Insurance

COVID-19: Unaccredited health workers not covered in insurance sector N11bn palliative – NAICOM

Thomas

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Chuks Udo Okonta

Health workers that are not accredited by the Government in the fight against COVID-19 pandemic are not cover in the N11 billion free life cover offered by the insurance industry, the Acting Commissioner for Insurance, Sunday Thomas, has said.

Thomas said this yesterday during an interview with a television presenter, stressing that the cover is meant for health workers that the insurance industry is sure of and can identify through government agencies saddled with responsibilities to tackle the pandemic.

“You cannot provide for those you do not know. Essentially I know that these ones are committed to government efforts, therefore, part of our responsibility as industry is to support the government.

“For those that are unknown that are working with the private sector, probably, when they come around a different arrangement can be made for them. The ones we are dealing with right now are the ones we are sure of and can identify those they are working for,” he said.

The insurance sector collectively and individually, amongst other numerous palliatives have supported the Federal Government by providing N11 billion life insurance cover to a maximum of 5000 frontline health workers employed in the fight against COVID-19.

The cover will enable families or named beneficiary of any medical doctor that dies in the line of duty to claim N3 million; Pharmacists/Nurses N2 million and others N1 million.

The premium which is in the sum of N112,500,000 for the cover has been fully paid by the Nigerian Insurance Industry in line with the principle of No Premium No Cover, stressing that a total of 19 Life Insurance companies have been accredited to provide the Cover.

According to insurance operators, the cover is for a period of 12 months effective April 14, 2020 and that in event of any fatality, the relevant agencies of government will immediately advise the lead Underwriter – FBNInsurance Limited who will make request for relevant documents needed for payment of the claim.

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