In consonance with keeping alive the vision of being a leading brand in the insurance industry in Nigeria and in fulfillment of its mission statement of enhancing the everyday life of its numerous customers and shareholders nationwide, Sovereign Trust Insurance Plc has introduced to the market three innovative products to cater for varying needs of Nigerians.
The insurance regulatory Authourity, National Insurance Commission, (NAICOM), has granted the company approval to roll out the products any moment from now. The products are STEMIC, Sovereign Trust Enhanced Motor Insurance Cover, SWIS-F, Sovereign Wellbeing Insurance Scheme for the Family and ETIC, Easy Trip Insurance Cover respectively.
In a statement released by the Corporate Communications and Brand Management department and made available to the press by Mr. Segun Bankole; He asserts that with the introduction of these new products, the insurance industry is set for a positive revolution in the country. According to him, Sovereign Trust Insurance Plc has taken another leap in pioneering a new direction in the retail market of the insurance industry. He stressed the need for Nigerians to take advantage of these new products in ensuring that they add value to their lives and that of their loved ones with any of the three products.
The Director, Technical at the National Insurance Commission, Mr. Biodun Omilabu, commended the initiative of the Management of Sovereign Trust Insurance Plc in designing products with very affordable premiums for Nigerians home and abroad. He said “Nigerians can now appreciate the fact that insurance companies in the country are getting very innovative in coming up with products and services in expanding the business frontiers in the industry.
The Managing Director of Sovereign Trust Insurance Plc, Mr. Wale Onaolapo thanked the Commission for its speedy response in granting the approval after the due process and promised Nigerians that the best is yet to come in terms of retail insurance in Nigeria. “We have begun the process of carving a niche for ourselves in the industry and there is no looking back”. Onaolapo asserts.