The surplus distribution was presented on Wednesday, 13 November 2024, during the second edition of the African Takaful and Non-Interest Finance conference held at Lagos Oriental Hotel, Lagos.
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The conference was well attended by industry practitioners, relevant stakeholders, international insurance experts, brokers, agents, and the media, among others. Delivering his remarks at the event, the Managing Director of Noor Takaful Insurance Limited, Rilwan Sunmonu, disclosed that since the company’s inception of surplus distribution in 2018, more than 5,000 participants have received surplus, totaling more than N400 million.
Highlighting the decision to present Surplus to participants through a digital transfer simulation—marking a significant shift from the traditional use of dummy cheques—he statedthat the new approach is a demonstration of its commitment to innovation and efficiency, which is geared towards delivering seamless experiences to participants.
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