Staff At Threat As Authorities Delays Insurance coverage Premium Fee

0
136

The Federal Authorities could have been tacitly telling its employees that they’re “on their very own” because it delays in renewing the Group Life Insurance coverage Coverage (GLIP), with N15 billion price of claims alleged to have been misplaced.

Months after GLIP cowl expired, insurance coverage operators have been calling on the federal government to resume the premium to guard the lives of over 89,000 civil servants in opposition to industrial hazards within the workplace.

Group life insurance coverage is undertaken by the Federal Authorities via the Workplace of Head of Civil Service of the Federation on behalf of the civil servants for his or her safety in opposition to unexpected circumstances, corresponding to dying and disabilities related to industrial hazards, whereas in lively service.

In the meantime, investigations revealed that the Federal Authorities nonetheless owed about N2.1 billion, amounting to 38 per cent as excellent premium for 2017 Group Life Cowl of its employees throughout the nation.

The GLIP, recognised as a method of offering social welfare within the nation, had since its graduation, been marred with premium defaults, making it not possible for the beneficiaries to grasp its full advantages.

By the phrases of the operations of GLIP, premium needs to be renewed on a yearly foundation, because the lapse of the coverage portends hazard for civil servants- kinfolk of employees who died throughout such intervals are normally not paid by the underwriting corporations.

The Chairman of the Nigerian Labour Congress (NLC), Lagos State Chapter, Comrade Adelakun Idowu, in an interview with The Guardian, over the weekend, blamed federal authorities for not renewing the coverage, which has been expired since April this 12 months.

In accordance with him, it’s fairly unlucky that we do not have authorities that may hold to it guarantees with agitations.

He stated that authorities has refused to resume its cowl that had expired, despite the fact that, a number of lots of of federal employees have died inside this timeframe and insurance coverage corporations can not compensate the deceased households due to No Premium, No Cowl Coverage by the Nationwide Insurance coverage Fee (NAICOM).

Idowu warned that by the point they’re finished with the minimal wage mass rally in January, 2019, they shall come again to ask the federal government why the GLIP of employees are but to be renewed and believed the NLC would pursue the matter to logical conclusion.

A number of the operators who additionally spoke to The Guardian expressed fear that the delays and inconsistencies within the cost of the yearly premium by the federal government had continued to depart many dependants with none type of compensation.

In accordance with them, dying claims price over N15 billion can’t be paid to kinfolk of deceased employees in periods when insurance coverage premiums weren’t paid.

“Nevertheless, the implication is that the dependants of employees who died when premium had not been paid won’t have something to say from the insurance coverage corporations, besides the Federal Authorities decides to make a separate package deal for them,” an operator stated.

The operators stated they needed to adjust to the “No Premium, No Cowl” regulation, stating that insurance coverage cowl may solely begin when the premium had been paid.

Part four (5) of the Pension Reform Act (PRA) 2014 states that “each employers (FG) shall preserve a bunch life insurance coverage coverage in favour of every worker for no less than thrice the annual whole emolument of the worker and premium shall be paid not later than the date of graduation.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here