By Omobola Toolu-Kusimo

 

President Muhammadu Buhari has permitted the appointment of Sunday Thomas because the substantive Commissioner for Insurance coverage/Chief Government Officer (CEO), Nationwide Insurance coverage Fee (NAICOM).

This was made recognized in an announcement dated Might 2 and signed by the Particular Adviser, Media and Communications to the Minister of Finance, Price range and Nationwide Planning, Yunusa Tanko Abdullahi.

Thomas changed Mohammed Kari, who has been Performing Commissioner since July, final yr

Thomas, who has over 30 years’ expertise within the business as an operator and regulator, was appointed Deputy Commissioner, Technical by President Buhari in April 2017.

He was the previous Director-Common (DG) of the Nigerian Insurers Affiliation (NIA) in 2010.

In the meantime, operators within the insurance coverage business have clarified that the N11 billion insurance coverage profit supplied for frontline well being employees preventing Covid-19 by the business lately, is a further profit to the necessary Group Life Insurance coverage Cowl secured for workers by their employers.

This follows issues by some individuals who assume the duvet shouldn’t be  sufficient for the frontline employees.

Director-Common, Nigeria Insurers Affiliation, Mrs Yetunde Ilori in an announcement stated the coverage is complimentary to current advantages.

 

She defined that the business paid a premium of N112.5 million to safe the life insurance coverage coverage doc, “COVID-19 Intervention Staff Life Insurance coverage Cowl” for the employees.

She stated: “We’re able to cowl 5000 well being employees in all, out of which 1000 are docs, 1500 nurses and pharmacies whereas 2500 are different employees and volunteers, together with drivers, cook dinner, cleaners, and gatemen.

“The coverage covers Covid-19 centres underneath the Nigerian Centre for Illness Management (NCDC) throughout the nation and different accredited centres by the NCDC. Anyone we’re paying has to return underneath NCDC as a result of our assist is for the Federal Authorities,” she added.

Shortly earlier than his appointment, Thomas had said that the primary port of name for stakeholders within the business was to take a look at their enterprise and see areas the place they may assist the federal government.

Thomas, who reiterated that the business coverage for well being employees on the frontline is an  further profit, added that the well being employees have an current insurance coverage coverage mandated by the Pension Reform Act 2014 (PRA).

He stated the Federal Authorities, the employer of the well being employees on the frontline, had paid for the Group Life Coverage.

He stated states have been meant to have in place the Group Life Coverage for the employees.

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