In this week’s Octamile Insurance News RoundUp, a partnership between NIA and LASG Digitalise Compulsory Public Building Cover, Nigeria’s Military Health Management Limited has directed retired military personnel to enrol for NHIS and over 200,000 Osun residents register for health insurance. Read full details below.
Military Pensioners Urged to Enroll with National Health Insurance
The Managing Director, Military Health Management Limited (MHML), retired Rear. Adm. Azeez Afolayan has called on retired military personnel to properly enrol in the National Health Insurance Scheme (NHIS).
Afolayan made the call at a one-day parley with military veterans with the theme, “Strengthening Health Insurance Cover for the Military Veterans”, on Thursday in Abuja.
Alabi said the initiative was born out of the desire to ensure that the health of retired men and women was taken care of.
He urged participants to disseminate to their colleagues who had not enrolled to do so to benefit from the health package provided by the system.
NIA and LASG Digitalise Compulsory Public Building Liability Cover
Lagos State Safety Commission and the Nigeria Insurers Association (NIA) are working on the digitalisation of Compulsory insurance for the people of Lagos State for accessibility and affordability.
This product, driven digitally, will further reinforce the federal government’s law on compulsory insurance of public buildings and buildings under construction as provided in the 2003 Insurance Act.
Yetunde Ilori, Director-General, Nigerian Insurers Association, speaking at the stakeholders’ meeting on compulsory insurances for Lagos State held at Alausa, highlighted the rationale behind the NIA’s collaboration with the Lagos Safety Commission, which she said is to educate the people on the importance and benefits of insurance.
Ilori said Section 65 of the Insurance Act 2003 stipulates that public buildings must be adequately insured to cushion the impact and reduce the burden and liability on property owners or the government.
With a new collaboration between the Lagos State Safety Commission and the Nigerian Insurance Industry, public buildings in the state will now be required to have compulsory occupier’s liability insurance.
READ: Compulsory Builders Insurance: 3 Lessons from Ikoyi Building Collapse
206,659 Osun Residents Enrolled For Health Insurance
The Osun Health Insurance Agency (OSHIA) has revealed that 206,659 beneficiaries have been enrolled in the state’s health insurance scheme, reassuring the people of the state of its commitment to the provision and delivery of seamless services.
Addressing journalists in Osogbo, the Chairman of OSHIA Governing Board, Hon. Andrew Adeoye Adelakun disclosed that 206,659 beneficiaries had been enrolled in the scheme.
He said the figure does not include the 30,420 vulnerable persons from the Ministry of Youths and Sports and the Osun Waste Management Agency, saying that the agency is collaborating with concerned agencies in the state for effective service delivery.
Hon. Adeoye Adelakun urged the agency’s beneficiaries to report any act of discrimination against them by service providers immediately, saying the punitive measure will be taken against such health institutions accordingly.
Stakeholders Task Nigerians to Embrace Takaful Insurance
Academic scholars and practitioners in the insurance industry have charged Nigerians, including business owners, to consider embracing Takaful insurance. It remains the most viable and ethical insurance that offers enormous benefits to all members of society regardless of race, religion, ethnicity, or social status.
This was the submission echoed at the Takaful workshop organised by Noor Takaful Insurance Limited on Wednesday, March 16, 2022, in Kano.
The event themed: “Takaful insurance in an increasingly unstable and insecure world” featured renowned scholars in both the academia and the industry, some of whom include an Islamic cleric, Dr Bashir Umar, a former commissioner in NAICOM, Mr Mohammed Kari, Director, International Institute of Islamic Banking and Finance, (IIIBF), Bayero University, Kano, Professor Binta Jibril among others.
Delivering his welcome remarks, the Chairman, Noor Takaful Insurance Limited, Mr Muhtar Bakare, noted that the workshop is one of the numerous ways the company intends to engage the populace and create much-needed awareness about Takaful insurance.
African Alliance Pays N1.42bn Claims in First Two Months of 2022
African Alliance Insurance Plc has paid in the first two months of 2022, January and February, a total of N1.42 billion in claims.
“Broken down; we paid N268.14 million in Group Life claims; N248.79 million in Individual Life claims; N165 million in Takaful claims; Esusu took N8.77 million while Annuity was N726.18 million,” she said.
This is as the company restates its commitment to more robust and better business relationships with the Nigerian Council of Registered Insurance Brokers (NCRIB).
Joyce Ojemudia, the Managing Director/CEO, assured members of the South-South Area Committee of the NCRIB during their Members’ Evening sponsored by African Alliance Insurance Plc held in Port Harcourt.
Speaking at the event, Ojemudia said: “We do not take your support for granted, knowing well your critical role in our industry and being our longstanding partners in progress.