Category: insurance

TYPES OF INSURANCE: EVERYTHING YOU SHOULD KNOW

insurance policies protects from unforeseen circumstances.

Insurance protects us, our businesses, and our assets from unexpected financial losses. Insurance is a contract, represented by a policy, in which a policyholder receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for the insured. Most people have various types of insurance: for their car, their house, their healthcare, or their life.

By taking out an insurance policy, a person is essentially transferring the risk of certain losses onto the insurance company, who then agrees to cover those losses if they occur. This helps us protect our finances in the event of an unexpected financial loss.

With various types of insurance available, we can always find coverage that suits specific needs. From life insurance to property insurance, each type serves a unique purpose, providing a safety net and giving us peace of mind.

In this article, we explore some of the most common insurance types, discussing their key features and benefits.

TYPES OF INSURANCE

  • Life Insurance

Life insurance is a legal agreement in which an insurance company promises to pay n amount to beneficiaries of a deceased person. In return, the person pays the insurance company a premium.

There are two main types of life insurance i.e. whole life insurance, which covers the insured person’s whole life, and term life insurance, which covers a certain period.

  • Health Insurance

Health insurance covers medical treatment, hospital stays, and preventative care. It can help individuals and families reduce healthcare costs.

Furthermore, health insurance can also provide access to treatments that may not be covered by public health services. This is important because health insurance can provide access to treatments that may otherwise be too expensive. This allows individuals and families to receive the care they need. Additionally, by reducing healthcare costs, health insurance can help to prevent financial hardship in the event of an illness or injury.

  • Auto Insurance

Auto insurance is a legal agreement in which an insurance company promises to pay for damage to your car and other people’s property in the event of an accident.

It offers liability protection if you cause damages. Auto insurance comes in different forms, including liability, collision, comprehensive coverage, etc. It can help cover car repairs, medical bills, and legal fees.

  • Travel Insurance

Travel insurance protects travellers from financial losses, medical costs, and other unexpected events while travelling. It provides financial security and peace of mind, especially when unexpected events happen while away.

Travel insurance covers a variety of risks, including Medical expenses, Baggage loss or theft, emergency assistance, Cancellation of flights, etc.

Business Insurance

Businesses can protect themselves from financial losses caused by a range of risks, such as property damage, lawsuits, and business disruption. Several types of insurance are available here.

For example, property insurance covers the cost of damage to a business’s property, such as buildings, and equipment. Liability insurance covers legal fees and settlements for damages. Business interruption insurance covers lost income from covered events.

If an employee gets injured, workers’ compensation insurance can assist in covering their medical expenses and lost wages.

  • Property Insurance

Property insurance protects businesses from financial losses caused by fires, vandalism, and natural disasters to commercial properties like buildings, machinery, and inventory. It covers the expenses of fixing or replacing any damaged property.

The policies can be tailored to individual needs, taking into account the risk assessments and value of the property.

What factors determine life insurance prices?

Although, it depends on the insured’s age, health condition, coverage amount, and policy type. In general, younger and healthier people pay lower premiums than older and sicker people.

Conclusion

In conclusion, insurance plays a crucial role in safeguarding our financial well-being and providing peace of mind in the face of uncertainties. Whether it’s protecting our homes, vehicles, health, or loved ones, having the right insurance coverage is essential.

Remember, when selecting insurance coverage, it is crucial to assess your specific needs, evaluate different options, and consult with insurance professionals. This will enable you to find policies that best align with your circumstances and budget. Regularly reviewing and updating your insurance coverage as your needs change is equally critical to ensure you have adequate protection at all times.

By investing in the right insurance policies, we can navigate through life’s uncertainties with confidence, knowing we have a safety net to rely on. So, assess your insurance needs, explore the available options, and make informed decisions. This will provide you and your family with the protection you deserve.

Buy insurance plans on Vtpass now.

BBNaija ShineYaEye Reunion Final

The BBNaija ShineYaEye Reunion Final episode aired on Friday night, 17th of June. Whoosh! It’s been quite the ride. This particular housemates have divided opinions so much. Some are sad to see the show end, while others are glad it’s finally over. Hmm. Truth is, they gave content. Whether it was good or bad is left for you to decide, but they brought the game. There was something to talk about everyday on the reunion show. Call it an escape from your normal routine. Well, it’s finally over, whichever side of the divide you fall on. Here’s our take on the BBNaija ShineYaEye Reunion Final talking points.

WhiteMoney, Maria, Pere and Tega

Ebuka asked the housemates who changed the most after the show in their opinion, and most of them voted WhiteMoney. Shocked, are we? Those who did speak said in the house he was this caring person, and suddenly, outside the house, he became this person who was too busy, or who didn’t care anymore. Ah, well. What we can say is that dude’s strategy obviously worked. He’s too busy making bangers as the musical genius that he is right? Init?

