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COVID-19: Leadway, AIICO, 4 others put together N5bn insurance cover for Lagos health workers

A coalition of six insurance companies in Nigeria Saturday announced an insurance cover of N5billion for health workers and volunteers in the frontline against coronavirus in Lagos State.

The premium, according to a statement signed by the Chief Executive Officers of the insurance firms, covers medical, disability, incapacity and term life insurance for up to 1000 doctors, nurses, and other health workers in the state.

Lagos, regarded as the epicenter of the coronavirus pandemic, has over 100 cases of the disease, according to the Nigeria Centre for Disease Control (NCDC).

The Chief Executive Officers are – Tunde Hassan-Odukale (Leadway Assurance Company Limited), Wole Oshin (Custodian & Allied Insurance Plc), Segun Balogun (Lasaco Assurance Plc), Babatunde Fajemirokun (AIICO Insurance Plc), Livingstone Magorimbo (Tangerine Life Insurance Limited), and Kayode Awogboro (Ark Insurance Brokers Limited).

The statement read: “(We) have collectively agreed and shall bear the cost of all premiums to make available a pool of funds of up to five billion Naira to settle all valid claims by healthcare workers and volunteers in Lagos State.

READ ALSO: Nigerian govt seeks NASS approval for N500bn coronavirus Intervention Fund

“We would like to take this opportunity to commend the bravery and appreciate the selfless services of our doctors, nurses and all the health and essential service workers who are working tirelessly to help combat this epidemic.”

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