The Nigerian Agricultural Insurance Corporation (NAIC) has paid N464 million claims in the first quarter of the year to its insured farmers across the country.
In statement, its Managing Director, Mrs. Folashade Joseph said prompt payment of claims has always been the cardinal principle of NAIC.
She stated that NAIC was established by the Federal Government to shield farmers from the adverse effects of natural disasters.
As a responsible player in the agric insurance space, we, at NAIC, believe that prompt payment of claims is the ultimate goal of any insurance business.
The corporation provides insurance cover to all categories of operators, whether small, medium or large scale across the agricultural value chain, she added.