The Nigerian insurance coverage business, has paid for the Life Insurance coverage cowl worth of N11billion
being the sum assured for Insurance coverage Cowl for entrance line well being employees within the battle towards COVID-19.
The quilt, which is being supplied by the insurance coverage business comprising all Insurance coverage, Reinsurance and broking corporations, will cowl Medical doctors, Pharmacists, Nurses and different ancillary personnel and volunteers within the frontline of the battle towards the Virus.
Underneath the quilt introduced by the Presidential Job Power on COVID-19, the business is offering Life Insurance coverage for a most of 5000 frontline well being employees engaged by the Nigerian Centre for Illness Management throughout the thirty six (36) states of the federation and the Federal Capital Territory, Abuja.
The sector operators mentioned that is in success of the pledge made to the federal authorities by insurance coverage business leaders as a part of the business’s contribution to the battle towards coronavirus illness.
The premium of N112.5million, which is for one 12 months protection has been duly paid consistent with the extant regulation on Insurance coverage contracts particularly because it pertains to No Premium No Cowl.
The life insurance coverage coverage doc, titled COVID-19 Intervention Staff Life Insurance coverage Cowl detailing the extent of canopy and advantages payable beneath the coverage was earlier submitted to the Minister of Finance, Price range and Nationwide Planning. Mrs. Zainab Shamsuna Ahmed by the Appearing Commissioner for Insurance coverage, Mr. Sunday Thomas and formally handed over to the Chairman, Presidential Job Power on COVID-19, by a member of governing council of Nigerian Insurers Affiliation (NIA) Mrs. Folashade Joseph and President of the Nigerian Council of Registered Insurance coverage Brokers (NCRIB), Dr. Mrs. Bola Onigbogi within the presence of the finance Minister.
Talking on the insurance coverage protection, Director Common of Nigerian Insurers Affiliation (NIA) Mrs. Yetunde Ilori, mentioned it was a part of the insurance coverage business’s help to the federal authorities because the battle towards COVID-19 continues.
“This is part of the insurance industry’s support to the federal government as the search for a solution continues. There are other initiatives at the state level and the main idea is that the industry must join other stakeholders in this battle”.
“We thank the federal government for its faith in the Nigerian insurance market as exemplified by its wholehearted acceptance of the policy and to restate our support for other initiatives that will boost the morale of those in the frontline in the fight against this dreaded virus” she added.
Talking additional, she mentioned, “although the insurance programme is the initiative of the insurance industry which also funded premium payment for same, the industry is ever willing to contribute its quota towards the search for a solution to this disease and wish all stakeholders well as the search continues”
She known as on all stakeholders to help the federal government in order that the nation can defeat this virus.
“Let us support the government and observe all the safety protocols” she suggested.