Coronavirus COVID-19: The National Insurance Commission (NAICOM) says the insurance industry pays an confident sum of Three Million Naira (3,000,000) every to families of scientific doctors, who die whilst preventing COVID-19.
Mr Sunday Thomas, the Acting Commissioner for Insurance, NAICOM, made the disclosure in Abuja, Nigeria’s capital city.
The file became supplied to the Presidential Task Force on COVID-19.
Thomas said that families of nurses and pharmacists who also died in active provider might be paid Two Million Naira (N2,000,000) every, whilst households of other medical experts might get One Million Naira (N1,000,000) respectively.
The performing commissioner said the gesture became below the coverage cover offered by the insurance industry to five medical experts on the front-line for the combat in opposition to COVID-19.
Thomas stated the coverage cowl might be for a length of one year with impact from April 14.
He stated that the top rate of N112.5 million for the duvet were paid with the aid of the coverage enterprise in line with the principle of ‘No Premium, No Cover’.
According to him, 19 life insurance businesses were authorized to provide the duvet.
“The Nigerian Insurance Industry is offering to the Federal Government its assistance in presenting life coverage cover for the front line workers on COVID-19.
“In occasion of any fatality, the relevant groups of government will immediately recommend the lead underwriter – First Bank of Nigeria Insurance Ltd., who will make request for relevant documents needed for fee of the claim.
“The anticipated legal responsibility of the insuring groups is N11 billion.
“The Life Insurance Policy that’s the evidence of the agreement is hereby presented to the Chairman, Presidential Task Force on COVID- 19 thru the Minister of Finance, Budget and National Planning,”
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