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Firm Unveils Insurance Cover for Tricycle Riders

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By Adedapo Adesanya

To deepen insurance inclusion in the country, Universal Insurance Plc has unveiled a personal accident cover called Keke Pass to provide insurance cover for tricycle riders who are major key players in Nigeria’s transport system.

According to the underwriter, riders of the popular tricycle known as Keke can now pay as low as N2,600 get a personal accident cover.

KEKE PASS plan was uniquely designed to provide cover for personal accident to the insured rider. This policy also will be sold as an individual policy and as a group scheme to the riders.

The plan is a compensation plan for riders in case of an accident. The premium amount to pay depends on the type of plan they opt for.

It comes in four different plans which are: Jeje Cover, which can be subscribed to with N2,600 yearly premium and enables a rider to get paid up to N50,000 for Medical Expenses; N150,000 for Permanent Disability; N150,000 for Death N50,000 for Third Party Liability and N15,000 Repair assist (Owned damage).

Another plan is the Carry-Go Cover, which comes with an annual premium of N3,700 per annum and the rider is expected to get paid up to N75,000 for Medical Expenses, N200,000 for Permanent Disability; N200,000 for Death; N75,000 for Personal Liability and N20,000 RepairAssist (Owned damage).

The third package is the No-Shaking Cover, which is sold for N4,800 per annum and riders get N100,000 for Medical Expenses; N250,000 for Permanent Disability; N250,000 for Death; N100,000 for Personal Liability and N25,000 RepairAssist (Owned damage).

The last bouquet is the Confaam Cover, which attracts a payment of N6,000 per annum. The insured gets N100,000 for Medical Expenses; N250,000 for Permanent Disability; N250,000 for Death; N100,000 for Personal Liability; N25,000 RepairAssist (Owned damage); N60,000 for Passengers Medical Expenses (Limit per passenger N20,000).

Speaking on the product, the Managing Director/CEO of the firm, Mr Benedict Ujoatuonu, stated that Keke Pass targets the numerous tricycle riders in the country.

Speaking on the uniqueness of the product, he said, “usually in motor insurance policies we have centred only on taking care of the loss of the insured motor insurance vehicle on third party liabilities.

“But our Keke Pass is an innovative product that looks at the rider himself in making sure that adequate insurance is provided for the benefit of the rider in case he sustains injuries that require medical attention while he is riding temporarily or permanent disability as a result of the accident or in the unfortunate event of the death of the rider.”

According to him, whatever happens, while he is riding, is fully taken care of by Keke Pass.

Mr Ujoatuonu urged all riders to embrace the product that is meant to help them and encourage them in ensuring that they continue to ride and generate revenue and take care of the family knowing that if anything happens, Universal Insurance is behind them to ensure they get the required support.

He also called on the various tricycle associations to embrace the new products so that they can create benefits for their members which will in turn sustain their business.

Business Post had reported that Universal insurance was the first company that launched the first-ever insurance product called okada personal Assurance & Safety Scheme (Okada Pass) For okada riders.

With an asset base of over N11 billion, authorized, share capital of 16 billion units and N8 billion paid-up respectively, Universal Insurance Plc is a duly registered organisation licenced to underwrite General Insurance business.

The MD/CEO revealed that the company is now fully computerized to drive excellence in service delivery adding that they are widely known for providing peace of mind to their clients and enriching their quality of life through their partnership in the management of the risks they face.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Tanker Explosion: Lagos Promises Stronger Safety Measures

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By Modupe Gbadeyanka

The Lagos ​State government has promised to put in place stronger safety measures after a gas tanker explosion on Otedola Bridge on Tuesday night.

The incident reportedly claimed two lives and destroyed some properties in the area, including vehicles and buildings.

Reacting to the explosion, the Commissioner for Transportation, Mr Oluwaseun Osiyemi, expressed the regret of the state government over the widespread damage and disruption caused by the tragedy.

“Our thoughts are with those affected, and we commend the swift response of emergency services working tirelessly to manage the aftermath,” he said.

