Heirs Holdings (HH) recently announced the group’s transformative insurance industry play, with the launch of Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA), at the companies’ Victoria Island headquarters in Lagos.
Holdings will bring a dynamic, digitally driven offering to the general and life insurance sectors, providing clients with a real choice of products, pricing, channel and claims handling.
Heirs Insurance Limited (HIL) provides general insurance, offering policies covering vehicles, homes, SMEs, business risks and other properties. Heirs Life Assurance (HLA) offers insurance-backed savings plans and life insurance security for individuals, families, children’s education, debtors, creditors, entrepreneurs and employees. All plans offer customers comprehensive protection, creating financial certainty for loved ones, cherished assetsand properties.
Both companies leverage the business track record of Heirs Holdings, the pan-African investment group, chaired by leading investor and philanthropist, Tony O. Elumelu, CON. Heirs Holdings’ portfolio includes companies transforming financial services, power, oil and gas, real estate, hospitality, healthcare, and technology.
At the launch, the companies announced a series of product innovations, including a web portal enabling customers to get an insurance quote in minutes and receive claims settlement in less than 24 hours, from their mobile devices. The highly intuitive and easy to use portal assists the total customer journey, from comparing products to finding the right cover. They also unveiled a suite of customer friendly, affordable products that are simple to understand, featuring flat pricing and tailored directly to the Nigerian market and the needs of Nigerians.
Heirs Insurance, the general insurer, with its mandate to enable Nigerians to protect their valuables and property, unveiled flexible low-cost comprehensive motor insurance and new insurance products targeting users including bikers, tenants and SMEs. Heirs Life unveiled affordable savings, term life and inheritance plans, that provide financial security throughout customers’ life journey.