NCRIB harps on need for group life insurance

As the Nigerian Council of Registered Insurance Brokers (NCRIB) join other notable Nigerians and Associations to commiserate with the Nigerian Union of Journalists over the demise of three of their colleagues that were involved in a fatal accident along Ibadan-Ilesha road last week, it has also reminded about the need to insure journalist.

The Council in a letter of commiseration signed by its President, Laide Osijo and routed through the National Association of Insurance Correspondents lamented that the death of the journalists had created a great vacuum in news and information dissemination in Nigeria.

According to Osijo, the unfortunate accident is another call to the authorities to accelerate infrastructural development in the country, especially in the area of roads and safety management.    She further opined that “a time like this also underscores the need for individuals and associations to appreciate the endemic risks that surrounds human existence and the need to put in place risk management devices, of which insurance is cardinal, to mitigate losses to lives or materials when they occur”.

The NCRIB President particularly advised professional and trade associations to take full advantage of Group Life insurance policies for the protection of their members against unforeseen circumstances that may lead to death or physical incapacitation of their members.