How do you buy insurance?

[Starmix]

There are lots of insurance brokers in Nigeria. People tend to purchase their policy through insurance brokers or insurance agents. Credit cards are not mostly used because they have low credit limit allowed on them daily and monthly. Similarly, most people prefer third party insurance schemes than any other policies.

I am an insurance agent for many years and was able to buy a car through my insurance commission. I am seeing non-life insurance. I like to have a commission.It is a very easy job .

 

[Heatman]

I prefer to buy insurance from a broker. That's because I can get expert advise on the best insurance option for me.

It's very easy going to an insurance company and work out the insurance plan that you're interested in having. It's that very easy.

 

[Chibson]

Some insurance companies has actually made it possible for you to buy insurance online. I think for beginners you need to go through brokers so that they will explain everything to you.

 

[Starmix]

You may request for a proposal from an agent, or go direct and apply as agent to your own policy. It's easy to apply and choose the type of insurance after applying. The commission goes direct to your wallet.

 

[hastral45]

Some insurance companies has actually made it possible for you to buy insurance online. I think for beginners you need to go through brokers so that they will explain everything to you.

Buying insurance policy online is time saving but this is not common in Nigeria. Because of lack of trust associated with online businesses, most clients would like to have physical patronage with insurance companies or brokers. Most online insurance companies can't be verified.

 

[IB D]

Buying insurance policy online is time saving but this is not common in Nigeria. Because of lack of trust associated with online businesses, most clients would like to have physical patronage with insurance companies or brokers. Most online insurance companies can't be verified.

Insurance is not even a part of the Nigerian culture, talk more of having to buy it online. If an insurance cost runs online in Nigeria, I am very sure it won't have much sales. We are not ready for online business in my country.

 

[cherry123]

You can buy insurance through different and various channels of your choice. but you need to be careful about where you want to buy it from . They are a lot of fakers

 

[Niyi Briggs]

I don't like taking chances with issues like this. I would only buy insurance from certified and registered insurance brokers.

 

[hastral45]

You can buy insurance through different and various channels of your choice. but you need to be careful about where you want to buy it from . They are a lot of fakers

It was because of possibilities of fake insurance companies online makes some people opted to decide to buy their insurance policy through contacting physical offices or through brokers. Nevertheless, there are still some legit insurance companies online. Before patronizing one, ensure you carry out your research very well to ensure its legality.

 

[Niyi Briggs]

Even if one opts to buy insurance online, I still feel there is need for a broker to explain what claims you have in layman terms.

 

[Chibson]

Buying insurance policy online is time saving but this is not common in Nigeria. Because of lack of trust associated with online businesses, most clients would like to have physical patronage with insurance companies or brokers. Most online insurance companies can't be verified.

Yeah, people who are not very much experienced in buying insurance will not do that online. Most of them usually go to physical offices

 

[Niyi Briggs]

I think it is bests to use a broker because you can ask questions that really bother you and get real answers. FAQ on insurance company's sites is not enough.

 

[Chibson]

I think it is bests to use a broker because you can ask questions that really bother you and get real answers. FAQ on insurance company's sites is not enough.

A beginner may not even be able to understand some terminologies. So the best is for them to use a broker.

 

[hastral45]

A beginner may not even be able to understand some terminologies. So the best is for them to use a broker.

Not everybody understands insurance terminology. But when you engaged insuranceman, he would explain every damn things for you to understand before you are made to sign memorandum of understanding (mou).

 

[Niyi Briggs]

Insurance terminologies can be very confusing. I have seen people denied claims because they don't understand all the provisions.

 

[uptrendfinancialsignal]

I think people buy insurance covers / policy. However if you would like to be insured you can find the insurance company of your choice and you can choose from there the risk/s that you need to be insured against.

Approaching the insurance company of your choice and the one that is credible is better if you want to buy an insurance policy.

 

[Smalto]

Nowadays, people can buy insurance via various channels - insurance agent, independent broker, the website of insurance company or online banking. I normally buy insurance through an independent broker. I've known him for many years. I trust his recommendations. How do you buy insurance?

Thanks a tonne t for this, I never knew one could buy insurance using these mediums you just mentioned, that's a nice one, I would definitely look into buying insurance.

 

[relcap23]

Nowadays, people can buy insurance via various channels - insurance agent, independent broker, the website of insurance company or online banking. I normally buy insurance through an independent broker. I've known him for many years. I trust his recommendations. How do you buy insurance?

Insurance companies have become flexible nowadays. Payment terms and conditions are adapting to the new environment. One can even apply online. E wallets are also offering insurance.

 

[Heatman]

You may request for a proposal from an agent, or go direct and apply as agent to your own policy. It's easy to apply and choose the type of insurance after applying. The commission goes direct to your wallet.

As long as you are literate, it is something that you can do on your own without needing any agent to help you through otherwise you want to pay extra money to those agents.

 

[Chibson]

Not everybody understands insurance terminology. But when you engaged insuranceman, he would explain every damn things for you to understand before you are made to sign memorandum of understanding (mou).

That is the major reason people who have not done insurance before or understand some certain things should always use a broker. They will understand everything better that way.