Funmi Babington-Ashaye – Risk Analyst

Read more about the article Roadmap for Insurance Financial Inclusion

Roadmap for Insurance Financial Inclusion

Post author:Funmi Babington-Ashaye
Post published:October 26, 2020
Post category:Other

As we all recall, the National Financial Inclusion strategy 2012 was launched with a view to reducing the percentage of the excluded from 46.3% to 20% by 2020. Presently, 41.6%…

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Read more about the article How to best manage the impact of unplanned retrenchment.

How to best manage the impact of unplanned retrenchment.

Post author:Funmi Babington-Ashaye
Post published:July 21, 2020
Post category:Other

The COVID-19 pandemic has caused disruptions in all spheres globally, industries and businesses around the world are already seeing signs of disruption in their supply chains and decline in demand.…

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Read more about the article The government should make insurance compulsory in schools.

The government should make insurance compulsory in schools.

Post author:Funmi Babington-Ashaye
Post published:July 2, 2018
Post category:Other

President of the Chartered Insurance Institute of Nigeria, Mrs. Funmi Babington- Ashaye, in this interview with Rosemary Onuoha speaks on efforts the Institute is making to grow insurance penetration. Excerps.…

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Name of Policy Holder*
Type of policy*
Required Documents
- Completed claim form
- Pictures of the damage vehicle
- Estimate of repairs
- Police report of accident resulting in death of third party
Required Documents
- Death certificate
- Medical certificate of cause of death
- Burial certificate
- Birth certificate Police report if death is as result of accident
Required Documents
- Completed claim form
- Pictures of properties damage by fire
- Incident report
- Invoice for the damage items
Required Documents
- Pictures of room(s) that were burgled
- Invoices for stolen items
- Incident report
- Completed claim form
- Police report
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Date of loss*

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Description of loss*
Claims Procedure
1. Upon the occurrence of any incidence that may give rise to a claim, we should be notified immediately or not later than 30days.
2. Once we receive your notification we shall provide you with the list of all necessary substantiating documents which will be used to process the claim
3. As soon as all the substantiating documents are received, we will follow up closely with the insurance companies to ensure that adjustment/inspection is carried out within 24 hours.
4. Once inspection/adjustment is carried out by the underwriter, we will ensure that settlement offer and discharge voucher is sent to you within 72 hours.
5. We will follow up with you to give us instruction to sign the discharge voucher on your behalf to enable the underwriter process settlement cheque
6. Once we receive your instruction to sign the DV, we will ensure that the settlement cheque is issued by an underwriter within 72 hours.
7. The settlement cheque will be sent immediately upon receipt from the insurance company.
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