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Investment / Re: How Pension Managers Are Cheating Nigerians by Blessed200016: 11:01pm On Jul 02, 2020
livewithpurpose:


As at December 2019 it was 76.
Thks but I learnt 78
Properties / Re: Please How Can I Retrieve My Late Dad's Pension From Ibtc by Blessed200016: 11:45am On Jul 02, 2020
Pls anyone with an idea of what batch of death benefits (Gratuity) pencom paid last ?

It's urgent
Family / Re: Who Owns Death Benefits? Deceased's Wife And Children Or Extended Families? by Blessed200016: 11:42am On Jul 02, 2020
Pls anyone with an idea of what batch of death benefits (Gratuity) pencom paid last ?

It's urgent pls
Investment / Re: How Pension Managers Are Cheating Nigerians by Blessed200016: 11:39am On Jul 02, 2020
frioslegend02:


FREQUENTLY ASKED QUESTIONS ON GROUP LIFE ASSURANCE SCHEME
1. What does the Pension Reform Act say about Life Insurance?

Section 9(3) of the Act makes it mandatory for every Employer (including the Federal Government and all its Agencies) to maintain Life Insurance Policy in favour of the employee for a minimum of three times the annual emolument of the employee.

2. What is a Life Assurance Policy?

Life Assurance is a contract arranged between an Insurance Company and the Policy holder (known as the assured) which provides benefits for the Next-of-Kin or dependents of the assured, upon the death of the assured as a result of natural or other causes covered.

3. What is Group Life Assurance (GLA)?

The Insurance Policy for employees is usually arranged on a group basis whereby all employees are covered under a Group Life Insurance contract. In the event of death of any of the employees covered under the Group Life Policy, the Insurance Company makes payment in respect of the deceased employee.

4. Who pays for the Insurance Policy?

The Employer bears fully, the cost of the Insurance Policy.

5. What constitutes the Group Life Assurance Benefit?

The beneficiary of the deceased is entitled to three (3) times the Gross Annual Total Emolument of the deceased Officer.

6. When did this Scheme take effect?

The Group Life Assurance Scheme for Federal Government Employees took effect from 1st July, 2004

7. What are the categories of Federal Employees Covered by this Scheme?

All employees of the Federal Government in Ministries, Departments and Agencies, including Paramilitary and the Intelligence Community.

8. Who is qualified to benefit from Group Life Assurance Scheme?

Federal Government employees who died whilst in service or in the case of missing persons (presumed dead after a year from the date declared by a Board of Inquiry set up by the National Pension Commission) are qualified to benefit from the Scheme.

9. What happens if Government does not procure Cover for Federal Government Employees?

In cases where Government fails to procure Insurance Cover for Federal Government Employees, such periods are referred to as “Backlog” period and all claims that fall under this period are referred to the Office of the Head of the Civil Service of the Federation (OHCSF) for processing and settlement.

10. What are the periods of Cover since inception? The following periods are the periods when Insurance Companies were appointed to provide Group Life Insurance Cover for Federal Government Employees:

⦁ 1st January 2008 – 31st December, 2008

⦁ 1st March, 2010 – 31st March, 2011

⦁ 1st April, 2011 – 31st December, 2011

⦁ 1st January, 2012 – 31st December, 2012

⦁ 24th December, 2013 – 23rd December, 2014

⦁ 13th August, 2015 – 12th August, 2016

⦁ 20th April, 2017 – 19th April, 2018

11. Who is responsible for the settlement of claims under the Periods of Cover?

Insurance Companies and Brokers are appointed by the Federal Government and thereafter assigned to Ministries, Departments and Agencies (MDAs) to provide Insurance Cover for the Employees of those MDAs. It is their responsibility to process and settle death claims that occur in their assigned MDA

12. What are the periods since inception for which no Insurance Cover was procured?

⦁ 1st July, 2004 – 31st December, 2007

⦁ 1st January, 2009 – 28th February, 2010

⦁ 1st January, 2013 – 23rd December, 2013

⦁ 24th December, 2014 – 12th August, 2015

⦁ 13th August, 2016 – 19th April, 2017

⦁ 20th April, 2018 – date

13. How are Insurance Companies and Brokers selected to handle the Scheme?

The Office of the Head of Civil Service of the Federation advertises for Prequalification of interested Insurance Companies and Brokers to participate in the Scheme. The process of Selection of credible Insurance Companies and Brokers are carried out in line with the Public Procurement Act, 2007.

