Business
Students’ Welfare Scheme: NICON Defends Appointment
The management of
NICON Insurance Ltd, has said its appointment as the sole underwriter of students’ Welfare Insurance Scheme was done under due process.
A statement by the Senior Manager, Corporate Affairs of NICON, Mr Ade Adesokan, made the disclosure in Lagos.
The statement said that the scheme was presented to the Federal Ministry of Education and due process was followed before its appointment as the Underwriter.
It said that the new scheme would help to address the challenges of students’ welfare and continuity of their studies nationwide.
According to the statement, its objective is to bring succor to students that may lose their parents or sponsors either through accident or by natural means.
“The Students Welfare Insurance Scheme is a combination of Group Personal Accident and Group Life Assurance Schemes. It is packaged for Students of 104 Unity Schools throughout the country,” the statement said.
It said that in the case of accidental death of a student, the sponsor named in the policy would be entitled to N500, 000.
The statement said that in the event of the sponsor or guardian’s death, the pupil would be entitled to the payment of school fees up to the year of graduation.
It said such student would be entitled to a maximum of N500, 000 per annum.
“In case a pupil accidentally sustains permanent disability, he or she will be entitled to N500, 000 as compensation.
“For accidental medical expenses, a pupil will be entitled to N50, 000 for medical treatment.
“If a student is involved in accidental death, the company will pay N50, 000 for burial expenses,’’ it said explained.
It said that some conditions were also to be fulfilled before a student could enjoy the benefits.
The statement, however, noted that though the scheme was an intellectual property of NICON, other insurance companies actively participated in it before the company was finally appointed as the Underwriter.
It said NICON’s appointment was based on the recommendations of the committee put in place by the Tenders Board of the Ministry of Education where other insurance companies were screened.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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