By Samuel
The Nigerian Agricultural Insurance Corporation (NAIC) has assured farmers under its scheme of adequate support, following the destruction of farmlands by ravaging floods in parts of the country.
The Corporation’s Managing Director, Mrs. Folashade Joseph, gave the assurance during an interview with the Guardian.
Mrs. Joseph noted that insured farmers would only need to make a report to the Corporation before it swings into action.
She said, “Did the affected farmers insure their farms? If the answer to this question is yes, then they have nothing to fear.
“All they need to do is report their losses, first verbally through phone call and then in writing within the given time so that NAIC can visit the farm to confirm their losses and possibly suggest ways of curbing further losses in the immediate and in the future.
“NAIC would then swing into action to adjust the claims as soon as all necessary documents have been forwarded to the corporation by affected farmers or their agents.”
The DG reiterated the Corporation’s commitment to mitigating losses accrued by the insured farmers, while urging stakeholders to encourage the farmers to leverage the insurance scheme.
According to her, NAIC has paid about N2 billion as compensation to victims of such incidences, under its insurance scheme, in the last five years.
She however noted that claims by the insured farmers have to be genuine, in order to receive a swift response.
“In line with the corporation’s policy of prompt settlement of claims, it takes a maximum of 14 days to pay genuine claims if complete documents are made available to the NAIC by the farmers or their agents. Some claims take less,” she explained.
