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For most corporate workers and salary earners, being insured is a matter of necessity. But since time comes with different tidings, you may be unable to pay your insurance premium at one point or the other. In this kind of situation, Premium Financing is your saving grace.
Premium Financing is a financial system in which funds are lent to an entity to cover its insurance premiums. This entity could either be an individual or an organization. Usually, when an entity is unable to meet up with its premium payments, it is advisable to explore the option of premium financing.
Imagine a situation where the deadline to settle your insurance premium is fast approaching, and for some reason, it’s looking like you may have to default on it. Unforeseen circumstances occur, right? Well, in situations like this, being aware of this policy, and understanding how it works would be a great relief. You are rest assured; because simply reaching out to Coronation Insurance, you are guaranteed enough access to enough funds for your premium payment.
This initiative not only caters for the continued coverage of premiums in the event of an unplanned situation but also allows the customers to repay the loan over a period.
Coronation Insurance has a premium financing initiative that offers this service for a range of high-demand insurance products like motor insurance, travel insurance, marine insurance, fire and burglary insurance, credit insurance, etc. As one of the first and major players in the area, and with its large customer base and digital capacity, we are your best bet for premium financing.
Please contact 2341-2774500 or send an email to contactcentre@coronationinsurance.com.ng to know more.
