NICON clarifies FG’s appointment to cover students

The management of NICON Insurance Limited has clarified that the Students Welfare Insurance Scheme being offered to students of Unity Schools is its intellectual property.

Senior Manager, Corporate Affairs NICON, Ade Adesokan stated in Lagos that the new scheme was presented to the Federal Ministry of Education before the insurance firm was appointed as the sole underwriter.

He added that the appointment of the company as sole underwriter was based on the recommendations of the Committee put in place by the Tenders Board of the Ministry where other insurance companies were screened.

His words, “Despite the fact the scheme is an intellectual property of NICON Insurance Limited, other insurance companies also participated actively before the company was finally appointed as the underwriter”.

“The committee also noted that it was only NICON Insurance Limited that has Regional and Branch Offices in all the 36 States of the Federation where the Unity Schools were presently located”.

“The Committee also affirmed that only NICON Insurance’s branch network that could access the Unity Schools all over the Federation within an hour.”

“For the avoidance of doubt, the scheme was packaged under the normal Group Life and Personal Accident insurance cover”, he stressed.

He explained that the scheme is aimed at bringing succour to students that may lose their parents or sponsors either through accident or by natural means. It was packaged for Students of 104 Unity Schools throughout the country, he stressed.

“The Students Welfare Insurance Scheme for Unity School

Source : Independent

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