Consolidated Hallmark Insurance (CHI) Plc has renewed the Group Personal Accident Insurance cover worth N24 million assured for insurance journalists in the country.
This, according to the company, is part of its Corporate Social Responsibility (CSR) project, to ensure that journalists who are exposed to danger and hazard in the discharge of their civic duties are adequately protected. The Group Personal Accident Insurance covers death, permanent disability and medical expenses.
The policy, now in its 9th years, has been running since 2012, and is renewed annually by the company. The cover, was renewed in October, 2020 and it is due to expire in September 2021.
The policy cover all members of the National Association of Insurance and Pension Correspondents(NAIPCO) across the country while the company has promised to continue to renew the coverage for the journalists every year.
Reacting to this development, the group managing director/CEO, CHI, Mr. Eddie Efekoha, said, this gesture is to show the kind of values and respect his insurance firm has for journalism, believing that journalists who are the shaper of the society, and by extension, the insurance industry, must be well taking care of.
Journalism, he said, is a risky profession, hence, the need to adequately provide insurance for those covering the insurance industry.
In the case of the death of any of the concerned journalists, he said, the family of the deceased is entitled to N1 million death benefits. “A journalist who suffers permanent disability in the discharge of his duties will also be entitled to N1 million. The cover provides for medical expenses to the tune of N200,000 per journalist in the case of an accident,” he pointed out.
Applauding the initiative, the chairman, NAIPCO, Mr. Chuks Udo Okonta, said, this is a rare gesture from CHI, as part of its CSR initiative aimed at impacting the lives of journalists.
