- Leadway to Provide Insurance Cover for Lawyers
Leadway Assurance has reiterated its resolve to provide insurance protection for practising lawyers who are members of the Nigerian Bar Association.
According to a statement, Leadway said this during the Nigerian Bar Association’s general conference with the theme, ‘African business: penetrating through institution building’ in Lagos.
Leadway Assurance stated that it deployed its insurance mobile office to engage the thousands of lawyers who attended the conference on its tailored-for-lawyers insurance plan known as the Leadway Lawyer Affinity Cover.
It stated, “The plan, which is for all active NBA members, comes at no extra cost to the lawyers as it is covered under the annual bar practice fee paid to the NBA. The Leadway Lawyer Affinity plan provides insurance cover of up to N1m for accidental permanent total disability, critical illness, accidental medical and accidental death expenses for the learned professionals.”
While speaking on the partnership, the Executive Director, Leadway Assurance, Ms. Adetola Adegbayi, said, “We believe that by providing insurance to the members of the Nigerian Bar Association, we are intrinsically providing the biggest support to the economy, governance and government of the country. Insurance helps safeguard the profession and the professionals alike.”
According to the statement, the NBA, with over 100,000 registered members, entered into a strategic partnership with Leadway Assurance Company Limited in 2014 to provide a feasible group life insurance policy for all lawyers who pay their annual bar practice fees when due.
“The insurance policy is designed to cover all the NBA lawyers in the following areas: total accidental disability; accidental death; critical illness and accidental medical expenses,” the firm stated.
Leadway Assurance said it was committed to bridging the financial protection gap and increasing the rate of insurance penetration in Nigeria.