Obasanjo endorses Anchor insurance AnchorLoEIS product

Former President, Olusegun Obasanjo, has thrown his weight behind one of the flagship products of Anchor Insurance Company Limited – Anchor Loss of Employment Insurance Scheme (AnchorLoEIS).

This was a fall-out of a courtesy visit by the company’s Management to Obasanjo at the Presidential Library in Abeokuta, Ogun State, according to a statement made available to journalists.

Anchor General Manager, Retail and Micro Insurance, Uzoma Ofurum, was said to have introduced the innovative product to the former President.

He said the former President was informed that the product was developed to cushion the effects of sudden loss of employment through the payment of salary to the policyholder for 24 months after the loss of job.

Obasanjo was said to have endorsed AnchorLoEIS thereafter, promising to promote the product, and advised all Nigerians and indeed the employed to take this insurance policy in order to enjoy its benefits as a protection in the event of a job loss.

He thanked Anchor Insurance for the innovation, and encouraged the company to develop more, especially policy for the elderly, and unemployed.
   In a related development, Anchor Insurance has partnered with the Olusegun Obasanjo Presidential Library on its OOPL Wildlife Park (WLP) “Adopt an Animal” programme, by adopting a Lion tagged “Anchor Lion” in the Wildlife. With this partnership, the company has created the opportunity to contribute to the conversation of local animal species and encourage their reproduction and preservation of wildlife, which in its stead will further encourage local tourism.

Obasanjo while receiving the delegation, announced to the delegation the plan to insure the animals in the Wildlife Park against the third party liabilities, as it is essential to protect the visitors to the park from any unanticipated eventualities.

He further said: “Just in case somebody puts his hand in a lion cage or a lion breaks out. It is very important to have insurance despite all the barricades and cages we have in the park.”

The leader of the delegation, Executive Director, Business Development & Marketing, Augustine Ebose, thanked the former president for meeting with the team, and most importantly for the sanity he brought to the financial industry through recapitalisation during his tenure.

“Insurance industry was undertaken by foreign underwriters on behalf of the local insurance companies due to lack of financial capacity before recapitalisation during your administration, but the Local Content Act brought an up rise to the industry; therefore we are now underwriting about 75 per cent of local content,” he declared.