9 Aug 2013

Brokers Call For Life Insurance For Firms, Individuals

The Nigerian Council of Registered Insurance Brokers has emphasised on the need for corporate bodies and individuals to embrace group life insurance which is designed to reduce impact of shock related with sudden death.


NCRIB said this as it joined other notable Nigerians and associations to commiserate with the Nigerian Union of Journalists over the demise of three journalists that were involved in a fatal accident along Ibadan-Ilesha road last week.

The Council in a letter of commiseration signed by its President, Barrister Laide Osijo lamented that the death of the journalists had created a great vacuum in news and information dissemination in Nigeria.  According to Osijo, the unfortunate accident is another call to the authorities to accelerate infrastructural development in the country, especially in the area of roads and safety management.

She further opined that “a time like this also underscores the need for individuals and associations to appreciate the endemic risks that surround human existence and the need to put in place risk management devices, of which insurance is cardinal, to mitigate losses to lives or materials when they occur”.

The NCRIB President particularly advised professional and trade associations to take full advantage of Group Life insurance policies for the protection of their members against unforeseen circumstances that may lead to death or physical incapacitation of their members.

Last weekend, the Nigeria Union of Journalists (NUJ) was in shock over the death of three journalists in a fatal motor accident in Ilesa, Osun State. About 10 other journalists were said to have been seriously wounded in the unfortunate accident on their way back to Lagos from Abuja where they had attended a national conference.

The journalists who died in the Osun crash were Adolphus Okonkwo,  NUJ National Financial Secretary; Tunde Oluwanaike, Chairman of the Radio Nigeria Ibadan Network Chapel and Kafayat Odunsi of the Nigeria Television Authority (NTA), Tejuosho, Lagos.

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