LIFE INSURANCE SCHEME : THE NIGERIAN BAR ASSOCIATION HAS SECURED A LIFE INSURANCE SCHEME WITH LEADWAY ASSURANCE FOR MEMBERS TO A TOTAL OF N2, 000,000 (TWO MILLION NAIRA), WHILE WORKING ON SEALING THE ARRANGEMENT WITH NHIS FOR ROUTINE HEALTH INSURANCE; OLUMIDE AKPATA WRITES TO BRANCH CHAIRMEN.

NBA CONCLUDES MEMORANDUM OF UNDERSTANDING WITH LEADWAY ASSURANCE FOR ENHANCED BENEFITS; KICKSTARTS PILOT HEALTH INSURANCE SCHEME WITH NHIS.

Dear Colleagues,

As part of the efforts of the leadership of the Nigerian Bar Association (NBA) in ensuring that the welfare of members of the association are taken care of, the leadership of the NBA has concluded a Memorandum of Understanding (MOU) with Leadway Assurance Plc which enhances the insurance products and benefits for all financial members of the NBA. 

Under this MOU, all lawyers who paid their BPF on or before 31st March 2021 can (at no extra cost to them) have access to the following:

1. N2Million as Life Insurance cover (this is a 100% increase from what used to be N1Million);

2. N1Million for any ailment that qualifies as Critical Illness under the policy (with a further N1Millon payable if the member unfortunately passes);

3. N1Million for Accidental Permanent Disability (with a further N1Millon if the member unfortunately passes);

4. N60,000 to cover any medical expenses related to accidents; and

5. Free telemedicine access for lawyers with medical doctors approved by Leadway.

Separately, the leadership of the NBA has advanced its negotiations with the National Health Insurance Scheme (NHIS), to provide insurance cover at discounted rates, for members of the Association who subscribe to the scheme.

To kickstart the NBA-NHIS Health Insurance Scheme, the NBA will, as a part of the pilot phase, be paying the health insurance premium for 1,000 lawyers selected from all branches of the NBA by a team led by the Chairperson of each Branch.

Please find attached the guidelines for the selection of the 1,000 beneficiaries of the NBA-NATIONAL HEALTH INSURANCE (NBA-NHIS) PILOT SCHEME. 

Further details on the NBA-NHIS Pilot Scheme will be made available soon. 

Dr. Rapulu Nduka

Publicity Secretary,

Nigerian Bar Association.

The President of the Nigerian Bar Association, Olumide Akpata, Esq. in concert with the National Executives of the association secured a life insurance scheme for members of the association. This is in fulfillment of his electoral campaign promise during the 2020 Presidential elections to better the health assurance of members of the NBA in good financial standing with the association. 

 

Attached below is the excerpt of the President's letter coveying the  to all the Branch Chairmen of the association. 

Dear Branch Chairmen,

Re: Life Insurance and other matters.

I am pleased to inform you that we have just concluded a Memorandum of Understanding with Leadway Assurance which enhances the insurance products and benefits for all our financial members. 

Under this new arrangement, all lawyers who paid their BPF on or before 31st March can (at no extra cost to them) have access to the following:

1. N2mn as Life Insurance cover (this is a 100% increase from what used to be N1mn);

2. N1mn for any ailment that qualifies as Critical Illness under the policy (with a further N1mn payable if the member unfortunately passes);

3. N1mn for Accidental Permanent Disability (with a further N1mn if the member unfortunately passes);

4. N60,000 to cover any medical expenses related to accidents; and 

5. Free telemedicine access for lawyers with medical doctors approved by Leadway.

We have also agreed to a more simplified process of making claims under the policy. 

The negotiations that got us to this stage have been tough and long-drawn but I am pleased that we finally have this agreement in place and that it will kick off immediately. 

As you may be aware, the foregoing is different from the Medical Health Insurance Scheme that we are currently negotiating with the NHIS and I will very shortly be providing you with  preliminary details of the NBA-NHIS Pilot Scheme via a separate post.

I remain grateful for your continued support and for your effective management of our branches and I encourage you all to ensure that our members are able to access these and others welfare oriented programs that we are putting in place for their benefit.

OLUMIDE AKPATA