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Insurance Watch: Nigeria Police Request To Pull Out Of FG Insurance, Seeks Alternatives

Ugodre Obi-chukwu by Ugodre Obi-chukwu
June 14, 2013
in Uncategorized
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NIGERIAN POLICE

 

The Nigeria Police Force has pulled out of the group life insurance scheme initiated by the Federal Government for all its workers. It is, instead, seeking approval to have a separate policy solely for its officers and men.

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Current security challenges in the country, which have made the police to continue to record heavy casualties, and forced the authorities to consider taking special insurance covers for the officers and men outside of the one being provided by the Head of Service of the Federation for federal workers, investigations have revealed.

Sources disclosed to our correspondent that the police authorities had successfully lobbied the Federal Government to create a special insurance scheme for the officers and men because of the need to get adequate compensation since the force had been making the highest claims from insurance companies as a result of the death of its personnel.

The NPF has, therefore, opted out of the group life insurance scheme for federal workers, which has been fraught with delays in premium payments.

 

Police pull out of FG insurance scheme

Tags: Financial ServicesNews ReviewNigeria
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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