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See The Only Four States That Have Insurance Cover For Workers by gateleo(m): 7:44am On Mar 25, 2018 |
Only four states in the country have complied with the compulsory Group Life Insurance Policy, which is stipulated in the Pension Reform Act. According to figures obtained by our correspondent from the National Pension Commission on Friday, only Lagos, Niger, Osun and Rivers states have complied with the GLIP as of the end of September 2017. The commission added that the four states were also funding the Retirement Savings Accounts of their workers under the Contributory Pension Scheme. The Lagos State Head of Service, Mrs. Folashade Adesoye, had said the insurance welfare package was part of the staff welfare programmes provided by the state government for Lagos State public service workers. She added that the package also involved group personal accident insurance, motor accident insurance, property liability and marine insurance, as well as coverage for government’s properties. Adesoye said, “The primary policy objective of the payment of insurance death benefits is, therefore, essentially for the funds to serve as succour for the immediate families, dependants and other beneficiaries of the deceased. “It is the hope and expectation of government that the immediate needs of feeding, clothing, school fees, house rent, transport, medicals and general family well-being would be substantially addressed (even if not totally) in the period between the demise of the family’s breadwinner, the release of his entitlements and the institution of more permanent support structures.” The GLIP emanates from the Pension Reform Act, which states, “Employers shall maintain life insurance policy in favour of the employee for a minimum of three times the annual total emolument of the employee.” Findings under the GLIP of the Federal Government reveal that relatives of many deceased public employees may not be entitled to any form of insurance claims because of the consistent delay by the government in paying premiums on the cover to the underwriting firms. Some operators, who spoke with our correspondent, said they had to comply with the ‘no premium, no cover’ regulation of the National Insurance Commission stipulating that insurance cover could only commence when the premium had been paid. This implies that the dependants of workers, who died when premium had not been paid, will not have anything to claim from the insurance companies, except the Federal Government decides to make a separate package for them. http://punchng.com/only-four-states-have-insurance-cover-for-workers/ 1 Like 2 Shares |
Re: See The Only Four States That Have Insurance Cover For Workers by Nobody: 8:04am On Mar 25, 2018 |
Only four states out of 36, this country still has a long way to go 3 Likes 1 Share |
Re: See The Only Four States That Have Insurance Cover For Workers by Deltayankeeboi: 8:04am On Mar 25, 2018 |
EvilChild:YOUR OXYGEN DEFICIENT BRAIN IS CLEARLY A BIGGER SCAM THAN RELIGION COS YOUR BRAIN IS JUST PLAYING WITH YOUR REASONING MAKING YOU THINK YOU HAVE SENSE WHILE YOU ACTUALLY DON'T 22 Likes |
Re: See The Only Four States That Have Insurance Cover For Workers by tociano009(m): 8:04am On Mar 25, 2018 |
bbbb |
Re: See The Only Four States That Have Insurance Cover For Workers by EvilChild: 8:05am On Mar 25, 2018 |
Religion is the biggest scam on earth. Adeboye omo oloja Oyedepo omo oloja Otobolizer wire wire Oyakhilome omo ologo 9 Likes 2 Shares |
Re: See The Only Four States That Have Insurance Cover For Workers by stefanweeks: 8:05am On Mar 25, 2018 |
Well then They need insurance in the North more than anywhere else. |
Re: See The Only Four States That Have Insurance Cover For Workers by allanphash7(m): 8:06am On Mar 25, 2018 |
Even naija no get insurance |
Re: See The Only Four States That Have Insurance Cover For Workers by Nobody: 8:08am On Mar 25, 2018 |
skarlett:has no where to go. Long way my foot 2 Likes |
Re: See The Only Four States That Have Insurance Cover For Workers by Lanre4uonly(m): 8:08am On Mar 25, 2018 |
