National Insurance Company (NIC) yesterday, 26th August 2015 provided loans to over two hundred police personnel at the King Tom Police Barracks as part of the Group Life Investment Scheme.
The aim of the scheme is to provide financial security to government workers. According to the Life and Pension Manager of NIC, Saidu Samura, the scheme started in 2009 with 3, 000 police personnel and that now that figure has increased to about 8, 000 police personnel countrywide.
He said the scheme provides four beneficial factors including death, retirement, loan facility and invalidity benefits and that since the inception of the facility, the insurance company has paid over Le 5 Billion (five billion Leones) as death benefits to police personnel in the country.
The National Insurance [...]