Leadway Assurance begins verification for African Alliance Annuitants

Leadway Assurance Company Limited has begun a comprehensive verification exercise for all African Alliance Annuitants following the successful takeover of the African Alliance Insurance Annuity portfolio.

The Executive Director, Technical & Operations at Leadway Assurance, Olufunmilayo Amanwa in a statement said this critical validation process is the first step in the transition, designed to accurately identify all existing annuitants and update their records.

According to her, the primary objective of this exercise is to safeguard the immediate welfare of retirees and ensure that every individual’s benefits are secured for efficient and timely payment.

She stated that the verification exercise is a direct response to the regulatory measures introduced by the National Insurance Commission (NAICOM) to protect policyholders and strengthen confidence in the sector.

She said: “By participating in this exercise, retirees under the African Alliance portfolio can transition seamlessly to the Leadway brand, ensuring the continuity of their payments without disruption.

“The verification of annuitants is more than just a process; it demonstrates our commitment to retirees. We want to ensure that their years of service and contributions are rewarded with financial certainty and dignity. The validation exercise establishes a solid foundation for timely benefit payments and maintaining the trust placed in us.

“This transfer follows NAICOM’s intervention in appointing an interim management team as part of the process in settling outstanding annuity payments. The successful transfer to Leadway not only secures the immediate welfare of annuitants but also represents a broader step toward strengthening Nigeria’s insurance ecosystem”, she added.

On how to complete the verification, Amanwa said all African Alliance Annuitants are encouraged to utilize the some channels to validate their information quickly and seamlessly.

They include Dedicated Leadway Customer Support Lines; Email; and Visit to nearest Leadway Assurance Office, she noted.

Leadway Assurance is one of Nigeria’s leading insurance companies, providing a wide range of financial protection services including life insurance, general insurance, among other financial solutions. With 55 years of experience, Leadway is dedicated to delivering innovative solutions and superior service to its customers.