By Modupe Gbadeyanka
The major participants of Naija Super 8 will enjoy insurance services from Custodian Life Assurance Limited in its capacity as the insurance sponsor of the tournament.
The underwriting firm signed a deal with the organisers of the competition, Flykite Productions, as one of the sponsors of the football tournament last Thursday.
According to the terms of the agreement, the insurance company will provide robust insurance coverage for 598 participants across the two phases of the tournament.
Beneficiaries include players and officials of the participating football clubs, match officials, football authority figures and the organisers.
The agreement will see the insurance firm provide public liability of N10 million, life insurance cover of N5 million per participant, medical expenses of N1 million per participant, personal accident insurance of N5 million per participant and funeral expenses of N5 million per participant.
Speaking on the sponsorship, the chief executive of Custodian Life Assurance, Mr Larry Ademeso, said the insurer was delighted to be involved in the Naija Super 8 tournament, which is conceived to assist the revival of domestic club football.
He added that the insurance sponsorship of the tournament, which Custodian Life Assurance, a subsidiary of Custodian Investment Plc, is providing, will assist in increasing education and awareness of life insurance.
“It is important to know that there is a risk component in every activity, and football, which entails travel and physical exertion, carries such risk.
“We elected to be the insurance sponsors of Naija Super 8 because of our conviction that we can drive better public understanding of the benefits of life insurance through the tournament, which is a much-needed intervention in Nigerian football,” he said.
The chief executive of Flykite Productions, Mr Jenkins Alumona, expressed delight at the sponsorship offer by Custodian Life Assurance, describing it as a big boost to Naija Super 8 and Nigerian football.
“We consider the insurance sponsorship agreement with Custodian Life Assurance as a massive boost to Naija Super 8. Custodian Life Assurance has a sterling profile and record of involvement in sports.
“So, they are on familiar ground, and we are delighted with the details of the offer, which we believe gives assurance to every participant at Naija Super 8,” he added.
Naija Super 8 is a two-stage football tournament, with the playoffs held from 22-25 June at Eket Township Stadium, Akwa Ibom State.
The finals will be held at the Mobolaji Johnson Arena, Lagos, from 7-16 July. The 12-team play-offs will determine the six teams that will be joined by two wildcard teams to be decided by the organisers.
Participating teams will earn cash rewards of over N120 million. Naija Super 8, organised in partnership with MultiChoice Nigeria, is sponsored by DStv, MTN, Hero Lager, Pepsi, GOtv, SuperSport, Custodian Life Assurance, and Moniepoint.
All the games of the playoffs and the tournament proper will be broadcast live on SuperSport.
Dipo Olowookere