This is bad. |
Re: See The Only Four States That Have Insurance Cover For Workers by Nobody: 8:08am On Mar 25, 2018 |
Another addition to recurrent expenditure. Group life insurance cost as much as 200k yearly. . Insurance for staff who create zero or no value |
Re: See The Only Four States That Have Insurance Cover For Workers by jerrybakermillz(m): 8:09am On Mar 25, 2018 |
Hmmm.....The number was hype moor, I believe the number should have been two but we all know that the Nigeria insurance commission is forming to be active |
Re: See The Only Four States That Have Insurance Cover For Workers by Rencent(m): 8:10am On Mar 25, 2018 |
Bad |
Re: See The Only Four States That Have Insurance Cover For Workers by Histrings08(m): 8:10am On Mar 25, 2018 |
I know lagos will be there... 1 Like |
Re: See The Only Four States That Have Insurance Cover For Workers by Olachase(m): 8:11am On Mar 25, 2018 |
jannisesl:you know wetin day do you so no wonder SARS day burst una, so if I want to order now and I say face to face na so I go take arrest you, guy u no fit leave for Malaysia you go Don die since |
Re: See The Only Four States That Have Insurance Cover For Workers by hemucology(m): 8:14am On Mar 25, 2018 |
Osun my state oooooooo Thank Aregbesola 5 Likes |
Re: See The Only Four States That Have Insurance Cover For Workers by Lalas247(f): 8:15am On Mar 25, 2018 |
Lagos must feature |
Re: See The Only Four States That Have Insurance Cover For Workers by oyetunder(m): 8:16am On Mar 25, 2018 |
Insurance...we like to talk and behave like others who are ready to grow. Insurance in a country without jobs |
Re: See The Only Four States That Have Insurance Cover For Workers by debolayinka(m): 8:16am On Mar 25, 2018 |
Insurance cover should be given to productive workers only. |
Re: See The Only Four States That Have Insurance Cover For Workers by ogunsbanjul(m): 8:16am On Mar 25, 2018 |
Even Osun state that some people use to insult the innocent governor. This is serious. What of my brother Fayose state? Hunnnnn just making my contribution oooo 13 Likes 1 Share |
Re: See The Only Four States That Have Insurance Cover For Workers by Omololu2121: 8:18am On Mar 25, 2018 |
gateleo:h |
Re: See The Only Four States That Have Insurance Cover For Workers by Horlaidex(m): 8:19am On Mar 25, 2018 |
Olachase:. What if he's a ripper? 1 Like |
Re: See The Only Four States That Have Insurance Cover For Workers by NabeelAbu: 8:21am On Mar 25, 2018 |
So Ogun State is not there. Thanks Osun is there. 4 Likes |
Re: See The Only Four States That Have Insurance Cover For Workers by ibkgab001: 8:25am On Mar 25, 2018 |
OSUN always in a wrong league |
Re: See The Only Four States That Have Insurance Cover For Workers by Penalty82(m): 8:25am On Mar 25, 2018 |
NabeelAbu: Insurance cover for workers without salary is nonsense. |
Re: See The Only Four States That Have Insurance Cover For Workers by Samusu(m): 8:28am On Mar 25, 2018 |
Shiithole da gaskiye |
Re: See The Only Four States That Have Insurance Cover For Workers by free2ryhme: 9:09am On Mar 25, 2018 |
gateleo: Many states in Nigeria are civil service state nothing productive in terms of human capital development |
Re: See The Only Four States That Have Insurance Cover For Workers by malware: 9:21am On Mar 25, 2018 |
stefanweeks: Must you always talk about the North, even in cases where the word North is not entirely mentioned? Is the North your greatest nightmare? Give it some break dude.... Deal with more important things in your life, if you have any. |
Re: See The Only Four States That Have Insurance Cover For Workers by abadiru: 9:29am On Mar 25, 2018 |
Is it corporate slavery or individual nonsense? "American accent for a job" in Nigeria soil. Let's wake up and promote ourself for us to grow.We can't grow by throwing away all good things about our nation to embrace foreign substandard cultures. noupzy: |
Re: See The Only Four States That Have Insurance Cover For Workers by Sunbellar: 9:36am On Mar 25, 2018 |
EvilChild:EvilChild |
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