LASACO urges customers to invest retirement benefits

Following its resumption of underwriting of annuity business after short break, LASACO Assurance has urged the insuring public to invest their retirement benefits with it from where monthly stream of income can be generated and paid to them for a fixed period.

LASACO re-commenced the annuity businesses in collaboration with its appointed experts, First Pension Custodian (FPC), having obtained the nod of the National Insurance Commission (NAICOM) to again take on the underwriting of the product across the country.

LASACO Assurance Managing Director, Mr. Segun Balogun, who spoke on the development, said that his company achieved the feat of qualifying to resume annuity business underwriting through prudent management

and strict adherence to professionalism and promised that the company would do more to meet the needs of the people through policies that would guarantee better deals for them.

The General Manager, Life Operations of the company, Mr. Dimeji Olona, said that the company’s annuity product was designed to provide security and peace of mind for the holders as it is meant to ensure regular payment in retirement for the duration of the owner’s life.

Ganiyu Obaaro, with Agency report