Claims from life underwriters by relatives of armed forces and police personnel who lost their lives while curtailing the terror activities of the Boko Haram insurgents have risen significantly.
According to records made available to our correspondent on Thursday, between January 1 and June 30, 2013, relatives of the security officers filed for insurance claims to the tune of N1.5bn for their deceased breadwinners.
The figure, however, does not include the claims paid prior to the six-month period and those recorded after June 2013.
While the dependants of the deceased officers should ordinarily have been paid promptly, investigations revealed that the claims settlement was delayed because of the inability of the Federal Government to pay on time the premium on the Group Life Insurance Policy for the officers.
Beneficiaries will only begin to get their settlement this year because premium on the officers’ insurance cover for the 2013 financial period was only paid in January this year.
The amount outstanding for the six-month period was part of the records that the National Insurance Commission and the underwriters made available to the Office of the Accountant-General of the Federation and the Ministry of Finance.