14. How is Group Life Assurance death claim processed?

For deceased Officers whose death claims fall under the period of Insurance Cover, the Pension/Insurance Desk Officer of the deceased’s MDA is required to immediately notify the appointed Insurance Broker of the demise of any Officer in their MDA for necessary documentation and processing of claims
In addition to the notification, the Desk Officer is required to forward a duly completed Death Notification Form (DNF) in respect of each deceased Officer with relevant documents attached as provided on the DNF duly signed by the Director Human Resources Management of the deceased Officer’s MDA.

15. What are the documents required for processing of the death claims?

⦁ Evidence of death/burial Issued by Imam or Pastor

⦁ Certificate of registration of death

⦁ Police report (if death is by accident)

⦁ Burial warrant issued by Local Government Council

⦁ Certificate of death/cause of death

⦁ Copy of Obituary poster (if any)

⦁ Declaration of Wish/Evidence of nomination of next-of-kin

⦁ Letter of Administration

⦁ 3 months payslip preceding the date of death`

16. Can an Employer deduct any outstanding debts of the employee from the benefits payable in the event of death?

The Employer does not have the right to make any deduction from the benefit payable. The total amount of benefits must be paid in full.

17. How long does it take for claims to be paid under the circumstances below, to Next-of-Kins or Dependents of deceased Officers? Benefits?

When there is Insurance Cover, Claims notified, with complete documentation are processed and settled within One (1) month of receipt of such request by the Insurance Company.

When there is no Insurance Cover (Backlog Period)
Claims are processed within 5 days of notification by the Office of the Head of the Civil Service of the Federation and inputed into the Database, waiting to be paid as soon as funds are released by the Federal Ministry of Finance, on a first come first serve basis.
Pls anyone with an idea of what batch of death benefits (Gratuity) pencom paid last ?

It's urgent pls
Investment / Re: How Pension Managers Are Cheating Nigerians by Blessed200016: 11:36am On Jul 02, 2020
livewithpurpose:
Hmmm....Group life insurance shouldn't take too long.

My late dad worked with the Federal Government and died in 2017. I applied for the group life insurance in May and got everything paid in August (PENCOM is the only one delaying and that's because of Accrued rights, but I already know his batch). I didn't use anyone or have to pay anyone a dime. Ask your questions here and I'll be happy to assist.
Pls do u have an idea of what batch of death benefits (Gratuity) pencom paid last ?

It's urgent pls
Business / Re: How Can I Collect My Late Dads Pension From Stanbic IBTC by Blessed200016: 11:35am On Jul 02, 2020
Pls anyone with an idea of what batch of death benefits (Gratuity) pencom paid last ?

It's urgent pls
Nairaland / General / Re: Please How Can This Death Benefit Be Handled by Blessed200016: 11:34am On Jul 02, 2020
Pls anyone with an idea of what batch of death benefits (Gratuity) pencom paid last ?

It's urgent pls
Investment / Re: Let's Help A Widow: Difference Between Insurance Benefit And Death Benefit by Blessed200016: 11:34am On Jul 02, 2020
Pls anyone with an idea of what batch of death benefits (Gratuity) pencom paid last ?

It's urgent pls
Career / Re: How Are Death Benefits Paid In Nigeria? by Blessed200016: 11:32am On Jul 02, 2020
Pls anyone with an idea of what batch of death benefits Pencom paid last ?

It's urgent pls
Romance / Re: Ladies, Do I Ask My Boyfriend For Money Before Or After Sex? by Blessed200016: 8:54pm On Sep 30, 2018
khiaa:


You shouldn't have to ask your woman for sex, just create the mood and make her desire you and let it happen naturally. wink
how do I make her desire me
Romance / Re: Ladies, Do I Ask My Boyfriend For Money Before Or After Sex? by Blessed200016: 11:33am On Sep 30, 2018
khiaa:
Asking your man for money shouldn't have anything to do with having sex or not having sex. Why do you even equate money with sex, it makes you sound like a prostitute? You really make your relationship sound dirty. If you need money just ask him for it. undecided
in other words can a guy ask for sex fr his girlfriend too blatantly?

