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Committee on compulsory group life to come on stream

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By Rosemary Onuoha

A joint Committee for strategic planning and implementation of the Compulsory Group Life Insurance in Nigeria is expected to be inaugurated very soon.

Membership of the Committee will include the National Insurance Commission, NAICOM; Nigeria Labour Congress, NLC; and the National Pension Commission, PENCOM to ensure greater efficiency and effectiveness.

This was the agreement of both NAICOM and the NLC when the Commissioner for Insurance and Chief Executive Officer, NAICOM, Mr. Fola Daniel led members of his top management on a working visit to the President of the NLC, Comrade Abdulwahed Omar at the Labour House, Abuja.

Daniel in his opening address said one of the cardinal functions of the Commission is the protection of existing and prospective insurance policy holders in the country.

He went further to enumerate the benefits inherent in the consumption of compulsory Group Life Insurance under the Pension Reform Act of 2004 and urged the NLC to ensure their members, especially at the State and Local Government levels are adequately insured by their employers.

The Insurance Commissioner seized the opportunity to commend the NLC President Comrade Abdulwahed Omar and his team for their role towards the successful resolution of the protracted ASUU strike in 2013.
Omar said the Congress will be more than willing to work in collaboration with NAICOM in sensitizing Nigeria workers and the general public on the benefit of insurance products. He suggested the setting up of a joint working committee for strategic planning and implementation to achieve desired success.

In attendance at the meeting were the Deputy President, NLC Comrade Kiri Mohammed (President, Civil Service Commission union), Comrade Igwe Achize (President NUPENG), Comrade Issa Aremu  Mni (Deputy President NLC), and a host of other top Council members of NLC.

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