NSITF processes over 65,000 claims since inception
16 November 2021 |
3:04 am
The Nigeria Social Insurance Trust Fund (NSITF) says it has processed about 65,923 claims with prompt payment of compensation made to beneficiaries upon fulfilment of the required documentation process.
Nigeria Social Insurance Trust Fund (NSITF) office. Photo: FACEBOOK/
The Nigeria Social Insurance Trust Fund (NSITF) says it has processed about 65,923 claims with prompt payment of compensation made to beneficiaries upon fulfilment of the required documentation process.
Regional Manager, Lagos Region, NSITF, Abdul-Lateef Musa, disclosed this during the Fund’s special day at this year’s Lagos International Trade Fair.
Highlighting some of the Fund’s service delivery so far, he said the highest monthly dependent benefits to beneficiaries of the deceased employee were about N1,584,794.98 and N1,348,886.48, while the highest monthly disability benefits to disabled employees were about N791,609.17 and N281,548.31.
Giving more highlights, he said claims on Medical Expense Refund (MER) paid to employers stood at 7,293; loss of productivity to employers was 2,690, while disability benefits to disabled employees rose to 29,018, among others.
He said the management of the Fund has left no stone unturned in ensuring that its service delivery is at par with the International Labour Organisation (ILO).
He said being at the fair was the Fund’s commitment to connecting businesses to create value to both the economy and the nation as well as employers, who will, in the long run, improve and benefit employees’ welfare.
“We are in this trade fair for the exposition of the Employees’ Compensation Scheme (ECS) and its numerous benefits to all employers and employees in the public and private as well as the formal and informal sectors. We enjoin all employers of labour in the organised private sector and MDAs who are yet to enrol into the scheme to key in,” he said.
Earlier in his opening remarks, Managing Director and Chief Executive Officer, NSITF, Dr Michael Akabogu, said many employers across the nation had keyed into the scheme “and we are working tirelessly to ensure that those who are yet to join will do so by using this opportunity to ensure that employers, entrepreneurs and service providers understand the services NSITF offers as they key into the scheme.
“We are working to enhance our service delivery in line with the world best service standards and as listed in the NSITF charter. We are also working to ensure that every Nigerian employee, whether in the formal or informal sector, is assured of our commitment to his or her welfare.
“To drive a speedy and efficient service delivery we have invested and upgraded our IT platforms, public awareness opportunities, seamless delivery and feedback to spread the message.”
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