CHI plc to takes insurance penetration to next level with four retail products

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CHI aspired to be a one-stop-shop for financial services solution in the sector

The Group Managing Director of Consolidated Hallmark Insurance (CHI Plc) in other to deepening insurance penetration further  has  already obtained NAICOM approval for four retail products – the Esusu Plan, Welfare Plan, Credit Life, and the Cooperative Group Life Plans, all designed to meet the needs of the mass market.

“Company also has expanded insurance interests through the new operational one of its subsidiaries – CHI MicroInsurance Limited (Life Assurance), by the National Insurance Commission (NAICOM).

The statement disclosed that Mr. Eddie Efekoha, the Group Managing Director of CHI Plc will also Chair CHI Microinsurance Limited

Efekoha said the addition of Micro Life Assurance company to the stable of the Group is part of the long-term goals of the firm as a one-stop-shop for financial services solution. It is all about achieving full customer satisfaction, especially in the retail segment.

The chairman, Micro Life Assurance company (Microinsurance)said that the low insurance penetration rate in Nigeria will improve significantly if operators continue to take advantage of the large population to offer retail products, not only in general insurance business but also in life assurance.

According to him, the market remains largely untapped due to focus on big ticket corporate transactions by many operators.

CHI MicroInsurance Limited has already put together a team of highly experienced and professional staff headed by Mr. Pius Karieren as Managing Director/CEO.

Also speaking, the CHI MicroInsurance, MD/CEO, Pius Karieren saying he is greatly excited by the grant of the operational license and that they are in the market to change the face of Microinsurance for the benefit of the customers adding that arrangements are being finalised for the formal launch of the company.

CHI MicroInsurance Limited joins Grand Treasurers Limited and Hallmark Health Services Limited (Hallmark HMO) who have continued to play their role in consistently growing the key fundamentals of the Group.

“The business office complex is positioned in a central and accessible location at Anthony, Gbagada Lagos and properly backed by technology.

About Consolidated Hallmark Insurance:

Consolidated Hallmark Insurance (CHI Plc) Group is made up of Consolidated Hallmark Insurance (CHI Plc), providing General Insurance Business, CHI Microinsurance Limited, providing Micro Life Assurance, Hallmark Health Services Limited, which is a Health Management business, Grand Treasurers Limited, which is a CBN licensed Finance Company providing loans and finance for the individual and SMEs licence, among others


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