The Commission which in it’s Twitter handle  this evening said the MoU is to promote insurance education and human capital development

Though Naicom did not mention the name of the institution as at the time of writing this report but was sure to propagate insurance education.

`”The National Insurance Commission today signed MoU with 5 tertiary institutions to promote insurance education and human capital development in Nigeria.”

Naicom had in time past to institutions one of which the Commission donated N10million to the Federal Polytechnic Offa, Kwara State to boost the institution’s ICT Centre and a grant of N5.4m for the purchase of insurance textbooks for insurance education.

The Commission’s donation is to propagate insurance education and help the sector deepen insurance reach in tertiary institutions in the country.

Salami said that NAICOM is committed in promoting financial literacy through the introduction of Micro insurance, takaful insurance, and agricultural insurance policies as a vehicle for meeting the needs of the masses.

NAICOM had granted financial supports to Ahmadu Bello University Zaria, Lagos State University, University of Uyo, IMT Enugu,  Niger Delta University and Evans Ewerem University, among others.

This, according to the head of Communication of the Commission, Abudul Rasaaq Salami, is aimed at instilling insurance knowledge and understanding among the younger generation and thereby deepening insurance education