FBN Insurance, doctors sign MoU on group life scheme
… With professional indemnity cover
FBN Insurance Limited and Society of Gynaecology and Obstetrics of Nigeria (Lagos Sector) at the weekend signed Memorandum of Understanding (MoU) in Lagos to provide group life assurance scheme and professional indemnity cover for their members.
The Assistant General Manager (Business Development), Supo Sogelola, who signed the document for the company, said starting today the agreement is to provide group life scheme and professional indemnity cover for their members and this involved the entire members of the society.
According to him, the group life cover provides for N1.5 million cover per medical practitioner and also a professional indemnity cover of N1 million per practitioner.
He said that in Nigeria today, there are greater awareness and penetration of insurance, as people are taking advantage of the benefits of insurance , with this agreement we look forward whereby other professional bodies will key into it because there are advantages in every sector buying insurance for their lives and businesses.
According to him, the doctors have seen the advantage and benefits of the cover. As you heard in the speech, when they lost one of their members, they could do very little, but with the insurance cover they would be able to provide reasonable amount to the family of the deceased member.
He urged other professional bodies in the country to take advantage of the benefits of insurance to insure their lives, property and businesses.