ILAN to provide group life insurance as welfare benefits for members

President Institute of Loss Adjusters of Nigeria, Oladiipo Olanrewaju at the event.

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Chuks Udo Okonta

The Institute of Loss Adjusters of Nigeria (ILAN) has disclosed plans to provide a robust life insurance welfare package for its members.

The President of ILAN Oladiipo Olanrewaju, said this at the institute’s 41st Annual General Meeting (AGM) yesterday in Lagos, adding that the package would be one of the legacies his administration would bequeath on members.

He noted that the institute had not done much in the area of welfare, stressing that however, the Insurance welfare package proposed for ILAN members is still much under consideration.

He submitted that the committee, set up for the purpose, has received some quotes from selected insurance companies for a life insurance policy, adding that the advantages of having the policy for members are many.

He maintained that apart from the fact that it would relief members of contributions each time a member dies or is incapacitated, the immediate family of the affected member will also receive succour for financial needs from the policy.

Members joining the President Institute of Loss Adjusters of Nigeria, Oladiipo Olanrewaju in cutting his birthday cake at the event.

He said the institute has realised the need to keep records of newer adjusters in the Industry for good order, proper planning and development, adding that unfortunately, the Institute has no record of staff of member firms especially the list of adjusters engaged in each firms. “We are making efforts to change this, nonetheless, whilst we are interested in admitting prospective members, external and internal, it is important to state that we will not compromise the standard of admission set by the Institute,” he posited.

Members at the event.

Olanrewaju assured ILAN members of the Governing Council’s continuous dedication in building the image of the institute for the interest of everyone, adding that his administration shall achieve its objectives by determination to produce resounding success in all aspects that members would all be proud of.

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