The Nigerian Council of Registered Insurance Brokers (NCRIB), has said that the Federal Government has paid the 2020 Group Life Insurance for all Federal Government workers in full.
The Vice President of the Council, Mr. Tunde Oguntade, made the disclosure to members of the National Association of Insurance and Pension Correspondents (NAIPCO) shortly after their 2020 Annual General Meeting (AGM) in Lagos.
He said: “The 2020 group life is off the schedule because full premium has been paid on the account for the current year, there’sno lapse in cover at the moment.”
Oguntade who represented the NCRIB President, Dr (Mrs) Bola Onigbogi, at the event also called on Federal Government to engage the services of the registered insurance brokers in order to toss out the risk of contract failures.
He said government’s failure to engage insurance Brokers in it’s insurance arrangement was the cause of the hiccups, stating that the Council will continue to engage the government on the need for them to always engage the services of the brokers.
“On government contracts what we are trying to do at NCRIB is to talk to ministers through our liaison committee and leadership that the contract failure could be doused if brokers are involved in those contacts. Of course, all those contracts failures will not be there because, contracts failures are sometimes premeditated and they do not want to listen to us,” he stated.
On the issue of deepening insurance under the current pandemic, he said there are several ways that can be done, through online, personal visit and referrals. He said visit would become ideal when other ways are bounced. The fact that I want to see someone physically is that I wish to convince the person that I have the skill, I have tried to get to you through technology, people have tried to make impact for me to meet you but to no avail, let me now put my face to the picture so that you will be able to see. When you see people going to the market, it doesn’t mean that they do not have technology,” he added
On application of technology in their operation, Mr Oguntade said what NCRIB has done is to ensure that all its members are ICT savvy.
“What we have done in the NCRIB is that you cannot be a member without being information and communication technology (ICT) savvy. NCRIB has moved from manual to digital. Very soon renewal this year will be by the portal. Our members are well trained. You cannot say somebody is a Broker without being technology savvy. NCRIB is in tune with what the government is doing and we are in tune with what is happening in the outside world. You should expect more from the NCRIB, “ he said.
Also speaking at the event, NCRIB’s Executive Secretary, Mr Fatal Adegbenro, said in the area of government contacts, the Council is in very close contact with government agencies, informing them on the need to engage the services of the registered insurance Brokers. He noted the Council’s collaborative relationship between with the National Insurance Commission (NAICOM) to make sure that fake brokers are eliminated in the system.