The Commissioner noted that the incident reinforces the urgent need for stricter safety protocols for heavy-duty vehicles.

“The Ministry of Transportation is also intensifying enforcement on the movement of hazardous materials, strengthening regulatory compliance, and implementing enhanced safety measures to prevent future occurrences,” he stated.

Mr Osiyemi called on “all transport operators to uphold the highest safety standards and cooperate with government efforts to safeguard lives and property,” saying, “Lagos remains committed to a safer, more resilient transport system for all.”

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LASTMA Broadens Scope of Traffic Safety Education for Children

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By Aduragbemi Omiyale

The Lagos State Traffic Management Authority (LASTMA) has intensified its Lagos State School Traffic Safety Advocacy Programme (LSTSAP) under the visionary initiative tagged Operation Catch Them Young.

This is part of the agency’s strategic moves to inculcate traffic discipline and awareness from an early age. It was crafted to foster a profound understanding of road safety principles while mitigating traffic-related hazards.

This initiative, which was recently re-launched, has been reinvigorated to ensure broader reach and heightened impact, and will continue its extensive rollout across various schools, ensuring a lasting imprint on the consciousness of young children and fostering a culture of responsible road use from the grassroots level.

Furthermore, in a bid to provide a holistic and engaging experience, the initiative incorporates excursions, career day events, interactive road safety games, essay competitions and dedicated outreach programmes for school catering to students with special needs.

This transformative advocacy campaign will continue its extensive rollout across various schools, leaving and indelible impact on young children and fostering a sustainable culture of responsible road use at the grassroots level.

Through this advocacy drive, LASTMA officials systematically engage secondary school students across Lagos State’s six educational districts, equipping them with crucial knowledge of traffic signs, regulations and safety protocols on every Wednesdays of the week.

Reiterating the programme’s significance, the Special Adviser to the Governor on Transportation, Mr Sola Giwa, underscored that embedding traffic consciousness in young minds is pivotal to nurturing a disciplined and law-abiding society.

He emphasized that early exposure to road safety tenets not only enhances pedestrian and commuter safety but also fosters a generation of responsible road users—whether as future drivers, cyclists, or pedestrians.

According to him, “the revitalization of Operation Catch Them Young is in alignment with the state government’s commitment to a safer, more orderly, and seamlessly structured transportation system.

“By empowering students with critical traffic knowledge, Lagos State is proactively shaping a future where adherence to road regulations becomes instinctive among its citizens.”

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FRSC Punishes Ondo Sector Commander for Worn-Out Tyres

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By Modupe Gbadeyanka

The Sector Commander of the Federal Road Safety Corps (FRSC) in Ondo State, Mr Samuel Ibitoye, has been sanctioned for allowing a patrol vehicle in his domain to operate with worn-out tyres.

Over the week, a video emerged on social media showing a motorist, booked a patrol team for an expired tyre, capturing the patrol van of the agency with bad tyres.

Apparently embarrassed by this, the Corps Marshall of the FRSC, Mr Shehu Mohammed, in a statement signed by the Assistant Corps Marshal of the Corps’ Public Education Officer, Mr Olusegun Ogungbemide, said the agency has zero tolerance to any form of negation of standards and does not condone any form of compromise against its core values.

According to him, the action “is a complete negation of the core values, as well as Standard Operating Procedures on Vehicles Maintenance for all operational and administrative vehicles of the corps.”

He, therefore, sanctioned the sector commander, ordering the ticketing of vehicle for the infraction, with the commander directed “to pay the fines for negligence.”

Mr Mohammed commended the public for their watch dog role over the services of the road safety agency, reminding the motoring public that the FRSC remains a pace-setter amongst agencies in Nigeria, for high level observance of quality standards, especially when it comes to vehicle maintenance, and will continue to enhance on the mileages achieved over the years in that regard.

He assured that the organisation would “continue to play its supervisory role over the field commands with diligent commitment while the Commanding Officers are expected to uphold the ideals of the corps accordingly.”

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