07032358685, 0809051212707040345052
ORNIFE PLACE, PLOT 8 GABRIEL OLUSANYA STR. LEKKI, LAGOS

We offer a wide range of Product and Services that have been carefully designed to cater to the ever changing needs of our clients.

 

There are several products within our motor insurance portfolio. These include:

  1. Comprehensive Motor Cover (Standard)
  2. Motor Safe Guard
  3. Third Party Motor Cover
  1. Comprehensive Motor Cover (Standard):

Our Comprehensive Motor Insurance Policy provides cover for your private or commercial vehicles.  It pays for loss or damage to the insured vehicle and third party liabilities in event of an accident, fire or theft.

  1. Motor Safe Guard (MSG): Motor Safe-Guard is a new form of motor insurance with standardized cover and premiums payable. It is designed for private cars. It offers more advantages that an ordinary Third Party:
  • Motor Safe-Guard will pay for damage to your car in event of an accident. A  Third Party Policy will not.
  • Motor Safe-Guard will pay for damage to your car in case fire incident. A  Third Party Policy will not.
  • Motor Safe-Guard will pay you if your car is stolen; A Third Party Policywill not.
  • Motor Safe-Guard will also pay for third party liabilities

Motor Safe-Guard has three (3) types of cover from which a client can choose – Maxi, Medi and Mini.

  • Maxi Cover provides the following cover

Accidental Damage (whether by accident or fire) up to N200,000

Total Loss (whether by accident or fire) up to N300,000

Third Party Liabilities: up to N1,000,000

 

The Premium for MAXI Cover is only N25,000 per annum.

  • Medi Cover provides the following cover

Accidental Damage (whether by accident or fire) up to N100,000

Total Loss (whether by accident or fire) up to N200,000

Third Party Liabilities: up to      N1,000,000

The Premium for MEDI Cover is only N20,000 per annum.

  • Mini Cover provides the following cover

Accidental Damage (whether by accident or fire) up to N50,000

Total Loss (whether by accident or fire) up to N100,000

Third Party Liabilities: up to N1,000,000

The Premium for MINI Cover is only N15,000 per annum.

  • Third Party Cover: This covers damage to third party property, injury and death with liabilities for property damage up to N1 million.

There are two main products under our Fire insurance Portfolio namely:

  1. Fire and Special Perils
  2. The Red Card

a)     Fire and Special Perils: This product provides cover for both private residence and business premises against loss or damage to property, injury or death to persons caused by fire and related perils such as flood, storm, tempest, riot and strikes, malicious damage, explosion, burst water pipes.

b)     The Red Card: This is a fire insurance product specially designed for low to medium income class. It provides standardized cover for contents of buildings only at affordable premium rates. The product comes in four variants:

Basic:     Provides cover on the contents of homes up to N 250,000

Bronze: Provides cover on the contents of homes up to N500,000

Silver:    Provides cover on the contents of homes up to  N750,000            

Gold:     Provides cover on the contents of your home up to  N1 million

 

Claims/Proposal Form

This provides cover to the insured against any unforeseen and sudden physical loss or damage to the insured plants. Plant here may include: high capacity generating sets, cranes, boilers and pressure plants, electrical plant.

Claims/Proposal Form

The homestead is designed to cover the house and contents against fire / specified perils as well as theft. It also covers the life of the house owner against accidental death / permanent disability for N1, 000,000.00 if the building’s sum insured is above N10, 000,000.00.

There are several products within our motor insurance portfolio. These include;

Comprehensive Motor Cover (Standard):Our Comprehensive Motor Insurance Policy provides cover for your private or commercial vehicles. It pays for loss or damage to the issured vehicle and third party liabilities in event of an accident, fire or theft.

Motor Safe Guard (MSG): 

Motor Safe-Guard is a new form of motor insurance with standardized cover and premiums payable. It is designed for private cars. It offers more advantages that an ordinary Third Party:

Motor Safe-Guard will pay for damage to your car in event of an accident. A Third Party Policy will not.

Motor Safe-Guard will pay for damage to your car in case fire incident. A Third Party Policy will not.

Motor Safe-Guard will pay you if your car is stolen; A Third Party Policy will not.

Motor Safe-Guard will also pay for third party liabilities.

Motor Safe-Guard has four (3) types of cover from which a client can chose – Maxi, Medi and Mini.

Maxi Cover provides the following cover.

Accidental Damage (whether by accident or fire) – up to N200,000

Total Loss (whether by accident or fire) – up to N300,000

Third Party Liabilities: – up to N1,000,000

The Premium for MAXI Cover is only N25,000 per annum.

Medi Cover provides the following cover

Accidental Damage (whether by accident or fire) – up to N100,000

Total Loss (whether by accident or fire) – up to N200,000

Third Party Liabilities: – up to N1,000,000

The Premium for MEDI Cover is only N20,000 per annum.

Mini Cover provides the following cover

Accidental Damage (whether by accident or fire) – up to N50,000

Total Loss (whether by accident or fire) – up to N100,000

Third Party Liabilities: – up to N1,000,000

The Premium for MINI Cover is only N15,000 per annum.

