LASACO Assurance Plc has paid claims to relatives of 32 deceased workers under the Group Life Assurance Policy of Lagos State.
The Lagos State Head of Service, Mrs. Folashade Adesoye, said during the cheque presentation to the beneficiaries of the deceased workers in Lagos that the insurance welfare package was part of the staff welfare programme provided by the state government for the Lagos State public service workers.
She said the package also involved group personal accident insurance, motor accident insurance, property liability and marine insurance as well as coverage for government’s properties.
Adesoye said, “The primary policy objective of the payment of insurance death benefits is, therefore, essentially for the funds to serve as succour for the immediate families, dependants and other beneficiaries of the deceased.
“It is the hope and expectation of government that the immediate needs of feeding, clothing, school fees, house rent, transport, medicals and general family well-being would be substantially addressed (even if not totally) in the period between the demise of the family’s breadwinner, the release of his entitlements and the institution of more permanent support structures.”
The importance that the state government attaches to the insurance packages among other welfare initiatives, according to her, derives mainly from government’s prioritisation of its workforce as its most important asset.
She commended LASACO for its part in ensuring the sustenance of best practices towards making life much better and rewarding for the families of deceased workers under the GLIP.
The General Manager, LASACO Life, Oladimeji Olona, said that Lagos had been the most insurance-friendly state.
“If premium was not paid, there won’t be an insurance cover. We thank Lagos State Government, the employer, for paying premium on the workers insurance and we are here to settle claims.”
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