Politics

Lasaco Assurance pays N353m claims to deceased Lagos staff’ households

Lasaco Assurance Plc has paid N353m as insurance coverage claims to the beneficiaries of 128 deceased native authorities and State Universal Basic Education Board workers in Lagos State.

In an announcement on Wednesday, Lasaco Assurance mentioned, “Under the leadership of Governor Babajide Sanwo-Olu, the Lagos State Government demonstrated its commitment to the well-being of local government staff in collaboration with Lasaco Assurance Plc by approving the disbursement of N353m as insurance benefits to 128 beneficiaries of the deceased staff.”

During the current presentation of cheques to the beneficiaries, held in Ikeja, Lagos, the Commissioner for Local Government, Chieftaincy Affairs, and Rural Development, Mr Bolaji Robert, highlighted the federal government’s efforts to prioritise the welfare of its workforce.

He talked about that over the previous 12 months, the ministry disbursed N391m to 264 beneficiaries of native authorities employees and SUBEB, demonstrating the federal government’s constant dedication.

The Permanent Secretary, Ministry of Local Government, Chieftaincy Affairs, Mrs Kikelomo Bolarinwa, additionally recommended Lasaco Assurance and Haggai Insurance Brokers for his or her accountability and diligent efforts in guaranteeing the seamless distribution of the insurance coverage advantages to the beneficiaries.

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One of the beneficiaries, Mrs Matilda Mnakwe, expressed gratitude for the assist and affirmed that the funds could be used correctly.

The Managing Director of Lasaco Assurance, Mr Razzaq Abiodun, recommended the federal government for its steady cost of insurance coverage advantages to its workers, emphasising that the agency remained dedicated to offering monetary safety and peace of thoughts to its clients.

Meanwhile, the Federal Government has been urged to all the time be sure that insurance policies on the administration of pension funds in the end translate into monetary safety for civil servants after retirement.

This recommendation was shared by some civil servants from the southwest zone of the nation underneath the aegis of the Association of Senior Civil Servants of Nigeria Nigerian Navy, at a seminar, tagged ‘Pension Fund Administration and Retirees Benefits.’

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