FG workers’ dependants to worry less with N9.2bn life insurance

Employees of the Federal Government, paramilitary and intelligence agencies have received morale boost with the Federal Government’s approval of N9.2 billion for the 2020/2021 group life insurance.

With the insurance, these employees would be entitled to get a death benefit in case of death in service. This covers the next one year, beginning from when the money is released to the appointed insurance companies.

The Federal Executive Council, after its meeting on Wednesday, approved N9.2 billion for Group Life Insurance for its workers for 2021/2022 following a memo submitted by the Head of Service of the Federation.

Lai Mohammed, minister of information and culture, speaking with journalists after the meeting, said the premium covered Federal Government employees, public servants, paramilitary and the intelligence community.

It is part of the government’s welfare initiative to ensure that the workers are paid compensation in case of death, the minister said.