General, Insurance News in Nigeria

NANS To Drag Insurance Firms To FG Over Failure To Pay Entitlements

NANS

The National Association of Nigerian Students () has lamented the untimely demise of its members nationwide and said, no effort has been made by the company in charge to pay claims to the families of the deceased.

It further bemoaned the inability of the company saddled with the responsibility of paying compensation to families of students who lost their lives as a result of illness or the ghastly accident despite the exorbitant rate charged for policy.

also called on management of tertiary institutions in the country to wake up to their responsibility or be held responsible for the liability..

NANS president, Comrade Royce Odoh Ochai, who stated this while briefing journalists in Jos threatened to called on intervention if stringent measures are not taken to correct the abnormality.

He noted that the secretariat of NANS is a coglomeration of all the student union presidents of all tertiary institutions in Nigeria, saddled with the responsibility of championing the course of a better welfare for Nigerian students and that it will not allow anything that will trample on the rights and privileges of students.

According to him “We have watched with keen interest the recent happenings on our campuses, most especially the high rate at which we lost our beloved student(s) through accident and sickness.

“It is a very sad development that virtually all campuses in Nigeria, both federal and state institutions, ranging from monotechnics, polytechnics, colleges of educations and universities receives huge amount of money from Nigerian students compulsorily for the purpose of insurance, but it is highly disappointing that such fee are not being used for what they are meant for.

“We lost many of our students of recent and it is so disheartened that even at the exorbitant rate we paid for Insurance policy, the management of institution cannot compel these unseen insurance brokers to pay claims or benefits to the victims of this untimely death.

“The leadership of NANS shall henceforth take the bull by the horn as we shall not hesitate to demand compensation(s) from the school management to the families of the victims if such occurs, or better still we shall demand that the school management produce the insurance company in charge.”

 

 

 

 

Source: Leadership

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