NAICOM tasks FG to comply with compulsory insurance laws The National Insurance Commission (NAICOM) has called on the Head of Service of the Federation (HOS), Danladi Kifasi, to ensure that the federal workers are adequately protected by the compulsory Group Life Insurance cover and make sure that the government complies with all the compulsory insurance laws in the country. The Chairman, Governing Board of NAICOM, Hon. Chibudom Nwuche, made this call on Tuesday when he led the management of the Commission pay a courtesy call on the HOS in Abuja. Hon. Nwuche expressed the appreciation of the Commission to the HOS for the success achieved so far in the implementation of the Pension Reform Act of 2014 as it relates to the Group Life Insurance scheme for federal workers. He, however, noted that “the scheme has not operated without some challenges. These challenges range from availability of adequate data for proper administration, timely notification of claims and submission of supporting documents and appropriate pricing of the risk”. He also requested the HOS to also look into the issue of insurances of federal government’ assets and property; noting that the insurance of public buildings under which government buildings fall, is compulsory under the Insurance Act of 2003 and NAICOM Act of 1997. Commissioner for Insurance and chief Executive of NAICOM, Fola Daniel, informed the HOS that the insurance industry is prepared to undertake the training of scheduled staff of the OHOSF, especially the officers involved with the management of the scheme to ensure realisation of the set objectives of the scheme.
Posted on: Wed, 03 Sep 2014 10:01:41 +0000
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