Prudential Zenith Life Insurance and Standard Chartered Bank Nigeria Ltd. have entered into a bancassurance partnership to expand access to life insurance products and promote financial inclusion in Nigeria.
The partnership, announced in a joint statement on Thursday, will combine Prudential Zenith Life’s underwriting expertise with Standard Chartered Bank’s banking network to make life insurance products more accessible to customers.
Under the arrangement, Standard Chartered customers will have access to a range of life insurance products covering individual protection, family security and education planning.
The companies said the collaboration builds on the 27-year global relationship between Prudential and Standard Chartered across 11 markets in Africa and Asia.
The Executive Director and Chief Financial Officer of Prudential Zenith Life Insurance, Afolabi Lawal, said the partnership would provide more Nigerians with affordable financial protection and help families secure their future.
The Acting Chief Executive Officer of Standard Chartered Bank Nigeria, Ayodeji Adelagun, said integrating insurance into the bank’s services would strengthen its wealth management offerings while advancing financial inclusion across the country.
