In our previous post (click here to read), we examined the impact of loosening social ties on modern African societies. The situation in modern Africa today is literally “everyone for himself and God for us all”; the demands and rigours of living in the harsh modern economy means that most persons are unwilling or unable to live in the communal manner that was for centuries previously the norm in many parts of Africa.
The significant decline of the communal way of life which acted as a buffer against hardships and provided a social safety net by way of communal assistance in hard times, has created a huge and troubling gap which is acutely noticeable during the occurrence of sudden misfortunes such as death or serious illness of a loved one.
A group Insurance Cover is a potent and veritable tool which can adequately close this gap.
This Policy is highly versatile and can be tailored to flexibly fit the needs of small, medium or large groups, clubs, organisations, professional bodies etc.
This policy provides much needed succour by paying a lump sum to the beneficiaries upon the occurrence of a specified event such as death,funeral expenses or critical illness.
Group insurance covers are highly affordable; for example, for as low as a N5,000 (five thousand naira) premium, the family of a deceased person can receive up to as much as N1,000,000 (one million naira). This can save a grieving and already burdened family from additional stress and sorrow as well as prevent the incurring of further debt relating to burial and associated expenses.
Due to the flexibility of Group Insurance, benefits can be graduated upwards according to the needs and desires of the group.
Will insurance companies meet their obligations?
This is one of the most frequently asked questions on this topic; and the answer is
Yes.
And this is where we step in.
Let us guide you through this process. It is much easier than many people imagine and it is always a beneficial cause of action to take.
Email us at bslogistics@yahoo.com and enquiries@bslb.com.ng for a guide on accessing appropriate covers suited for families, individuals, groups and corporate bodies at highly competitive and pocket friendly rates.
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