The Nigerian Council of Registered Insurance Brokers (NCRIB) has urged State Governors to urgently review the law relating to general public insurance considering the spate of fire incidents at various markets and petrol tankers accidents across the country recently.
NCRIB’s President, Ayodapo Shoderu, who spoke against the backdrop of recent fire outbreak in Idimu where many buildings and shops were consumed by the fire ignited by a fallen petrol-laden tanker, enjoined the Governors to also consider adequate insurance policy to cover such incidences.
He said rather than dipping hands into government coffers to compensate victims of unfortunate incidents thereby depleting the nation’s wealth, insurance professionals should be allowed to bear the burden of compensation, through adequate insurance cover.
On the upward review of the Group Life Insurance scheme for officers of the Nigeria Police in Lagos state, the NCRIB boss commended the Governor of Lagos State, Akinwunmi Ambode, saying the initiative is a step in a right direction, as it would encourage crime control and make the state safe for habitation and business growth.
Shoderu noted that the initiative was an indication that the governor appreciates the services being rendered by the security personnel, including the police, urging the governor should not relent, but extend the same gesture to other employees of the state, as well as back it up with prompt payment of premium.
According to him, the scheme which was introduced by the state government 16 years ago to complement the Federal Government’s contributory pension scheme, to cover death and permanent disability of the police would ensure that their dependants live normal life in the event of death or permanent disability of their breadwinners.