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UPDATE- FEC approves group life assurance for Govt workers, paramilitary, others – Walson-Jack

  • During its sixth meeting on Monday, the Federal Executive Council authorized the introduction of a collective life insurance policy aimed at providing financial protection to federal employees, including civil servants and members of paramilitary and uniformed services.
  • This approval followed ongoing efforts to enhance welfare policies under President Bola Tinubu's administration, which has placed emphasis on supporting federal public servants.
  • The scheme for the 2025/2026 policy year provides coverage for top government officials including the President, Vice President, key cabinet members, senior civil servants, staff of federal ministries, and personnel from various paramilitary organizations such as the Immigration Service and Fire Service.
  • The government appointed 17 insurance underwriters to manage the policy, which runs annually starting upon premium payment and operates on a no premium, no cover basis.
  • The scheme provides financial benefits to next of kin in the event of a public servant's death, aiming to cushion their families and highlighting the government's commitment to employee welfare.
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lagostelevision.com broke the news in on Monday, May 12, 2025.
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