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The Federal University Oye Ekiti recently received life assurance claims from LASACO Assurance Plc, through VLT Insurance Brokers Limited, on behalf of its two deceased staff. The solemn ceremony took place on Wednesday February 19, 2014 at the Vice Chancellor’s conference room.
Presenting two cheques valued N19, 068,807 (Nineteen million and sixty eight thousand, eight hundred and seven naira)as death benefit to the families of late Prof. Adefioye Ajayi and late Miss Bankole Olayemi, Managing Director/CEO, VTL Insurance brokers, Mr Emmanuel Eneanya, commended the University for its foresight in taking up a Group Life Assurance Policy for the staff, saying that though no amount of money could bring the deceased back to life, the financial compensation was very important in supporting the families of the deceased.
He advised staff to take up this kind of policy, which he said would cater for beloved ones long after the breadwinner is gone. “Those who truly love their families can only take this kind of policy,” he said.
The Vice Chancellor, Prof. Isaac Asuzu, while receiving the cheques on behalf of deceased staff families, regretted the incidence of premature deaths among staff and prayed against such deaths in future. The respective cheques of N18,060,489 for late Prof. Adefioye Ajayi and N1,008,318 for late Miss Bankole Olayemi, were later signed for and collected by the Acting Bursar, Mr. Obadiah Dyiltu for onward transmission to the next of kin of deceased staff.
The VC also thanked managements of both VTL Insurance Brokers Limited and LASACO Assurance Plc for fulfilling their obligation to the university in paying out the claims. He used the occasion to emphasise on the importance of insurance as succour to families in the event of unforeseen circumstances.
Ag. Registrar, Mr Daniel Adeyemo, was full of appreciation for VLT Insurance Brokers Limited for discharging their obligation to their deceased clients. He said action has the added advantage of boosting the relationship between the insurance broker and the university. He however, advised them to ensure prompt payment of any such benefits to lessen the financial weight on concerned families.
Late Prof. Adefioye Ajayi until his death was pioneer Dean, Faculty of Agriculture while late Miss. Bankole Olayemi was a Clerical Officer in Student Affairs Unit.Also at the presentation were Dean Faculty of Science, Prof Sylvia Uzochukwu, Dean Faculty of Humanities, Prof Bakare, Ag. Internal Auditor, Mrs Obabire, Director, Procurement, Mr. Ikechukwu Areh and Coordinator, Information and Protocol Unit, Ukaegbu Chris.