A former senior staff with the
First Bank Plc, Mr. Taiwo Shojobi, has petitioned the management of NSIA
Insurance Limited (formerly ADDIC Insurance) to pay him all premium he paid to
the company for an insurance policy in 2008.
Shojobi stated in the petition that
he paid the sum of N330,000 (Three Hundred Thirty Thousand Naira) being the
requested monthly premium over the first year in 2008, but since then, the
insurance firm’s agent who collected the payments disappeared into thin air
thereafter and never showed up for further collection of the premium payments. He
further added that in as much as it was the insurance firm that initiated the
contract by sending their agent to his office to canvass for his support, which
he gladly agreed to based on their agent’s promise to come subsequently for the
next batch of 12 months cheque for year 2009, but failed to come around.
He stressed that all attempts to
trace the company’s agent, whom he was dealing with, proved abortive, adding
that between that 2008 and September 2010 when he voluntarily retired from the
services of First Bank Plc, he did not receive any communication whatsoever
from neither the Insurance firm’s agent nor their officer until 2015 when he
demanded for his benefits that he was
informed that their agent, who transacted the business with him on their
behalf, had notified them that he (Shojobi) refused to continue payment of
premium, whereas she had then seized to be an agent or representative of the
company.
The ex-banker condemned the company
for relaying on article 6 surrender of policy, which he described as a
deliberate ploy embodied in the policy to defraud unsuspecting customers who
had taken the insurance policy in utmost good faith.
“It sounds funny for an insurance
firm to keep silent when the firm has problem reaching the customer who had
hitherto paid his premium on regular basis principally because it plans to rely
on the so called article 6 to defraud the customer of his hard earned money”,
said the ex-banker.
Shojobi
stressed that the insurance firm deliberately framed up an argument that their
agent, who was dealing with him on their behalf inform them that he refused to continue with the
premium payment without due recourse to him for confirmation, thereby exposing
the firm’s act of negligence to their clients.
The ex-banker noted that since he
was no longer in paid employment to enable him continue with the premium
payment, he had made several efforts to get all the premium he had paid with
the interest, profit and reversionary bonuses paid to him, but to no avail.
Shojobi, therefore, implored the
company’s management to wade in by considering and deeming the policy paid up
and thereafter pay to him the surrender value accrued thereon in full.
He also requested the payment of
the profits and interest accruable on the policy since 2008 to date.
The petitioner, who said he wasn’t
ruling out taking necessary legal action if he could not get the firm’s
management to pay him all his entitlements, urged the company to equally ensure
full payment of all accruable reversionary bonuses.
While calling for the management’s
prompt settlement of all his requests, Shojobi, who counseled the insurance firm
to live up to expectation in order to ensure his confidence in the operations of
insurance business in Nigeria was not further shaken, enjoined all well-meaning
Nigerians to help him to prevail on the insurance company to pay up all his
entitlements.
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