Daily Independent (Lagos)
21 October 2008
Crusader General Insurance Plc, in partnership with MAPFRE ASISTENCIA, has designed a new travel insurance policy, which provides various options for policyholders within and outside the country.
The travel insurance product can be arranged to cover the policyholder either on the continent of Africa, Europe or worldwide or when pilgrims are away to Medina and Mecca in Saudi Arabia for Hajj and Umrah. The country of residence is, however, excluded from the scope of the cover.
For coverage within Africa, the insured person will be paid 10.000 Euro to cover medical expenses, and for coverage within Europe including the Schengen area and United Kingdom, the policyholder will be entitled to 30.000 Euro to cover medical expenses.
For worldwide coverage, the medical expenses that policyholders are entitled to ranges between 30000 Euro and 50000 Euro, while pilgrims who are in Saudi Arabia for religious pilgrimage are entitled to either 10.000 US dollar for Hajj and Umrah basic cover or 15.000 US dollar for Hajj and Umrah plus cover or 25.000 US dollar for Hajj and Umrah extra cover depending on the scope of cover.
Besides, the insurance company says policyholder will be entitled to transport fares in case of illness or accident, emergency dental care, while also taking care of repatriation of family member travelling with the insured, repatriation of mortal remains.
In case of emergency, policyholders are assigned a telephone line which they can call 24 hours a day and 365 days a year to apply for assistance.
Following the 2007 consolidation exercise in the nation's insurance industry, Crusader Insurance Nigeria Plc transformed into a group of companies now known as Crusader Nigeria Plc with interest in so many areas of financial services. Crusader General Insurance Plc is a member of the group.
Crusader started insurance business in Nigeria in 1958 as a foreign office of Crusader Insurance Company Limited, Reigate, United Kingdom, only life and pension business.
It was incorporated on April 21, 1970 as a Nigerian company under the name Crusader Nigeria Insurance Plc on April 26, 1989.Its shares were listed on the Nigerian Stock Exchange in 1990.
In 1995 Crusader Nigeria Plc introduced non life insurance business and became a full composite insurance company.
Crusader General Insurance Plc is a highly reputable company renowned for its efficient service delivery and prompt claims settlement. It is one of the highly capitalised companies in the nation's insurance industry at presents its paid up capital stands at N13.02 billion.
In line with the provisions in the Insurance Act of 2003, its capital base enables the company to underwrite all classes of general insurance business, special risks (like Oil and Gas, Aviation, Engineering/Machinery).
The company's reinsurance arrangement is one of the most comprehensive in the country's insurance market today. The firm is technically equipped to handle risk survey and appraisal that is acceptable to international reinsurance market, and there is adequate facility to underwrite dual currency policies subject to necessary approval from the National Insurance Commission.
The company is blessed with a board of directors made up of eminent individuals who have distinguished themselves in commerce and industry, in addition to a management team comprising of a crop of experience and proven professionals.
Crusader General Insurance is in a position to cover a significant part of its clients' risks, no matter the size, either wholly or by co-insuring with other reputable underwriters.
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