President, Olusegun Obasanjo, has underscored the need for all to factor insurance into their personal and corporate decisions, in view of its pivotal benefits to human and business survival.
Chief Obasanjo stated this when the delegation of the Nigerian Council of Registered Insurance Brokers (NCRIB), led by its President Dr (Mrs) Bola Onigbogi, visited him in his residence in Abeokuta.
Chief Obasanjo said that “insurance is like a nation’s army whose roles are most appreciated during the period of war or unforseen circumstances threatening lives and property.”
He speaks: “Its quite regretful that many take insurance with levity or even refuse to factor it into their lives or businesses until the unexpected happens and there is no where they could get succour from.”
He said that most of the insurance laws and policies he assented during his tenure as President, were based on his understanding and belief in insurance as a safety valve for the individuals, businesses and national economy.
Responding to the conferment of the Honorary Fellowship and Brand Ambassador awards on him, Chief Obasanjo commended insurance brokers for their roles in the insurance value chain and promised to deploy his personality to project the brand of brokers as well as the crucial roles they preform for their clients.
Speaking earlier, the Council’s President, Dr Onigbogi, applauded Chief Obasanjo for signing the NCRIB Act No 21 of 2003 during his tenure as President, noting that the law was a watershed in the annals of the Council and the operators both professionally and ethically.
She stated that it was in recognition of his critical support that the Governing Council has approved the conferment of the coveted Fellowship and Brand Ambassador awards of the Council on him.
Dr Onigbogi utilised the opportunity of the visit to seek the past President’s support for the inclusion of insurance operators in the operations of the Nigerian Social Insurance Trust Fund (NSITF) more effectiveness and value to the target populace.