 

THIRD PARTY ONLY MOTOR INSURANCE POLICY

In consideration of the information provided by the Insured and the payment of premium which are the basis of this contract, the company shall provide cover for the period of insurance, as stated on the motor insurance certificate, subject to the terms and conditions stated below.

COVER

This policy covers the legal liability of the Insured against:

1. Third Party property damage

2. Accidental bodily injury or death to the Third Party arising from the use of the vehicle.

3. Claimant’s

LIMITS OF LIABILITY

1. Damage to Third Party property – N1, 000, 000, per occurrence.

Policy excess is N10, 000 or 10% of the amount claimed whichever is higher. (Policy excess is the amount the insured will bear in the event of any claim).

2. Bodily injury or death to the Third Party – Unlimited.

CONDITIONS

1. . In the event of a claim,

i. Notify the company immediately and not later than seven days.

ii. Report the incident to the nearest police station and request for police report.

iii. In event of death of any person entitled to indemnity under this policy, the company will indemnify the personal representatives subject to the limits of liability

2. Driving under the influence of alcohol or drugs is prohibited.

3. Either party may cancel this policy by giving seven (7) days notice.

4. Where ownership of the vehicle is transferred, the cover terminates.

5. The Insured shall take necessary precaution in the use of the vehicle, maintain safety standards and observe all traffic rules.

GOVERNING LAWS

This contract shall be governed by the Laws of the Federal Republic of Nigeria.

ARBITRATION

In the event of disagreement regarding the amount of claims, arbitration option shall be explored in the first instance.

Claims/Proposal Form

(a) Cover for Goods: Marine insurance policy provides cover for goods transported by sea from the port/warehouse of embarkation to the port/warehouse of disembarkation. It pays for the goods lost/damaged by accident while in transit.

(b) Cover for Hull: Marine policy also covers ships, boats, or large vessels owned by insured

 

Claims/Proposal Form

This policy takes care of legal liabilities of the insured due to the activities of his business (excluding liabilities from products) for bodily injury or death of third parties or loss or damage to their properties.  It also covers the cost of litigation

This policy protects any building or civil engineering project against unforeseen accident resulting in physical damage to or destruction of works-in- progress and works after completion, during the maintenance period and third party liability arising out of the execution of the building or structure

This provides cover for assets, liabilities and personnel of companies in both the upstream and downstream sectors of the Oil & Gas industry. This also includes oil servicing companies and support services

The policy is to protect a professionals such as: doctors, pharmacists, nurses, lawyers, engineers, architects, brokers and other professions against legal liability to pay damages to persons who have sustained loss arising from professional negligence or that of their employees in the conduct their business.

This policy guarantees payment for loss of money or other property belonging to an employer, or for which the employer is legally responsible, resulting from fraud or dishonesty of his employee(s).  Four types of cover are available:

  • Individual Cover: This covers one employee up to a stated amount.
  • Collective Cover: This includes various employees with the maximum amount of guarantee for each employee.
  • Floating Cover: This contains an amount of guarantee over all employees included in the Schedule, which is reduced by claims that may arise.
  • Blanket Cover: This covers all employees with an overall amount of guarantee.

Claims/Proposal Form

Our Money Insurance product provides cover against loss of money by theft or burglary.  It covers money lost while in transit, in safe, or in the custody of the insured or in the personal custody of authorized employees.  Persons are also covered against injury or death occurring during a robbery or burglary incident.

 

Claims/Proposal Form

This policy provides cover for goods against loss/damage or theft whilst in transit by road or inland waterways.  It also covers the goods while loading or unloading, and while being temporarily garaged in the course of the transit.  Two types of cover are available:
a) All Risks Cover pays for loss/damage caused by accident, fire or theft, while
b) Restricted Cover pays for loss/damage caused only by accident.

 

Claims/Proposal Form

GPA is a group scheme accident insurance policy that provides members of the insured group with 24-hour, all-year-round insurance cover against accident.  The policy pays for: death, permanent disability, temporary disability, and medical expenses resulting from an accident.

Claims/Proposal Form

A Bond is a guarantee issued by KBL Insurance to a Contractor for which the sum insured (an agreed sum of money) will be paid in the event of the contractor’s default.

KBL Insurance issues four types of bonds: Bid/Tender Bond, Performance Bond, Advance Payment Bond, Retention bond.

The Burglary insurance offers protection against loss or damage by theft of property belonging to the insured or for which the insured is responsible. The risk covered by this Policy is theft involving forcible and violent entry into or exit from the premises. It covers not only contents of the premises but also damage to the premises as a consequence of forcible entry and exit.

 

Claims/Proposal Form

The Employer’s Liability insurance is concerned with accidents to employees arising out of and in the course of their employment. It covers the employer against legal liability for accidental death, bodily injuries and diseases to the employee arising out of and in the course of their employment while at work.

This policy offers protection to the insured against loss or damage to office contents, excluding stock in trade, contained in the office premises as specified resulting from fire, explosion, storm, rain, theft following forceful entry and exit. It also covers loss of rent and tenants liabilities to the owner of the building

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