PROTOCOL
On behalf of the Governing Board, Management
and Staff of the National Insurance Commission, (NAICOM) let me congratulate
you on your well-deserved appointment as the Head of Service of the Federation
by His Excellency, President Goodluck Ebele Jonathan, GCFR. We pray for enduring
health as you continue to render quality service to the nation.
I
want to sincerely appreciate the Head of Service for this opportunity to meet
and discuss on a subject matter that is in tandem with your quest to improve
the working condition of the Nigerian working masses – the Group Life Insurance
Scheme.
The
purpose of our presence here this morning is to see to the enhancement of the
partnership that already exist between the insurance industry and the Office of
Head of Service in the continuing implementation of the Pension Reform Act 2014
as it relates to compulsory Group Life Insurance scheme for employees of
the federal government. (As contained in section 4 subsections 5 of the PENCOM
Act) While we appreciate the HOS for the success achieved so far in the
implementation of this section of the law, it is imperative to inform you 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.
These
are issues we hope the HOS will look into to ensure continued success of the
scheme for the overall benefit of the federal workers.
Let
me also add that as adviser to government on insurance matters, we will advise
that the HOS also look into the issue of insurance of Federal Government Assets
and property. Insurance of public buildings and buildings under construction
are made compulsory under the insurance Act of 2003. It is therefore imperative
that all government buildings which fall under public buildings are adequately
insured to guard against loss of property and scarce financial resources in the
event of any disaster.
Once
again, I say congratulations on your appointment and thank you for accepting to
see us even at short notice despite your very tight schedule.
Rt.
Hon. Chibudom Nwuche,
OFR
Chairman, Governing Board,
NAICOM
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