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Sovereign Trust Insurance Plc has said it paid N2.9bn claims to various insured spread across the country in 2020.
The company disclosed this in a statement by its spokesperson and Head of Sales and Corporate Communications, Mr Segun Bankole, on Sunday titled ‘Sovereign Trust Insurance Plc commits to claims payment: Pays N2.9bn in 2020’.
Bankole stated that the claims experienced in 2020 showed that the company paid claims that emanated from the civil commotion in the country occasioned by the
#EndSARS protests in major parts of the country.
He said a significant number of customers had come to appreciate the role of insurance in their everyday life, which increased the claims paid.