Need assistance with your policy? +234 1 271 9393Make a Claim
Old Mutual partner Roche on health insurance
Old Mutual Nigeria Life Assurance Company, a subsidiary Old Mutual Limited, has entered into partnership with Roche, a global research-driven healthcare and pharmaceutical company to develop an innovative insurance plan for terminal illness, tagged the ‘Old Mutual Critical Illness Plan.’
The insurance company disclosed this during a press briefing in Lagos in commemoration of the 2019 World Health Day, with the theme, “Universal health coverage: Everyone, everywhere.”
It also reiterated its commitment towards the provision of financial protection against critical illness for Nigerians.
During the event, the Managing Director, Old Mutual Nigeria Life Assurance Company, Mr Keith Alford, said that with universal health coverage, everyone could obtain the right kind of medical care they needed and in due time, without suffering financial hardship.
Alford also noted that this financial hardship became heightened in cases of terminal illnesses, due to their sometimes prolonged costly treatment and deadly impact.
“Currently, over 800 million people worldwide spend at least 10 per cent of their household budgets to pay for health care. In sub-Saharan countries like Nigeria, medical expenses are often made through out-of-pocket payments with little coming from government or privately, structured healthcare management initiatives.
“In the case of terminal illness, many sufferers have lost their jobs and their sources of income significantly affected. Families have been driven into poverty in a bid to raise money for the treatment of loved ones. Unfortunately, insurance which ideally serves as financial protection has not been fully utilised by Nigerians.”
“There is a need for us to plan with insurance policies specially designed to provide protection from the financial burdens of terminal illnesses.
It is to this end that, we entered into a partnership with Roche to develop this innovative insurance plan to protect Nigerians from the financial implications of terminal illness.”
Old Mutual advises Nigerians to embrace calculated risks
April 15, 2019 The management of Old Mutual General Insurance Company, a subsidiary of the...
News article featured
learn interesting facts about how you can make your money work for you
Old Mutual partners LASG to drive virtual learning across schools in Lagos State
June 16, 2020 Following the introduction of virtual learning by the Lagos State Ministry of...