Jaiz Takaful Insurance Limited has recorded a gross premium contribution of N1.8 billion in the 2021 financial year, representing a 93% increase from N944 million recorded in 2020.
This was disclosed in the company’s Financial Report for 2021 approved by the board of directors during the Annual General Meeting (AGM) that was held virtually.
The company paid a consolidated claim of N301.983 million in 2021, representing 44% increase from N201.262 million paid in the previous year, 2020.
The consolidated Profit After Tax (PAT) increased by 233% from N151 million in 2020 to N503 million in 2021.
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Surplus declared for the year under review was N305 million as participants who did not make any claim in the year under review would receive a projected Surplus of N152 million, higher than N84.5 million distributed in 2020 financial year as part of core business objectives and model of Jaiz Takaful Insurance Limited.
Commenting on enablers for the company’s growing profitability in 2021, the Managing Director/CEO of Jaiz Takaful Limited, Alh. Ibrahim Usman Shehu said: “We have embraced ICT for easy accessibility of our Takaful products by customers.
“We have improved our customer service efficiency such that at your comfort zone, you can reach us through our mobile App to place business or report a claim and we respond promptly.
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