By Segun Elijah
WorldStage– Mutual Benefits Assurance Plc, one of Nigeria’s major insurance companies, said motor insurance product has to be comprehensive for policyholders to make the best of it.
Many owners in Nigeria chose one or two of the plans to cover their vehicles, and experience has proved such incomplete plans fail to protect when the need arises.
Yet comprehensive motor insurance covers road accidents, fire incidents, theft, and other unexpected events.
According to the insurer, comprehensive insurance equally provides year-round support for vehicle owners, and the categories include Third-Party Only, and Third Party, Fire and Theft.
Others are protection against accidental damage resulting from collisions, overturning, malicious damage, and fire incidents.
Mutual Benefits, however, extends its insurance protection extends beyond Nigeria—to other West African countries.
The insurer urged owners to provide accurate information during registration, pay premiums promptly, and report incidents quickly to ensure smooth claim processing.
Since the Nigeria Insurance Industry Reform Act (NIIRA 2025) took effect, the insurance industry has witnessed a boost in trust as insurers eradicate delayed response to claims and poor customer relations.