Following that, Peace relayed a situation where Maria walked up to her outside the house about something her fans said. Home girl Maria instantly said she couldn’t recall the incident and if Peace said it happened, then she doesn’t know what to say. All I can say is omo, fear Maria o.

After that, Tega called Pere out for not defending her during the media rounds. He apparently didn’t want to get involved in the drama. Tega was definitely emosh. Her voice when she said “But I begged you.” See where game has ended up sha.

Emmanuel, Liquorose, Cross and Angel, Beatrice and Pere

On the other hand, Emmanuel stated that he never asked Liquorose out, and what they were was never defined. Liquor however rebuffed that to say that it was defined. “Shame on you bro” was the highlight of that exchange, with Liquorose going on to explain the vibe they had. Well, that ship has clearly sunk.

Cross and Angel were back at it. What have you done for me, I did this for your family. This their fight, I don’t know what to think about it honestly. What are you guys even dragging? Can you just rest since you’re not doing again?

It is worth mentioning that Beatrice says she can have Pere anytime she wants him because she is a beautiful lady. Pere said that confidence is attractive. I don’t know what to think. Lol. Are you playing? What kind of playing is this?

And The Rest…

Cross said he would go back into the house if he had another chance. Because there are bills to pay in the outside world. This guy! True though, we know you have bills, and that’s why we’re here. To take care of your Cable TV payments, electricity bills, airtime and data needs, insurance and education bills and more, all on VTpass!

Ebuka, in closing the show, did say that they were the best dressed housemates on the reunion show since it started. We can’t dispute that though. lol. He also did say that despite a lot of the word out there (that they were boring), this season recorded the most votes so far in a BBNaija season. So what you guys talking about? Anyways, Season 7 is coming up, you know who to trust with your bills payments so you don’t miss out on any of the content live.

Financial Hacks For Vehicle Owners

Vehicle owners get to spend a whole lot. They say that having a motor vehicle is like having a second wife. They were not joking. I tell you from experience. Those things called cars? They will humble you. Lol. I tell you! Owning a car in this country is not for the faint-hearted.

Meanwhile, there are some things all vehicle owners can relate with. One of those things is, how can I give a mechanic my vehicle to change the brake pad and the next thing I am hearing is that I need to buy half engine and change my windscreen? LIke, how? You too, help me reason this matter now. What mechanics cannot do does not exist indeed! Those guys!

On the other hand, sometimes it is how I can take my fully functional car for servicing by myself, get it back and suddenly, I need to buy a new radiator, or possibly change the engine seat. And now my car is leaking oil and I can smell petrol when I drive. Automobiles and their mechanics, I bow!

For instance, sometimes it’s how they will tell you some things they removed from your car is not needed in it. Like, the manufacturers of the car, you know more than them right? They didn’t know what they were doing when they were making it right? Oga mecho, how many cars have you produced sir?

The expenses of mechanics and vehicle artisans can be an unavoidable pain in uncomfortable places. However, motor accident expenses are avoidable when you get a third party motor vehicle cover on VTpass. That way you do not have to directly bear the cost accruing to accidents to your vehicle. Here’s How!

You’re not wishing for it, neither am I. But you can avoid the avoidable by simply purchasing/renewing your third party auto insurance on www.vtpass.com today .

How To Prevent A Broken Heart

It’s February, the month of Love, so it’s the right time for you to learn how to prevent yourself from getting a broken heart. Yeah. And no, I am no doomsayer. As Valentine’s Day draws nearer, the awareness for love grows stronger. There’s a desire to love and be loved that comes with February. Why? I don’t know. Because of that, the heart is generally more vulnerable, and susceptible

If only there was a way to protect oneself from getting one’s heart broken right? Well, to prevent getting your heart broken by love, I really can’t say. But I can help you avoid feeling a different kind of pain in your heart.

That pain is the pain of having to bear the numerous expenses that come with vehicle accidents and cost of repairing not just your vehicle, but sometimes that of the others involved also. That pain, I understand, and I can help you avoid feeling it.

That kind of pain can be terrible, especially when you could have avoided having to shoulder such massive expenses. I know you don’t plan on being involved in an auto accident, but, the reality is, no one does. What you can do however is indemnify yourself from any expenses arising should such a situation ever occur.

It all starts when you protect yourself from ever having to feel that type of pain by simply purchasing/renewing your third party auto insurance on www.vtpass.com today.

You can also trust VTpass to help you with superfast bill payments like airtime and data, quality insurance covers and education payments, Electricity bills and cable TV subscriptions are also available at the click of a button and you get value instantaneously!

