Anchor compensates 120 workers for job losses

At least 120 workers, who experienced sudden loss of job last year have finally been compensated under the Loss of Employment Income Scheme (LoEIS) of Anchor Insurance Limited.

The Guardian learnt that the 120 beneficiaries, who had adequately taken cover against sudden loss of job  while in full employment, were presented with Anchor LoEIS cheques.

Anchor Loss of Employment Insurance Scheme is the newest and latest solution to protect employment income; it is also a safety net, shock absorber or cushion for the harsh effect of a sudden loss of job.

At least 120 workers, who experienced sudden loss of job last year have finally been compensated under the Loss of Employment Income Scheme (LoEIS) of Anchor Insurance Limited.

The Guardian learnt that the 120 beneficiaries, who had adequately taken cover against sudden loss of job  while in full employment, were presented with Anchor LoEIS cheques.

Aderemi Adesibikan, a former employee of Heritage Bank, while narrating her experience, recounted that she got laid off as a result of restructuring, which took place in the bank in December 2016.

She said it was an occurrence she never expected, and would have been seriously devastated despite her severance package from the bank, but is grateful to Anchor Insurance for introducing such a product that will enable her earn income in the next 24 months while searching for another job.

Another beneficiary, Gbenga Ademola, a former staff of Zenith Bank, said the only regret he had was not to have insured his full salary, but is happy that with what he insured, he can successfully handle his financial responsibility to the maximum until he gets another job.

Eberechi Ige, who is a former employee of UBA Plc also appreciated the innovativeness of Anchor Insurance for designing such a product. She recounted her experience as someone who has insurance culture; hence, embracing the product was not an accident.

The General Manager, Retail, Anchor Insurance, Uzoma Ofurum, while presenting the cheques on behalf of the Managing Director, congratulated the beneficiaries for taking the wise step to safeguard their employment income against sudden loss of job.

He further reiterated that beyond any adverse economic situation, it is expedient and wise for employees that value their self esteem to take appropriate measures to safeguard their employment income through insurance covers such as Loss of Employment Income.
He noted that not having a salary and having your bills pile up without any hope of an income can be very devastating and can eventually lead to financial hardships, depression or even death.

Reacting on the development, the Managing Director/CEO of the Anchor Insurance, Mayowa Adeduro, said: “No doubt, preservation of life and livelihood is the greatest pre-occupation of man since creator breath life into man. Income is the building block of our financial life, which helps to handle financial responsibilities and achieve desired dreams. This means man must work every day to ensure there is consistent income for sustenance of livelihood.”

Many firms and organisations, he said, were faced with the harsh economic challenge which is beyond their control; hence, losing a job or getting laid off can happen with little or no warning.

To him, “It is a fact that people do become financially disabled once they loose their employment, and a long-term financial disability do bring serious financial and emotional consequences especially for a bread-winner with chains of responsibilities.

“Anchor LoEIS is a product developed out of the yearning of millions of Nigerians for a product that meet their needs and address their challenges. The product enjoys adequate technical support from Reinsurance Companies and an Actuarial Firm.  Anchor LoEIS was approved in 2015 by National Insurance Commission (NAICOM).

Anchor Loss of Employment Insurance Scheme is the newest and latest solution to protect employment income; it is also a safety net, shock absorber or cushion for the harsh effect of a sudden loss of job.

Aderemi Adesibikan, a former employee of Heritage Bank, while narrating her experience, recounted that she got laid off as a result of restructuring, which took place in the bank in December 2016.

She said it was an occurrence she never expected, and would have been seriously devastated despite her severance package from the bank, but is grateful to Anchor Insurance for introducing such a product that will enable her earn income in the next 24 months while searching for another job.

Another beneficiary, Gbenga Ademola, a former staff of Zenith Bank, said the only regret he had was not to have insured his full salary, but is happy that with what he insured, he can successfully handle his financial responsibility to the maximum until he gets another job.

Eberechi Ige, who is a former employee of UBA Plc also appreciated the innovativeness of Anchor Insurance for designing such a product. She recounted her experience as someone who has insurance culture; hence, embracing the product was not an accident.

The General Manager, Retail, Anchor Insurance, Uzoma Ofurum, while presenting the cheques on behalf of the Managing Director, congratulated the beneficiaries for taking the wise step to safeguard their employment income against sudden loss of job.

He further reiterated that beyond any adverse economic situation, it is expedient and wise for employees that value their self esteem to take appropriate measures to safeguard their employment income through insurance covers such as Loss of Employment Income.

He noted that not having a salary and having your bills pile up without any hope of an income can be very devastating and can eventually lead to financial hardships, depression or even death.

Reacting on the development, the Managing Director/CEO of the Anchor Insurance, Mayowa Adeduro, said: “No doubt, preservation of life and livelihood is the greatest pre-occupation of man since creator breath life into man. Income is the building block of our financial life, which helps to handle financial responsibilities and achieve desired dreams. This means man must work every day to ensure there is consistent income for sustenance of livelihood.”

Many firms and organisations, he said, were faced with the harsh economic challenge which is beyond their control; hence, losing a job or getting laid off can happen with little or no warning.

To him, “It is a fact that people do become financially disabled once they loose their employment, and a long-term financial disability do bring serious financial and emotional consequences especially for a bread-winner with chains of responsibilities.

“Anchor LoEIS is a product developed out of the yearning of millions of Nigerians for a product that meet their needs and address their challenges. The product enjoys adequate technical support from Reinsurance Companies and an Actuarial Firm.  Anchor LoEIS was approved in 2015 by National Insurance Commission (NAICOM).