Insurance

Workers in 32 states are without group life insurance – PenCom

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Efekoha

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Chuks Udo Okonta

The National Pension Commission (PenCom) said 32 out of the 36 states in the nation are yet to initiate group life insurance for their workers.

According to the commission, only Lagos, Osun, Rivers and Niger states had commenced implementation of the scheme.

PenCom noted that in line with its implementation plan of the contributory pension scheme, a 12 to 18 months roadmap has been developed for the engagement of labour unions; state employees; state government officials and other stakeholders, to positively influence state compliance.

It maintained that to ensure smooth implementation of the action plans in the roadmap, technical supports and guidance would continue to be given to all states in the area of actuarial valuation; employment verification; evolving valuable funding plans for implementation of the contributory scheme; registration of employees and information and technology integration.

PenCom stressed that it has held engagement meetings with the Head of Service and Labour Unions of Enugu; Imo; Akwa-Ibom and River States in this regard.

It said implementation meeting was also held with the executive Secretary of the Zamfara State Pension Board and recently with Gombe State Government.

Worried by the poor implementation of the compulsory insurances, the newly elected Chairman of the Nigerian Insurers Association (NIA), Eddie Efekoha, had vowed to ensure that all compulsory insurances are enforced.

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