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Home Lagos News

Deceased Lagos Workers Get N365m Life Insurance

by Idonosan Debe
August 4, 2021
in Lagos News
2 min read
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Deceased Lagos Workers Get N365m Life Insurance
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No fewer than 159 deceased workers of the Lagos State Government have been given N365 million via their relatives, by the LASACO Assurance Plc. 

The late workers were with the State Universal Basic Education Board (SUBEB) and Local Governments in Lagos State.

The Commissioner for Local Government and Community Affairs, Wale Ahmed, while presenting the cheques at the Ministry of Local Government and Community Affairs, in Alausa, Ikeja to families of the deceased, stated that the governmnent cares for the living and the dead.

Ahmed, who was represented by the Permanent Secretary, Morenike Sanyaolu, said the government has shown priority to the welfare of its staff.

He appealed to the beneficiaries to ensure that the money was judiciously used to take care of the children of the deceased to become responsible in the society.”

The Managing Director, LASACO Assurance, Razzaq Abiodun, said the state government had been committed to paying premiums promptly.

He added that the disbursement of the money to the beneficiaries had been possible because the state government had remained consistent in the payment of premiums.

Abiodun noted that the underwriting firm  had, over the years,  continued to be prompt and responsible in paying the benefits to the beneficiaries of deceased workers, adding that it had paid over N3 billion to beneficiaries.

He said the programme had been on since 2009 and was done twice  yearly.

“This is the first tranche in the year. We expect the second one in either September or October all things being equal,’’ he said.

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Tags: Deceased Lagos workersLASACO Assurance PlcLife insuranceSUBEB
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