How To Fund Your VTpass Wallet

If you’re a new user to the VTpass platform and would like a faster way to make your payments without having to use your debit card all the time, here’s how to fund your VTpass wallet. First, what is a wallet?

The image of a nice small, foldable leather wallet tucked carefully into the back of your jean trousers quickly comes to mind as a guy. If the image in your mind is not nice, change your wallet. Lol. For the ladies, it’s that stylish fashionable purse that holds all things precious to you. You find all manner of things in wallets these days. From sim cards and sim packs, to receipts. From ID cards to complementary cards. from earrings to pins. Even the downright ridiculous can be found in wallets, like paper. Let’s just not bother to dabble into the world of all the things that can be found in a woman’s wallet.

All these are great. There is however one important thing missing. Money! All wallets/ purses carry money. The money is either in physical form or in an ATM card in the wallet. Money, for instance, is one of the major reasons losing your wallet hurts. For example, you often remember how much you had in the wallet before it went missing. Subsequently, I can’t be the only one who searches every corner of his wallet when sapa hits.

Consequently, all these are well and good, and the reason we are teaching you how to fund your VTpass wallet.

What’s a VTpass Wallet?

We have established that wallets help hold cash and are handy when you need urgent cash to make quick and easy payment. In the same vein, your VTpass wallet helps you pay for services on VTpass swiftly. In other words, you can now buy airtime and data, pay TV subscriptions and electricity bills, purchase insurance covers and pay education bills at the click of a button, right from your VTpass wallet. Yes! Likewise, it’s easy to use.

How to fund your wallet

To fund/credit your wallet, simply do these:

  1. Firstly, Log on to www.vtpass.com
  2. Log in with your registered email and password.
  3. Click “Credit Wallet” as it appears on the dashboard.
  4. Enter the amount you want to credit into your wallet.
  5. Proceed to payment and choose your desired payment option.
  6. Make payment and your wallet is credited immediately.

That’s it. Now you can start funding your wallet easily and making payments for products on VTpass, superfast.

Happy Customer Service Week!

Servicing customers can be hard; it’s customer service week so we thought, what better time to let you in on this secret than now? We have one of the best customer support teams this part of the continent! Don’t believe? We’ll not just tell, we’ll show also. See below

Customer Service Week: Our “why”

You see, at VTpass, we do not believe customer service is just a department, but an organizational culture, with every interaction carefully designed to not just meet, but exceed the expectations of our customers.

We know we’re not perfect yet, but that’s where we’re headed, and we want to say thank you for staying with us on our journey from here to there. It’s customer service week, but we celebrate our customers everyday for helping us keep the lights on.

We would like to use this medium to reassure you of our continued dedication to bringing you the best of service, our endless cycles of upgrades to optimize your experience while using our platform, and team brainstorming sessions on “what more can we give to you”

Whenever you experience any issues, you can be rest assured that we will help resolve them. You can always send an email to support@vtpass.com, call our active support line on 08138752358, use the live chat feature on the website, or contact us via our social media channels (Facebook, Instagram.) We’re currently not active on Twitter due to the ban by the government.

As we have grown steadily through the years, you’ve always and will always remain our number one priority.

Happy Customer Service Week. Happy “you” Week!

– Lanre Ogunya,

CEO, VTpass

Customer Service Week

Maria and Pere Kiss In BBNaija

Have you heard about the Maria and Pere kiss? Have you seen the hot steaming kiss that Maria and Pere shared in the Big brother house? Wedding bells are ringing! Fam! We watch BBNaija for the drama and that is exactly what we are getting served this season.

Nigerians are already planning the wedding online as the internet is already ablaze with the news. It appears we have another potential Teddy A and BamBam situation on our hands. Biggie’s House appears to now be the hottest place to find love. We can’t just get over that kiss.

Wait a minute, what kiss? That actually didn’t happen. But the only reason you wouldn’t know that already is because you haven’t subscribed your GOtv or DStv. Just as the only reason you wouldn’t also know that no wedding is being planned online is because you are managing the small data you have and cannot even use it to view WhatsApp statuses.

Stay Connected! Renew your DSTV/GOTV and data subscription with VTpass to know the real gist every hour, on the hour!

How To:

VTpass is an online payments platform that offers you seamless and swift payment options via which you can buy airtime and data, pay electricity bills and TV subscriptions, buy insurance and pay Educational bills. Just visit www.vtpass.com now or download the mobile app to experience payments made easy!

Dorime: The Food Mix-Up

This is the real life account of a food mix-up saga that unfolded in our office and all the dorime that came with it.

