21 June 2012

Nigeria: Firm Unveils N5 Million Insurance Cover for Corps Members

Lagos — NEM Insurance has introduced an Insurance Scheme for members of the National Youth Service Corps (NYSC). It will fetch a total of N5 million to the family of corps member who dies or suffers permanent disability as a result of accident during service or N500, 000 as treatment of medical injury plus free emergency evacuation to any hospital of choice in the country.

According to NEM Insurance Plc, the technical partner of the scheme, the policy will cover peculiar risks to serving Corpers ranging from medical expenses to motorcycling, riot, strike, civil commotion and accidents from amateur sporting activities.

Unveiling the scheme in Lagos yesterday, the General Manager and Head of Operation of NEM Insurance, Mr. Alani Olojede explained that the medical expenses as contained in the policy covers medical, surgical and hospital expenses which include operation fees, cost of medicine, surgical appliances and hospital or nursing home charges.

On motorcycling, air and sea accidents, Olojede said the policy applies to bodily injury sustain with the use of pedal cycle or motor-scooter, speed boat, canoes or racing of any kind while the policy extended to cover injury caused by or resulting from riot, strike and civil commotion but not civil war, rebellion, evolution, conspiracy or usurped power.

National Deputy President of Nigerian Association of Road Transport Workers Owners (NARTO) that initiated the scheme, Chief Ayoola Sadiku said it was to assist serving Corpers to happily serve Nigeria and to give succor to family of any Corper that may lose his or her life during a serving year.

He enjoined Federal, State and Local Government across the country to buy in the vision of the scheme by taking policies for corps members who are their indigenes and those serving within their states.

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