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Published On: Thu, Jan 1st, 2015

Parents reject FG’s N625m insurance for pupils

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nigeria-students-readingBy Evelyn Okakwu

Parents of pupils in the unity schools and the Federal Ministry of Education are now at loggerheads over the directive by the ministry asking parents to pay N5,000 insurance policy for their children.

Under the scheme, which is being underwritten by NICON Insurance Plc, the money is to mitigate the effects of the Boko Haram insurgency and other forms of attacks on educational institutions.

Though parents applauded the initiative, they however rejected the provision that stipulated that each of the pupils should pay N5,000 per annum to enjoy the scheme.

The scheme, when implemented will fetch NICON N625m from the 104 unity schools with 125,000 pupils.

Also, some parents of pupils at the Federal Government Colleges have queried the scheme.

They argued that the Federal Government was supposed to pay for the policy because it was the government that should be responsible for the security of the pupils.

Meanwhile, the management of NICON Insurance Plc, on Tuesday said its appointment as the underwriter of the Students’ Welfare Insurance Scheme followed due process.

The Senior Manager, Corporate Affairs of NICON, Mr. Ade Adesokan, made this known in a statement.

The statement said the scheme was presented to the Federal Ministry of Education and due process was followed before the firm’s appointment as the underwriter.

It said that the new scheme would help to address the challenges of pupils’ welfare and continuity of their studies.

According to the statement, its objective is to bring succour to pupils that may lose their parents through accident or by natural means.

“The Students Welfare Insurance Scheme is a combination of Group Personal Accident and Group Life Assurance Schemes. It is packaged for pupils of 104 unity schools throughout the country,” the statement said.

 

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