Stanbic IBTC Insurance Brokers Limited, a member of the Stanbic IBTC Group, says it has added annuity products to its offerings to give retirees a variety of retirement income solutions to choose from.
The Chief Executive, Stanbic IBTC Insurance Brokers, Anselem Igbo, said during a press briefing in Lagos that the organisation was delighted to offer Nigerians, particularly retirees, a product that would bring value, flexibility and security, among other benefits.
This, he added, was in line with Stanbic IBTC Group’s determination to provide quality and bespoke financial services solutions that would cater for customers’ needs.
Some of the benefits of annuity, according to the insurance broker, are the creation of a guaranteed lifetime income stream, protection of assets in annuity from market volatility, growth of income, and the opportunity to transfer the annuity to a spouse or named beneficiary, among others.
While urging retirees to take advantage of the annuity products, he assured customers of efficient and prompt service delivery.
He stated, “We believe that the test of any insurance arrangement is in prosecuting claims to a satisfactory conclusion for our clients. Our role as brokers also ensures that insurers, as a matter of obligation, pay claims equitably and promptly.
“Prompt payment of claims is a key factor in any insurance contract. We continuously develop key relationships and requisite logistical processes to ensure that we get clients the best quotes and prompt claims settlement.”