Broadcasting
Heirs Insurance, Heirs Life Record Significant Milestones One Year Since Public Launch
One year following their applauded entrance into the insurance sector, duo insurance companies, Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA) celebrated their first anniversary recording significant achievements.
Both companies officially opened their doors to the public in June 2021 in a ceremony graced by the Lagos State Governor, H.E. Babajide Sanwo-Olu and Mr. Sunday Thomas, commissioner for Insurance.
Since their launch, both companies have achieved the following milestones, among others:
- Procurement of a Bancassurance license and agreement with a tier-one bank
- A phenomenal feat of breaking even
- Fully digitalised websites enabling insurance purchase end-to-end in less than three minutes
- A fast-claims portal that simplifies and facilitates the claims process with a promise of attaining 24 hours claims payment
- Implementation of a core insurance platform and execution of an insurance awareness plan that simplifies the processes, procedures, and communication with clients
In addition, Heirs Life Assurance, the life insurance subsidiary of the Heirs Holdings Group, has fully digitalised its entire processes demonstrating its commitment to providing simple, quick, accessible, and reliable insurance services.
Key milestones include:
- Roll out of various products via a digitalised distribution network
- Registered as one of the few companies providing the pension-regulated Annuity to the Lagos State Government, as well as serving thousands of other retirees from the private and public sectors nationwide
- Extensive agency distribution network across the country
Niyi Onifade, MD/CEO, Heirs Life Assurance, promised that the team is not relenting in the pursuit of its promises.
“We promised that we would partner with our regulators to achieve the vision of democratising insurance, transforming lives and the sector. We are relentless in this pursuit, and we are pleased to share that many more milestones will be achieved this year with the flawless execution of a rapid expansion plan,” he said.
On its part, Heirs Insurance Limited cemented its place as one of the fastest growing general insurance companies in the country within the period under review.
Significant milestones include:
- Achievement of its revenue target, a testament to gaining the trust of publicly listed and private companies nationwide
- Development of gender-diverse insurance products to meet the needs of all customers
- Simplifying the claims process to enable customers file claims within five minutes
Commenting on the company’s aggressive footprint across the industry, MD/CEO, Heirs Insurance Limited, Dr. Adaobi Nwakuche said, “We surpassed our financial expectations bringing value to our customers and shareholders, proving that indeed the Nigerian insurance industry has a lot of untapped potential.
“We appreciate our clients for the trust placed in us, the dedication of our employees and the support of our Group, Heirs Holdings. We are excited about the next phase of our ambitious journey.”
Heirs Insurance and Heirs Life are both subsidiaries of Heirs Holdings, a pan-African investment company with a portfolio spanning 20 African countries and three continents.
Broadcasting
How to Beat DStv Price Increase with ‘Price Lock’ Feature
In today’s fast-paced world, where every penny counts, finding ways to save on essential services is more important than ever. And as part of its commitment to customer satisfaction, DStv has reiterated its “Price Lock” feature.
This is in response to the upcoming tariff increase, which the company understands may impose some financial strain on its valued customers.
What exactly does the “Price Lock” feature entail? The “Price Lock” feature offers customers the opportunity to retain their subscriptions at the current rate for 12 months.
To use the “Price Lock” feature, customers simply need to renew their subscriptions before the due date each month, ensuring uninterrupted access to their favourite DStv content at the current rate for the next 12 months.
But here’s the catch: only customers with an active subscription by the 30th of April qualify for this offer, when the tariff adjustment comes into effect.
Make sure you don’t miss the price lock offer! Simply download the MyDStv or MyGOtv app or dial *288# to subscribe, upgrade, or set up Auto-Renewal.
Broadcasting
OJI Demands Ban on Netflix, TikTok, Others over Same-Sex Content
Civil Society Organisation (CSO) under the auspices of Open Justice Initiative (OJI), has threatened to drag the National Broadcasting Commission (NBC) to court if it fails to ban Netflix, TikTok, and others over the alleged broadcast of offensive same-sex content on Nigeria’s airwaves.
The CSO, also urged NBC to ban other social media platforms, including X, formerly known as Twitter, Facebook, etc with regard to the subject matter.
Donald Ayibiowu, lawyer and programme officer of OJI, gave the warning in a letter addressed to Mr. Charles Ebuebu, director-general of the NBC.
The certified true copy of the letter titled: “Need to ban and bar the continuous broadcast of offensive same-sex contents on Nigeria’s airwaves by Netflix and other specialised broadcast outlets”, made available to newsmen in Abuja, was received by the Commission on April 23, 2024.
The letter said, “We write to draw the esteem attention of your commission to some obnoxious and repugnant same-sex contents being aired or transmitted by some broadcast outfits operating within the Nigeria broadcast space, which platforms includes Netflix and some social media entities.
“These abhorrent contents being campaigned about borders on the promotion of amorous relationships between persons of same sex on the said platforms.
“We received complaints on this topic from well-meaning Nigerians and religious organisations and further discovered that the broadcast contents/materials on these platforms are laced with embedded scenes/episodes where same-sex relationships are practically being propagated.
“We also conducted research on some social media platforms like TikTok, Twitter (X), Facebook (Meta), etc with regards to this subject, and found same hazardous and illegal same-sex content being promoted and transmitted.
“It is clear that there is an agenda to surreptitiously lure the unsuspecting young population of this country to this satanic habit/lifestyle of same-sex practice in Nigeria by subtly introducing same through entertainment and showbiz industry, albeit through the airwaves.
“It is now commonplace to see some of these illegal contents being conveyed on social media and specialised platforms in Nigeria.
“We wish to point out that these contents are clearly being aired or transmitted in contravention of our extant laws such as Sections 4(2) and 5(2} of the Same-Sex Mariage (Prohibition) Act, 2013,” he said.
The lawyer said the act being subtly propagated and promoted via the mediums was targeted at destroying the moral fibre and rectitude, erode, dislodging and polluting the society with unacceptable inhuman values.
He said it was also to erode the age-long cultural practices and sacred religious belief system of male and female gender only as created by God Almighty.
Ayibiowu said, that if the commission failed to block, restrict or scrap the same-sex promotional material/contents from Nigeria airwaves, “we shall proceed to seek further redress in pursuit of our goal of saner Nigeria airwaves”.
Broadcasting
FCCPC to Review Multichoice’s Tariff Hike
Federal Competition and Consumer Protection Commission (FCCPC) has promised to review recent price increases in MultiChoice cable subscriptions to ensure subscribers in Nigeria get value for their money.
Recall that the leading pay TV operator, recently announced increase in the subscriptions for its DStv and GOtv packages by at least 25 per cent.
Multichoice announced the increase in tarrifs in a message sent to subscribers on Wednesday and said that the new regime will be effective May 1.
The company stated this in the statement signed by John Ugbe, chief executive officer was titled, ‘Price Adjustment on DStv and GOtv Packages.’
The pay-TV firm cited the rise in the cost of business operations as the rationale behind the price increase.
The company said, “We understand the impact this change may have on you – our valued customer, but the rise in the cost of business operations, has led us to make this difficult decision.
“It remains our mission to provide the best entertainment and viewing experience to you and are committed to continue to deliver high-quality content and unparalleled service. So, from Wednesday, 1 May 2024, the price adjustment will take effect.”
But Adamu Abdullahi, acting chief executive officer, FCCPC, in a chat with Channels Television on its Dateline Abuja programme on Thursday, provided an update on the summons issued to the owner of a Chinese store in Abuja accused of discriminatory and sharp practices.
He also commented on the adherence to the order given to the Abuja Electricity Distribution Company, stating that sanctions are imminent for all verified infractions identified by the agency.
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