THISDAY

Mutual Benefit Presents Claims Cheque to Family of Deceased Journalist

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Stories by Ebere Nwoji Mutual Benefit Assurance plc recently presented a cheque of N1.2 million to the family of a deceased journalist and a member of Finance Correspond­ents Associatio­n of Nigeria (FICAN) Mr. Nat Amogu, a staff of Nigerian Pilot Newspapers who died after a brief illness.

The cheque, which was received on behalf of the deceased family by the chairman of FICAN Mr. Babajide Komolafe with other executive members of the associatio­n was in fulfillmen­t of a recent life insurance contract between Mutual Benefit Assurance and FICAN members.

Presenting the cheque to the associatio­n, Group Managing Director of Mutual Benefit Assurance Mr. Akin Ogunbiyi urged Nigerians to see insurance as a necessity and the best form of planning against financial crisis.

He said insurance is the only scheme that could better one’s life when the unexpected happens, adding that insurance works and has come of age in Nigeria.

According to him,it is a sign of moral irresponsi­bility for anyone not to provide insurance cover for his family, adding that even the Bible recommende­d such provision.

He said the N1.2 million cheque covers both medical expenses and death claims for the deceased.

Also, Managing Director of Mutual Benefit life Assurance Mr. Femi Asenuga said the hallmark of a good underwriti­ng firm is in the speed of settlement of obligation­s.

He noted that it was not quite long Mutual Benefit entered into the life insurance contract with FICAN before the death occurred, pointing out that the speedy settlement of the claims shows that Mutual Benefit is a company to rely on.

According to him, it is a proof not only that Mutual Benefit is trusted and dependable also a sign that insurance works in Nigeria.

He commended FICAN executives for their proactive steps in putting in place the life insurance scheme for its members adding that death is loss of person and value in terms of family bread winner.

He said with prompt payment of claims attitude of many underwriti­ng firms, Nigerians now have no reason for not taking insurance cover.

In his response FICAN Charman Babajide said the promptness in payment of the claims by Mutual Benefit exceeded the expectatio­n of the associatio­n.

He said entering into the insurance contract on behalf of the FICAN members was informed by the determinat­ion of the executive members that anything that will better the lots of their members is worth doing.

Furthermor­e, He said it took the associatio­n a long time to arrive at the decision because of the general belief that insurance does not pay claims.

Describing the company’s response to the claims as a swift one, the FICAN Chairman advised the company to keep the flag flying adding that it was sowing a good seed.

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