EKO NEWS

Lagos Govt Holds Workshop On Insurance Benefits

Published

3 years ago

Feb 2, 2022.

Lagos Govt Holds Workshop On Insurance Benefits

EKO HOT BLOG reports that as part of efforts to address challenges associated with accessing insurance claims by staff and family members of deceased government officials, the Insurance Department of the Lagos State Ministry of Finance has held a sensitisation workshop for officers from selected MDAs on how to address grey areas in the payment of insurance benefits.

Speaking at the commencement of the training programme organised for officers from some Ministries, Departments and Agencies (MDAs), the Permanent Secretary, Ministry of Finance, Temitope Hundogan, said Lagos State Government has a mandatory insurance policy in place as stipulated by the law for all civil servants.

Hundogan, represented by the Director of Insurance in the Ministry, Yusuff Akintunde, said the programme is aimed at assisting civil servants to acquire all necessary information required for them or their family members to have access to insurance benefits without much stress in case of any eventualities.

He said: “Lagos State has made adequate provision for the insurance of its workforce. The State is paying billions of Naira annually as insurance premium on Group Life and Group Personal Accident Insurance to cater for its workforce in case of accidents or event of death”.

The Permanent Secretary, however, encouraged civil servants to update their next-of-kin records in the course of their careers to avoid problems on retirement, stressing that a next of kin is different from a beneficiary, as such, officers should constantly review their records to reflect new status for seamless claims.

“There is a need for civil servants to also consult with the appointed broker attached to their MDAs for necessary technical advice on insurance matters”, Hundogan added.

Also speaking, Gbenga Oluwole of the Department of Insurance in the Ministry, explained that the State government has put in place an appropriate insurance policy for every member of its workforce in case of Death, Injuries, or Disabilities from an accident while on official duty.

He said: “Immediately an accident occurs, a letter of notification should be written to the Permanent Secretary, Ministry of Finance, through the staff’s MDA, for further processing”.

Oluwole emphasised that it is imperative to complete a standardised form known as “Death Benefit Nomination Form”, showing the beneficiaries and sharing formula in percentage given to them while in active service.

“Your broker is also mandated to follow-up your duly filed claims with the Ministry of Finance (Insurance Department) to ensure speedy processing,” he said.

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