NICON Insurance Limited has settled the claims of the students of the Federal University Oye Ekiti( FUOYE) who lost their lives and sustained injuries during September 10, 2019, protest in the campus.
The injured students were paid N120,000 while relations of the deceased received N145,000
Two students died during the clash with the police while three were injured.
At the cheque presentation, the Executive Director Marketing and Brand Operations, NICON Insurance, Debo Oladejo, explained that the policy tagged Student Welfare Insurance Scheme(SWIS) is an innovation of the company to cushion for the effect of students and their sponsors in case of death or injury during the school session.
According to Oladejo, the cheques were presented in the names of Okonofua Esther, Mrs Mary Dada, Olamilekan Muiz, Elijah Azeez and Eyiola Ayomide.
He urged students of the institution to explore the option of dialogue whenever contention issue arise.
The Vice-Chancellor of the University, Professor Kayode Soremekun, expressed delight over the payment of claims insurance to policyholders’ in the country
He also disclosed that the amount of claims paid by NICON Insurance changed my perspective on underwriting firms across the country.
He added that the payment was premised on the 1000 naira paid as premium by students.
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