The FBN General Insurance has announced the introduction of new products in its services in the sector.
At a press briefing in Lagos, the Chief Executive Officer and Managing Director, Bode Opadokun made this known, and hinted that the new products include the Auto Flexi Insurance, Flexi Guard Insurance and the Flexi Home Insurance.
Opadokun informed that the Flexi Home policy is designed to cover the insured against pre-agreed losses and the legal liability to pay compensation to a third part in the event of an accident that could cause property damage or bodily injury to the third party.”
“We have several instances where our customers, both existing and even prospective having issues of pricing in terms of affordability and ability to pay the premium that is applicable based on value of some vehicles.”
For the Flexi Home policy, he said its’s designed to cover the insured against specific pre-agreed losses, and legal liability to pay compensation to a third party in the event of an accident that could cause property damage or bodily injury to the third party.
Also, the policies, according to him covered the insured in the event of damage due to an accident and fire up to the agreed value insured.
“The policy is divided into three variants of Flexi Gold, Flexi Silver and Flexi Bronze with agreed insured value up to N1m for a premium of N40,000; N500,000, for a premium ofN25,000 and N100,000 for a premium of N15,000 respectively, and covers third party property damage up to N2m in all the three variants,” he stated.
Speaking also on Flexi Home policy, he said the product, a home content insurance policy, was designed to ensure adequate cover for customers’ treasured home including the contents and to compensate the insured in the event of loss or damage to property belonging to the insured as a result of fire and/or allied perils.
“The product is available in four variants, namely: Flexi Home Bronze, Flexi Home Silver, Flexi Home Gold and Flexi Home Platinum for agreed insured value of N1m, N2m, N3m and N5m for an annual premium of N7,500, N15,000, N20,000 and N30,000, respectively,” he said.
On the Flexi Guard, he said it was a protection policy that could pay compensation to the insured in the event of injury, disability or death caused solely by external and visible event.
He further clarified that: “The policy is available in three variants of Flexi Guard Silver, Flexi Guard Gold and Flexi Guard Platinum. The policy covers among other things bodily injury, death or permanent disability to the tune of N500,000 for a premium of N1,500, N1m for a premium of N3,000 and N2m for a premium of N5,000.”