MD, NICON, Mr. Emmanuel Jegede
By Nnamdi Duru
NICON Insurance Plc has launched four new products in the country’s insurance market. They are Overseas Travel Insurance Policy (OTIP), Directors and Officers Liability Insurance (DOLI), Events Management Insurance (EMI) and Travelers Personal Accident Insurance Scheme (TIPAS).
The Managing Director of the company, Mr. Emmanuel Jegede, confirmed this in a statement recently, saying his organisation was partnering Portugal based Europe Assistance to provide these services.
OTIP, according to him, offered passengers financial succour in case of death, permanent disability, surgery and medical expenses resulting from hospitalisation while abroad.
DOLI was designed to cover cost of legal defense for executives, non-executive directors and officers in managerial and supervisory capacities against arising from their actions in office.
EMI on the other hand protects event planners, organisers, individuals, companies and government from risks attached to their social, business, religious and political engagements among other things.
TIPAS covers commercial transporters moving passengers within and outside the states and pays compensation for accidental death, permanent disability and medical expenses of passengers.
Before now, the company’s boss took stock of the performance of another product which the firm launched into the market last year, Students Welfare Insurance Scheme (SWISS) saying, it was a beginning of good products from the stable of the company.
“There are some of your mates who are equally intelligent and should have been among you that are being celebrated today, but that is not so because they did not take their tasks seriously enough. That would happen to anyone who is not focused.
SWISS was packaged in collaboration with the State Ministry of Education and Technology to compensate students, who may suffer accidental injuries in the course of their studentship as a result of unforeseen contingencies.
Under this arrangement, NICON Insurance Limited is to provide automatic scholarship to any student who loses his or her sponsor in the course before completing his or her studies. The insurance package covers students from primary to tertiary institutions and is applicable to both private and public schools.
He assured that NICON Insurance would continue to identify with, support and celebrate excellence, particularly in the education sector in the state.
Jegede observed that the scholarship tops the list of benefits attached to the company’s students’ welfare scheme and promised that his organisation would maintain, keep and nurture same for the benefit of our future leaders.
He also encouraged the beneficiaries and their parents to compliment the effort of the teachers by ensuring that they and their wards respectively uphold good moral morally values all the time. “NICON Insurance would do more for the parents, sponsors, students and above all Ogun State Government,” he reassured.