Leadway Assurance Limited has sealed a partnership deal with the Nigerian Bar Association (NBA), to provide insurance cover of up to N1million for members of the legal profession across the country.
The deal was sealed during the week-long 2017 NBA General Conference, which held in Lagos from August 18 to 24.
The conference themed, “African Business: Penetrating through Institution Building,” drew participants cutting across different sectors and industries around the world.
As part of the partnership, Leadway Assurance deployed its state of the art, first-of-its-kind 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.
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 N1,000,000 (One Million Naira only) covers accidental permanent total disability, critical illness, accidental medical and accidental death expenses for the ‘learned’ professionals.
Speaking on the partnership, 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.”
NBA, the largest body of lawyers in Africa with over 100,000 registered members, entered into a strategic partnership with Leadway Assurance 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; Death or Accidental Permanent Total Accidental Disability; Accidental death; Critical illness and Accidental Medical Expenses.
To further deepen discourse at the conference, Leadway Assurance also hosted a Forum Session on August 23. The high profile panellists at the session include the Executive Governor of Oyo State, Senator Abiola Ajimobi; Ghanaian Minister of Finance, Ken Ofori-Atta; and Director-General, Debt Management Office (DMO), Patience Oniha.