97 Lagos Deceased Workers’ Families Get N190m Insurance Benefits
Segun James
Lasaco Assurance Plc has presented over N190 million death benefits to families of 97 deceased staff of both Lagos State Universal Basic Education and Local Government and Community Affairs.
In the public presentation chaired by the Special Assistant to the Lagos State Governor on Local Government and Community Affairs, Mr. Kayode Robert, appreciated Lasaco for consistency in handling the Group Life Scheme over the years.
The Managing Director of Lasaco Assurance, Mr Razzaq Abiodun, traced the genesis of the group life scheme for the civil and public servants in Lagos State to the administration of former Lagos State Governor who is now the president-elect of Nigeria.
He confirmed that Lasaco had paid almost N3 billion as death benefits to the beneficiaries of 1,356 deceased staff since 2017, that they began public presentation of death benefits on the particular scheme.
Abiodun, used the opportunity to praise the state government for prompt payment of premiums, noting that there were few state governments committed to insurance on a consistency basis.
He also admonished beneficiaries to arrange personal insurance policies beyond the ones provided by the employers of labour since they have now seen the benefit of insurance.
Roberts also emphasised the benefit of continuity of good governance. He noted that succeeding administrations had maintained the legacy of good welfare package for the living and the dead that Tinubu started.
The Permanent Secretary, Lagos State Ministry of Local Government and Community Affairs, thanked Lasaco and Haggai Insurance Brokers for ensuring that families of the deceased staff were guided on documentation required for smooth administration of the scheme over the years.
The Chairman of SUBEB in the state, Alawiye King, represented by the Director, Pension, advised beneficiaries to judiciously utilise the death benefits.
The beneficiaries and their family members were full of praises to Lasaco Insurance and the government of Lagos State for the provision of financial succor to the dependents of the deceased.
