NBA Reactivates Members’ Insurance Scheme; Lawyers to get up to 1m Benefit

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NBA President Paul Usoro SAN

The President of the Nigerian Bar Association (NBA) Mr. Paul Usoro SAN  has reactivated the defunct NBA Life Assurance scheme which had been abandoned for a while.

Mr. Usoro announced this in a press statement today, 21st September, 2019.

Having paid the insurance premium, members of the association who paid their practicing fee on or before 31st  March  would be eligible to benefit from the scheme.

According to Mr. Usoro “Thursday, 19 September 2019, marked a milestone in our commitment to the
welfare of our members sequel to our payment of the insurance premium sum of
N45,300,000.00 (Forty Five Million Three Hundred Thousand Naira only) to Leadway
Assurance Company Limited (“Leadway Assurance” or “Leadway”), the NBA’s
insurance partner, for the Life Insurance Scheme (“Life Scheme” or “Scheme”) that
covers qualified NBA members who had paid their Bar Practice Fees between 01
January and 31 March 2019.”

“The Life Scheme is actually not a brand-new initiative; it is an initiative that
had existed but became defunct due to non-payment of the requisite premium
amounts for the years 2017 and 2018. We have happily revived the Scheme for the
benefit of qualified members of the NBA by paying the requisite insurance premium;
the said payment has been acknowledged in writing by Leadway Assurance in an e-
mail that was received on 20 September 2019. The insurance cover is for one
calendar year, beginning from 01 January 2019.”

He further explained that since the premium was not paid for the 2017 and 2018 period, all claims that may have occurred within those period were not covered and cannot  be paid for.

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“i. The Scheme, for the avoidance of doubt, did not operate between 2017 and
2018 due to non payment of the requisite premium amounts. In the
circumstance, neither Leadway Assurance nor the NBA is or can be liable
under the Scheme howsoever for any deaths or accidental permanent
disabilities that may have occurred during the said period i.e. 2017 and 2018.”

The 3 (three) benefits under the Scheme are as follows:
a. Death cover .. .. .. .. .. .. N1million
b. Accidental Permanent Total Disability (“PTD”) .. N1million
c. Accidental medical expenses benefit .. .. .. N30,000.00

He further noted that in the years preceding 2018, when the Scheme was operational, the only
benefits that were covered and available to members were the Death and
Accidental PTD benefits and this cover was continued with these benefits.

Other points to be noted are:

1. Payment by Leadway Assurance on either Death or Accidental PTD on any
member terminates the cover for the member.

2. The Accidental Medical Expenses benefit is a goodwill “enhancement” that is
provided by Leadway Assurance and does not at all or howsoever take the
place, eclipse or stand in the way of the Death or Accidental PTD benefits. In
other words, a lawyer who benefits from the Accidental Medical Expenses
claim of N30,000.00 would and could still claim the Death or Accidental PTD
benefits in the event of either incident provided that, as stated in the preceding
Item, payment by Leadway Assurance on either Death or Accidental PTD
on any member terminates the cover for the member.

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3. NBA has no liability under the Scheme howsoever. The Association merely
facilitates the Life Scheme for our members and therefore bears no contractual
liability therefor. The Association will however play the role of the liaison
between the NBA members who are covered by this scheme and Leadway
Assurance and will assist in processing any claims by members or their
survivors/beneficiaries under the Scheme.

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