Six Insurance companies provide N5bn cover to support Lagos Health Workers


Leadway Assurance Company Limited, Custodian & Allied Insurance Plc, Lasaco Assurance Plc, AllCO Insurance Plc, Tangerine Life Insurance Limited & Ark Insurance Brokers Limited will provide cover for a N5 billion insurance scheme to support Lagos State Health Care workers and volunteers.

Health workers and volunteer caregivers continue to play an invaluable frontline role in fighting the COVID-19 pandemic. In support of this, Hon. H A B Fasinro of Fenchurch Group has assembled a team of leaders in the Insurance industry that will, in partnership with Lagos State Government, help with the practical solution of providing medical, disability/incapacity and term life insurance cover for up to 1000 healthcare workers and volunteers who are in the front line in the fight against COVID-19 in Lagos State.

The Chief Executives who have signed up through their companies to support this initiative include, Leadway Assurance Company Limited, Mr. Tunde Hassan-Odukale; Custodian & Allied Insurance Limited, Mr.Wole Oshin and Lasaco Assurance Plc, Mr.Segun Balogun.

Others are AllCO Insurance Plc, Mr. Babatunde Fajemirokun; Tangerine Life Insurance Limited, Mr.Livingstone Magorimbo and Ark Insurance Brokers Limited, Mr. Kayode Awogboro.

They are all “Proudly Nigerian” companies who have collectively agreed and shall bear the cost of all premiums to make available a pool of funds of up to N5billion to settle all valid claims. The coverage of the policies will be limited to inpatient hospital cash and life insurance cover for healthcare workers and volunteers in Lagos State.

“This partnership with the Lagos State Government will contribute towards the exemplary efforts being made by the State in the fight against the COVID-19 pandemic.

“We would like to take this opportunity to commend the bravery and appreciate the selfless services of our Doctors, Nurses and all the Health and essential service workers who are working tirelessly to help combat this epidemic,” a statement released by these six companies explained during the weekend.