Eighty-five dependants of deceased Lagos State Local Government and Primary School Teachers from the Lagos State Government State Universal Basic Education Board (SUBEB) staff have received N171 million insurance death benefits from LASACO Assurance Plc.
Managing Director, LASACO Assurance, Segun Balogun, while presenting the cash to the beneficiaries at the Ministry of Local Government and Community Affairs, Alausa, Ikeja, Lagos, praised the government for instituting theGroup Life Insurance Scheme (GLIP) for its workers in 2009.
He said 174 relations of the deceased staff benefited from the scheme between 2013 and last year.
He said out of the 36 states in the country, only a few have implemented the scheme.
He urged the beneficiaries to use the money judiciously, especially for the education of deceased children.
The Permanent Secretary (PM), Ministry of Local Government & Community Affairs, Fola Padonu, added that the presentation of death benefits to 85 beneficiaries that consist of 50 local government and 35 SUBEB deceased staff is the third. The first and second presentations were in 2013 and last year to 174 beneficiaries.
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