Wednesday , January 16 2019

Providing Group Life Coverage For Workers

     

     

    Despite the fact that Pension Reforms Act (PRA) 2014 mandates employers to buy group life insurance cover for their employees, government and some private sector players are evading the insurance cover for their workers. ZAKA ABD-KHALIQ writes. The hope of every worker is to get employment in companies where his welfare are well taken care of.

    He wants to be given a good salary, and other severance packages which includes pension and group life insurance coverage. Unfortunately, in this part of the world, some private and public entities are less bothered about providing group life insurance coverage to workers, when indeed it’s compulsory by law. Firms, according to findings, try as much as possible to run away from responsibility that will make them spend more. Group life insurance is a type of life insurance in which a single contract covers an entire group of people. Typically, the policy-owner is an employer or an entity su

    Read More at: https://leadership.ng/2018/09/18/providing-group-life-coverage-for-workers/

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