₦airaland Forum

MrMcJay:
I don't think they are entitled to 10% of the entire sum to

Are they processing the deceased person's ENTITLEMENTS or they are claiming to help process the LETTER OF ADMINISTRATION? They are 2 different things o.

Tell them to put what they want to collect in writing. If it's illegal, they won't agree to put it in writing.

I really appreciate your response. Thank you

Please I need the advise of insurance experts in the house. My late uncle's PFA was AIICO pensions and his wife was told that she is required to pay 10% of the entire claim to the government before she can have access to the pension funds. The question is; Is this the normal procedure? Is the 10% charge legal?
The issue now is, they said she has to pay up the amount first before they can proceed. Can anyone explain this to me please?

Seun,
Lalasticlala,
Mynd44,

Please this is a serious issue, can you help move it to where we can get advise.

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.

please i need your advise. My late dad's insurance broker was AIICO pensions and they claim that we have to pay 10% of the entire claim to the government, it that right? is that 10% deduction legal? if it's not, what can i do? I am very confused now. Where do I get the amount they are asking for? What can I do?

Ok, that's fine. What about all the people hitting the streets everyday like IDPs looking for food? What are the governor's plan for them after the ban on okada and keke?

Well manipulating facebook info is not difficult at all. Nice try

The government always lies

How can I unsee the first picture

Would you want her to speak with him behind you? If you don't like it, then tell her you don't like it, set boundaries in your relationship, have dos and don'ts for both of you.
You guys need to stop carrying relationships on your head. She's not your wife yet, don't kill yourself with hypertension because of the activities of a girl who's bride price you haven't paid. Smh

That's not him. I don't think it is.

Clout chaser

You did the right thing... Don't honor any of her invitations again.

Low self esteem... Hmmm.

Listen to VeeCato - This Life is a Beach ft MacAnthonyKing on @MinoMusicApp

https://my.notjustok.com/track/428520/veecato-this-life-is-a-beach-ft-macanthonyking#.XhhQ-N7kfh8.whatsapp

Great track by my very good friend. Worth listening to. Listen and share

Lalasticlala

Slawormir:
Damnnnnn niggarrr

May their soul rest in peace
Imagine the victims are mostly Iranians
And most people still feel say na Iran bring down that plane

I think it's called collateral damage

HappenStone:
Your attitude is FINE!

Your BF is used to sweeping ladies off their feet with his personality, the fact that he doesn't have that effect on you deeply unsettled him.

You're smart...

It means just make a decision and stand by it.

Well-done...Jamb. Post Utme chairman. If you don't trust her enough, don't take anything to any level.

themaestro08:
so two adult who decide to engage in consensual sex are doing a sinister act.

Wao! Oshe holiest man ever

You should learn to read and comprehend what has been written before rushing in to comment. Now, go back to the the op and read up, then come back to read my comment.

Your subconscious is trying to protect you from something sinister. Pay attention.

Honestly, when certain storms of life hit you, keeping your faith in God becomes the hardest thing to do. Especially when the storm persists for a prolonged period of time. May God help us.

Someone said; in Jos, even the Sun is wearing sweater...

Iran is definitely no match for the US, but maybe Iran has a Trump card...pun intended..lol.

Lol.. If it really works, it won't be on social media.

Don't worry, you're definitely somebody's specs. I have a friend whom you will be perfect for. Oga no want big boob's or ass, make she just set like you.

Don't worry, just meditate on it long enough with plenty of concentration, she will certainly come your way. Just that you have to also accommodate the baggage that may come with her too. She may be a bossy, controlling, disrespectful, high tasting and stubborn lady. She will be the head of the house and her family will turn you to their house boy. But Of course, you should know all these because she has the money, also she can revoke your authority and turn you to the house husband...

She knows that it's a textbook way of becoming popular. Works everytime

Agugbadin:
Nigerians seeing your post will rush to that country and spoil it with drugs the way they spoiled South Africa

Hahahaha... Bro. I think everyone deserves a shot at getting a good life.

If a system really works, you wouldn't find it on social media except of course you are the commodity that's been sold.

funmisticqueen:
fact of life, money changes both men and women because it comes with control. It's human nature

Your wife is not emasculating you, you are just losing control of the power and finances in the family. Do you know how much BS women tolerate from men in marriages because he earns more?

Uncle, go and hustle or give your pants over to your wife and stop complaining

You lack wisdom. It's very sad.

Onyi22:
This nonsense should end this year ooooooo

I'm surprised you are also complaining, considering your dp, I'd say that she is your role model...

Marathon sex? Bloggers and sensational headlines.