Insurers Make N10.1bn From Life Annuity In Q4, 2020
Insurance companies providing Retiree Life Annuity (RLA) to retirees under the Contributory Pension Scheme (CPS) received N10.1 billion premium, in the fourth quarter of 2020.
Life Annuity is a series of monthly or quarterly payments paid to...
NAICOM Tasks Insurers On N463.1bn Annuity Business
The National Insurance Commission (NAICOM) has expressed worry over the declining participation of life companies in retiree life annuity (RLA) business, which is considered a huge opportunity for the industry.
RLA is a pension benefit administered by life insurance...
