By Favour Nnabugwu
Determined to help the younger generation especially students mitigate their risks, Insurfeel Initiative has rolled plans to donate School Fees Protection Plan to university and secondary students across the country.
The donation which is a Corporate Social Responsibility (CSR) concept is done in partnership with notable reinsurance firms.
The Promoter of Insurfeel Initiative Chuks Udo Okonta, said the organisation is presently in talks with the selected schools, adding that the policy would be donated to the students very soon.
He noted that the donation exercise is part of the organisation’s one million insurance cover give away for 2024/2025.
According to him, Insurfeel Initiative focus on students is aimed at enhancing academic excellence by creating risk free environment for students.
He noted that the cover which runs for a year, would expose the students to insurance and subsequently stimulate their interest to secure their lives and properties with insurance as they grow.
Okonta submitted that School Fees Protection Plan underwriting by Universal Insurance Plc and some insurance firm to be engaged soon, would provide payment of school fees to the named Beneficiary (or Guardian, Trustee or School in case of a minor) of the insured parent/Guardian in event of the following occurring: Permanent disability resulting from an accident and Death.
He stressed that under the cover, the students would enjoy: Medical expenses worth, N150,000; Permanent disability benefit, N500,000; Death benefit, N500,000
On their guardian (parent), he said the students will have: Permanent disability benefit of N700,000; Death benefit, N700,000.
Okonta implored individuals, groups, associations and organisations that are committed to corporate social responsibility to join hards with Insurfeel Initiative in donating insurance covers to the insured in the society.
He reiterated his position that donating insurance is far more cheaper than donating money to people when faced with mishap.
He noted that donation of insurance covers to the uninsured remains one of the best means to spread insurance gospel and deepen penetration.
