it matters most because with insurance, parents can have rest of mind while sponsoring their children to university level,” acording to him.
On how the company intend getting its products across to the people, the managing director says the company has built a robust retail agency headed by an expatriate manager through which its products are easily distributed across the country.
Orimolade debunks the impression that insurance companies do not pay claims, saying “at Law Union & Rock, we do not just pay claims but we do it on time because we want the clients to be happy and focus on their business. In recognition of this, our company got a BBB+ (NG) rating on Claims Paying Ability (CPA) by Global Credit Rating Co, a South African-based credit rating Bureau.”
The firm has been consistently operating since 1951, and offers a wide range of general insurance products. The company has over N8 billion in total assets and shareholders’ fund in excess of N4 billion.
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