COVID-19: N5bn insurance cover for health care workers, others in Lagos

A premium of N5 billion insurance scheme has been contributed to support Lagos State Health Care Workers and Volunteers.

The contributors are Leadway Assurance Company Limited, Custodian & Allied Insurance Plc, Lasaco Assurance Plc, AIICO Insurance Plc, Tangerine Life Insurance Limited and Ark Insurance Brokers Limited.

The contribution was made in view of the roles played by workers and volunteer caregivers in the fight against COVID-19 pandemic.

In support of this, Hon. H.A.B. Fasinro of Fenchurch Group assembled a team of leaders in the Insurance industry that will, in partnership with Lagos State Government, help with the practical solution of providing medical, disability/incapacity and term life insurance cover for up to 1000 healthcare workers and volunteers who are in the front line in the fight against COVID-19 in Lagos State.

The following Chief Executives signed up through their companies to support the initiative:

1. Mr. Tunde Hassan-Odukale: Leadway Assurance Company Limited
2. Mr. Wole Oshin: Custodian & Allied Insurance Plc
3. Mr. Segun Balogun: Lasaco Assurance Plc
4. Mr. Babatunde Fajemirokun: AIICO Insurance Plc
5. Mr. Livingstone Magorimbo: Tangerine Life Insurance Limited
6. Mr. Kayode Awogboro: Ark Insurance Brokers Limited

They are all “Proudly Nigerian” companies who have collectively agreed and shall bear the cost of all premiums to make available a pool of funds of up to N5 billion to settle all valid claims.

The coverage of the policies will be limited to inpatient hospital cash and life insurance cover for healthcare workers and volunteers in Lagos State.

The partnership with the Lagos State Government will contribute towards the effort being made by the state in the fight against the COVID-19 pandemic.

The organizations commended the bravery and appreciate the selfless services of the doctors, nurses and all the health and essential service workers who have been working tirelessly to help combat the epidemic.