1 Like

Politics / Re: Abia Civil Servants Lay Curses On Ikpeazu Over Non-payment Of 9months Salary by Blessed200016: 5:25pm On Sep 27, 2018
Igbo Amaka
Politics / Re: Man Sleeping During Osun Election Results Announcement By INEC by Blessed200016: 6:44pm On Sep 23, 2018
patogist:
I would have put paper in his mouth if I was there with him.
like the way u do put it in ur pupsy mouth.. If u get one sef
Politics / Re: How APC Is On Its Way To Losing Osun Despite Heavy Arsenal by Blessed200016: 6:15pm On Sep 23, 2018
Solely because APC doesn't want to use the heavy Arsenal
Politics / Re: INEC Statement On The Osun Governorship Election (Photos) by Blessed200016: 6:10pm On Sep 23, 2018
thatigboman:
Thursday 27 Sept, 2018 will be a day APC will never forget in a hurry. The implosion that will occur in the occultic party after then will spell their demise.
A party in power both in state and federal. And an unknown man, who was rejected in APC when his brother died is now their eternal nemesis. 9 governors and tinubu camped in osogbo since forever. All they could do was to make their rigged osogbo LG result travel from the moon to osogbo and announced last.
I'm sure buhari and tinubu will bown their heads in shame and cry tonight.





Forget brag, if APC wanna rig....they gonna
Politics / Re: Osun 2018 Governorship Election Results From Polling Units & Wards (unofficial) by Blessed200016: 4:07am On Sep 23, 2018
OPTIMUSPRIME08:
I think you need to go and sleep with that your chinko phone
If u can't wait for the final result before causing nuisance here
naso losers they always behave. I might share u WiFi if u didn't mind..... #teamAPC.... u might use Gbongan road river

1 Like

Politics / Re: Osun 2018 Governorship Election Results From Polling Units & Wards (unofficial) by Blessed200016: 4:05am On Sep 23, 2018
3millionia:


Mo ni PDP ti win, haa
ka maa wo then

1 Like

Politics / Re: Osun 2018 Governorship Election Results From Polling Units & Wards (unofficial) by Blessed200016: 4:00am On Sep 23, 2018
3millionia:



My brother PDP ti win
egbon mi after final results gonna quote u
Politics / Re: Osun 2018 Governorship Election Results From Polling Units & Wards (unofficial) by Blessed200016: 3:57am On Sep 23, 2018
Team APC

Politics / Re: Osun 2018 Governorship Election Results From Polling Units & Wards (unofficial) by Blessed200016: 3:52am On Sep 23, 2018
Live vote counting currently aired on Tvc news
Politics / Re: Osun Governorship Election 2018: Live Updates, Results Monitoring And Reporting by Blessed200016: 3:55pm On Sep 22, 2018
yomi96:
una don start with this una disjointed and fabricated results again. Well na for only nairaland APC go fit win
boss biq pls. Do u ever think PDP can win Osun.... it's a mirage

3 Likes 1 Share

Politics / Re: Osun Elections: Ademola Adeleke Casts His Vote (PHOTOS) by Blessed200016: 10:05am On Sep 22, 2018
If Adeleke enter (win), na toilet
Politics / Re: Osun Governorship Election 2018: Live Updates, Results Monitoring And Reporting by Blessed200016: 9:02am On Sep 22, 2018
While I was serving (NYSC) sibling to a room mate of mine need to undergo a kidney transplant. This man Gboyega Oyetola single handedly fast track the processes whc later went successful courtesy of Government he represent.

Therefore, APC to the sky

14 Likes 1 Share

Romance / Re: The Highest Amount To Spend On A Girl For First Date Should Be ₦3k–facebook User by Blessed200016: 10:41pm On Sep 18, 2018
chiommy123:
if you're not prepared why ask her out not overspending but at least make yourselves comfortable and enjoy your outing
and which rule says a man must pay
Politics / Re: Edirin Okoloko Appointed As Judge In Washington, USA by Blessed200016: 8:43am On Sep 14, 2018
nwakibie3:
IGBO AMAKA JARE grin grin
ur caption comment still rep Yorubas. Yoruba ni mi
Crime / Re: Police Uncover Human Trafficking Training Home In Delta by Blessed200016: 8:05am On Sep 12, 2018
Homeboiy:



you lack comprehension

or is your brain paining you?

Ejiro who hauls from oghara

meaning she's isoko
hv I written anything bad why so in pain
Crime / Re: Police Uncover Human Trafficking Training Home In Delta by Blessed200016: 10:43pm On Sep 11, 2018
Igbo Amaka

1 Like

Jobs/Vacancies / Re: Dear 2017 Beneficiaries we are working on validating your deployment and entries by Blessed200016: 7:46am On Sep 10, 2018
npowerng:


After the validation process, payment would commence.

Thanks for your patience.
I thought my question is direct. Yes or No - 17th? This is direct
Celebrities / Re: I Want To F*ck You - South African Lady Tells Wizkid Has She Posts Her Nudes by Blessed200016: 11:08pm On Sep 09, 2018
ritylove:
Many are mad but few are choosen....it takes a great deal of madness to be amongs the choosen so continue with the madness.
u're so beautiful

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