Monday 18 February 2013

NCAA to introduce fresh insurance scheme for travelers

Aviation Nigeria

In a bid to reduce the hardship encountered by travelers resulting from emergencies or  accidents, the Nigeria Civil Aviation Authority (NCAA) is planning a fresh insurance scheme for prospective travelers.

Speaking to reporters in Lagos at the weekend, the NCAA Director-General, Dr. Harold Demuren, said the planned scheme was feasible and alternative and that it was already functional in Europe and the United States.

The scheme, regarded as a no-fault insurance scheme, would allow prospective travelers to accumulate or buy insurance from airlines. A system which differs from the recent approach.

Demuren who expressly stated that the $100,000 compensation was no replacement to the value of lives in the event of accidents, described the scheme as one that would be managed separately by the Central Bank of Nigeria (CBN), with input from the Minister of Aviation.

There are indications that in the event of an accident, victim’s family could be paid as much as $300, 000 depending on the consistency of the deceased in raking up more premiums.

The NCAA director has also requested the availability of land by the the Federal Airports Authority of Nigeria (FAAN) for airline operators to improve the industry by building hangars.


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