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NARTO launches first Corpers’ insurance scheme


The leadership of the Nigeria Association of Road Transport Owners (NARTO) has launched the ever first corps members’ insurance scheme for Group Personal Accident (GPA) as part of their corporate social responsibility to the society in Lagos.

Addressing a press conference to announce the birth of the scheme, National President of the association, Alhaji Kasim Ibrahim Mataya disclosed that “the scheme which is in partnership with  NEM Insurance PLC is to cover all form of accidents on your way to camp and throughout the service year.”

The President, who was represented by the Executive Secretary of the Association, Mr. Emmanuel H. Gowon said “The decision to introduce the scheme is borne out of the recent experience in our national life whereby members of the NYSC have been exposed to various life threatening hazards in the course of observing their mandatory service year.”

According to him, the scheme, which he described as voluntary was not within the purview of the NYSC authorities, stating however that “The scheme has been acknowledged by the NYSC management based on its lofty philosophy and goals.”

The insurance benefits, he explained “is highly subsidized by NARTO in furtherance of its corporate social responsibilities,” adding that “the insurance premium payable by each subscribing corps member is just N5,000 per service year.”

While breaking down the scheme’s areas of coverage, the NARTO boss revealed that accidental death would attract N5m, treatment for injuries N.5m, permanent disability as a result of accident N5m among others.

He therefore enjoined government across the three tiers to buy into the vision of the scheme by taking policies for corps members who were their indigenes and those serving within their states and local governments just as he urged corporate bodies also to extend the scope of their social responsibilities by taking the advantage of the policy for corps members on primary assignments in their various organisations.

Present at the conference were representatives of the Federal Road Safety Corps (FRSC), NEM Insurance General Manager (Operations) Mr. Alani Olojede and the Managing Director, Securetechnik, Mr. Tunji Olaosun, who is the Claims Administrator for the scheme among other dignitaries.

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