Efekoha
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Chuks Udo Okonta
The Nigerian Insurers Association (NIA) is reaching out to states in the south-west for adoption of group life insurance for their workers.
Its Director-General Sunday Thomas, to Inspen that the association will be having a meeting on the issue with the Osun State government, adding that the campaign will cut across Ogun; Oyo; Osun; Ondo and Ekiti.
He noted that the present economic challenges necessitate the urgency for states to embrace group life, stressing that it is no longer fashionable for states to own risks, as many of them are faced with the challenge of paucity of funds.
According to the National Pension Commission (PenCom) only 32 out of the 36 states in the nation have initiate group life insurance for their workers.
According to the commission, only Lagos, Osun, Rivers and Niger states had commenced implementation of the scheme.
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.
