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Apr 2014 Mutual Benefits has reported a turnover of 1 million NGA (6 268 USD) per month thanks to its microinsurance activity.
The company, which offers products tailored to the needs of low-income consumers, is planning to design 35 new insurance policies by the end of the year, a move that is likely to increase the penetration rate of microinsurance nationwide. Mutual Benefits has already sold 70 000 new policies in 2013.