Connect with us


Group Charges Federal Govt On Health Insurance Subsidy



The Insurance Industry Consultative Council (IICC) has called on government to make health Insurance compulsory by subsidising the premium.

Speaking at the 2021 IICC Media Retreat for insurance journalists in Asese, Ogun State at the weekend, the chairman, IICC, Sir Muftau Oyegunle, pleaded on government at all levels that insurance must be built into most of the support governments are offering.

Oyegunle, who is also the President of the Chartered Insurance Institute of Nigeria(CIIN), said health insurance subsidy has been done successfully in other countries.

While calling for necessary actions on ailments generally, including Covid-19, Oyegunle said, only a healthy man can contribute its quota to the growth and development of the country.

Speaking on the attitude of Nigerians toward insurance services, he wondered why someone will build a 21-stores building without adequate insurance coverage, believing a lot of stakeholders, including government, must be held responsible for this negligence.

Related:  Vitafoam Posts N4.4bn Net Profit As Dividend Rises By 114%

To him, “it may interest you to know that common malaria kills more people in Nigeria than Covid-19. The recent Collapse of 21 storey 360 degrees apartment at Gerald Road, Ikoyi on November 1, 2021 where 45 deaths so far have been recorded with many wounded without any insurance cover exposed the level of decadence in our society. It simply revealed the level of culture of settlement in our country.”

Speaking on the theme of the conference, which is; ‘the Newsman in the Changing World,’ he said, there is a need for knowledge and creativity to lead the way as well as the adoption of artificial intelligence in amplifying the contents that journalists create.

“The event of the year will no doubt put some mental or psychological strain on us and there is a need for us to deescalate some of those situations before we enter another year,” he said.

Related:  Naira Plunges To N435/$ At Official Window, As CBN Adjusts Rate

Stating that one of the mandates of CIIN is to promote insurance awareness, he urged the media practitioners to use their platforms and the reach they cover to promote the gospel of insurance and its offerings.

Subscribe to our newsletter!