It happened on Monday morning. Mike, rushing to avoid getting to the office late, quickly grabbed the black nylon containing his food and took off without checking what was packaged for him. Can somebody play Dorime track 1?

On arriving at the office, Mike proceeded to the cafeteria and dropped his food, so eager to start the day’s work that he still didn’t check to see what had been packaged in the black nylon. DJ please play Dorime track 2

As the day went by, Francis, the office assistant, went out to buy lunch for some colleagues. Mike later goes for lunch, picks up his food, finally checks it, sees one boiled egg. He thought it strange because he knew there was chicken at home but was just too hungry to care. He started eating and was almost done when…

Shayo, his colleague, walks in and starts looking for his food with Francis the office assistant. Mike didn’t pay too much attention until he heard “there was a boiled egg in the food.” The description of the food was so apt that it became obvious that Mike don chop person food o…

Upon investigation, Mike’s real food was found having chicken, fish and snail as protein. What sort of sorcery is this? Mike wondered!

Luckily for Mike, Shayo didn’t make a big deal out of it as it was the close of his shift. That’s how Iyanu, another colleague who was in the right place at the right time, ate free food!

Avoid transactional dorime with www.vtpass.com now.

Obi Cubana’s Rise: Lessons From Mum’s Burial

One of the hottest, most talked-about events in the Nigerian social circles right now has been Obi Cubana’s mum’s burial and nothing seems to be enough to kill Obi Cubana’s shine.

From the over 400 cows donated to the host, the $100,000 diamond pendant, 67 private jets that landed Oba to the fleet of over 500 luxury cars, the ceremony was as loud as loud can be. We followed this story closely and here are five lessons we gathered from it.

1. Nigerians can joke about anything.

Like, I’m not even sure we take even ourselves seriously anymore. This has to be the height. Somebody’s mother died and people were everywhere on social media saying “God when?” Seriously guys???

2. Invest in your social capital.

They said connect with people, you say no, you’re an introvert, you like your personal space, etc. Being rich in people is a thing, your network is your net-worth. If the sheer amount of cows donated and money sprayed/flung doesn’t change your mind, what will?

3. Make your own soap.

As usual, the whole saga had people saying “cut soap for us” and the likes. In an interview with bbc pidgin, Obi Cubana was asked to cut soap for Nigerians and he responded “dem no dey cut soap for anybody for dis world.” In other words, people, make your own soap o.

4. Work hard consistently.

Since soap cutting is out of it, working hard consistently is the next best thing out there then. Being excellent at what you do will not be enough, you will have to also be consistent with it. Hustle o, make your girlfriend no leave you go party for oba.

5. Nigerian scammers are creative.

All was well and good after the burial ceremony, until I got a dm from Obi Cubana asking for an airtel recharge to help make money fly in my household. Like, what???

Nigerians don’t joke when it concerns their money. Avoid scammers easily with www.vtpass.com, where you can buy airtime/data, subscribe GOtv, DStv, or Startimes, pay electricity bills, buy insurance or pay educational bills at the tap of a button.

You Are Mentally Exhausted

Are you mentally exhausted and don’t know it? There always exist periods where it seems you lose interest in working and develop what can be described as an apathy towards work. Someone could even say you’re being lazy or laidback towards work.

We’ll walk you through a quick test today to check if you’re dealing with exhaustion or you’re just really lazy.

1. You Don’t Feel Motivated.

Firstly, you don’t feel motivated. Not feeling motivated is not always a sign of laziness, it can actually be a pointer to emotional exhaustion sometimes which arises as a result of the fact that you have done so much brainwork without adequate rest.

2. You Can’t Focus Or Concentrate.

Secondly, you are losing focus. Are you finding it hard to concentrate on what needs to be done? If you find yourself getting distracted easily, it could be a pointer to the fact that you are stressed and it needs to be managed before it affects you at the workplace.

3. You Constantly Fantasize About Drastic Change

Thirdly, you’re in a fantasy world. Do you find yourself suddenly imagining what your life would look like if you won the lottery? Or if someone suddenly relocated you away from the country? Using such fantasies to escape your present reality is a pointer to emotional exhaustion.

4. Small Tasks Seem Overwhelming.

Similarly, when stressed or mentally exhausted, you suddenly begin to struggle with tasks that you naturally would execute. At this point, work seems like a big deal and you just need it all to stop so you can breathe.

5. Making Your Bill Payments Stresses You.

In conclusion, we know any little thing stresses you out when you’re exhausted, especially when it concerns money. That’s why with www.vtpass.com, you can buy airtime/data, subscribe GOtv, DStv, or Startimes, pay electricity bills, buy insurance or pay educational bills at the tap of a button. Above all, you eradicate stress!