Disengaged workers who already subscribed to Mutual Benefits Assurance Plc Term Assurance and/or Loss of Job insurance policies are guaranteed health care
To this end, the insurer has partnered a Health Management Organisation known as Lifecare Partners to provide health care services to its clients.
Speaking at the unveiling of the scheme in Lagos, the managing director/CEO, Mutual Benefits Assurance Limited, Mr. Ademola Ifagbayi, said: “we have two major products that have been in insurance business for long, which are; the Term Assurance and Loss of Job cover. What we did is to use those products as an enabler to penetrate the existing enrollees of HMOs.
He, however, said the scheme is focusing only on people who left their employment legally, adding that, the cover excluded termination as a result of disciplinary measure or resignation. “We asked ourselves, what value are HMOs adding to family incase an enrollee passes on? That is always the end of the relationship. We believe that HMO can go a bit further to support the family, hence, we introduced, as part of the health package, a term life assurance cover,” he said.
The partnership with the HMO, he said, will ensure that the assurance firm continues to get the patronage of their enrollees who are no longer working in a paid employment.
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