FG pays N13.6bn to 6,184 NoKs of Uninsured Police Offers, Police incorporates its own Insurance Company

Speaking at a press conference where the cheques were presented at Force Headquarters, Abuja, on Thursday, the Inspector General of Police, Alkali Baba Usman explained that lack of funds had hampered the federal government from funding the Group Life Assurance Scheme meant for police officers and this led to a backlog of unpaid insurance claims from 2012 to 2020.

Baba explained that, “It should be noted that the Group Life Assurance Scheme which was introduced as a result of the Pension Reform Act 2004 and amended in 2014, and the Group Personal Accident Insurance Scheme are welfare packages fully funded by the federal government for personnel of the Nigeria Police Force (NPF).

“However, due to paucity of funds, the federal government could not fund the schemes successfully and this created gaps that led to a backlog of unpaid insurance claims from 2012 to 2020.

“On my assumption of office in April, 2021, my attention was drawn to this development. Consequently, an urgent representation was made to Mr President, Muhammadu Buhari, requesting for the release of funds to enable us to pay all outstanding claims to the families of deceased police officers.”

“It was with great relief that Mr President appreciated my representation and graciously approved the release of the sum of N13,628,535,580 to pay the backlog of a total of 6,184 personnel that had previously fallen under the uninsured/uncovered periods of Group Life Assurance and Group Personal Accident Insurance Scheme, covering from the years 2012 to 2020.

The top cop, who sympathised with the families, urged them to judiciously utilise the funds in training their children, saying they should rest assured that the force under his leadership would continue to do more in advancing their welfare and that of serving personnel.

He added, “It is in furtherance to this that following my approval. The Nigeria Police Force has incorporated the Nigeria Police Insurance Company. As soon as the practice license is granted, the company will be solely responsible for all insurance related issues concerning the Force.

“It should be noted that the Nigeria Police institution is the single largest agency in this country for purpose of insurance contributions, yet, we have not been maximizing this strength as it has been third party insurance companies that have been responsible for processing our claims. With this initiative we will be wholly responsible for our insurance needs and it is my conviction that this will ease the insurance processing of personnel.”

Support PensionNigeria financially with N1,000 per Month HERE, or with any amount HERE
Empower us to do more independent analysis of the Pension Industry in Nigeria


Subscribe to PensionNigeria Daily News Broadcast on WhatsApp, just send “Subscribe” to 08160052802, PLEASE ensure you also save 08160052802 to your contacts as “PensionNigeria” to enable you receive the PensionNigeria News Broadcast.

Subscribe to PensionNigeria Daily Newsletter and get Today’s Top Pension News delivered straight into your email box every Evening.
If you have subscribed before and you still do not receive our Newsletter, please check your “Spam Folder”, if you find our Newsletter there, mark it as “NOT SPAM” or move it to your Inbox

Pension is Your Right,
An Insurance for Old Age
Follow PensionNigeria on Social Media LinkedIn Twitter Instagram Facebook YouTube

error: Content is protected.