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Q. This Insurance what it's all about?
A. Insurance is a risk transfer mechanism whereby individuals or organizations can, by paying premium, transfer their various risks e.g., untimely death, sickness, accident, fire outbreak, burglary or inability to pay back loan amount borrowed.
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Q. Can Insurance stops people from dying?
No. Insurance can only mitigate the effects of untimely death, sickness, or fire damage by payment of compensations to the beneficiary, victim of accident or indemnify the customer to continue in business.
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Q. Does Insurance work in Nigeria?
Some Insurance Companies in Nigeria are living up to expectation. But Microinsurance is a new concept designed to work like those Insurance companies in abroad.
Microinsurance model guarantees simple, clear and few policy terms and conditions. Claims documentation is made easy with actual payment done within 28 hours.
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Q. What are the differences between Conventional Insurance and Micro-Insurance Companies?
Conventional Insurance companies are designed to handle high class and complex risks for rich and other members of the society. Microinsurance is designed to insure simple and less complex risks for low-income individuals and businesses.
There are no delays in claim settlement process because claims requirements are simple. Unlike conventional Insurance, Microinsurance products are designed to be simple, understandable, affordable valuable and effective.
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Q. Why should I have Life Insurance Policy?
i. Where there is Life Insurance in place before the unexpected happens, the family of the deceased will depend on the Insurance proceed to cousin the immediate financial impact of such sudden loss.
ii. The Bible says in the Book of Proverbs 13:22, that “A good man should leave inheritance to his children and children’s children”. The best way to achieve this is by having Life Insurance Policy.
iii. Life Insurance is a veritable way of subjecting oneself to compulsory savings in order to raise a capital for future investment and etc. when the insured survives the term.
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Q. Who do I contact in the event of a claim?
Send an email to info@mycreditstar.com or call 09087966325, 09087966327 or visit our office at 120 Ikotun-Egbe Road, Lagos State.
You can click the link below to complete the claim request Click Here
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Q. Why should I bother myself about Life Insurance when I am covered by the Blood of Jesus?
A. Many people prayed and covered themselves with the blood of Jesus before leaving their homes or travelled. But some still could not returned home—they found themselves in the hospitals or mortuaries.
‘It is God that shows mercy”. Insurance doesn’t prevent or allow misfortune to happen to people, rather it exists to provide succor to reduce the immediate or long-term financial effect of loss—whenever it occurs.
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Q. When can I have a valid claim?
Your claim is valid when your policy is still in force when the loss occurs.
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Q Why don’t I save my money with the banks, rather than with the Insurance Companies?
With the banks you need a lump sum to earn significant interest and, withdrawals are at will. But Insurance Companies pay the agreed lump sum amount immediately the insured event happens, regardless of the amount you have saved, without waiting to the end of the contract.
