The educational sector has received a major boost as Benson Idahosa University and the Royal Exchange Prudential Life recently signed a Memorandum of Understanding.
This is to help bona fide students of Benson Idahosa University who are unable to complete their fees as a result of demise of their sponsors. The University Management took this step further to ensure that student who gain admission into the University, graduate without any financial hindrance.
Speaking at the signing ceremony, the Vice Chancellor of Benson Idahosa University, Prof. Ernest Izevbigie said it is a welcome development as the University had continued to demonstrate capacity in learning.
Following the signing of the Memorandum of Understanding and exchange of documents between the leaderships of Benson Idahosa University and Royal Exchange Prudential Life, Prof. Ernest Izevbigie, attributed that the collaboration features the University’s core areas, which are Research, Teaching and Service.
He further expressed his excitement at the opportunities which the product will primarily accord the affected students with hope that greater things will come from the collaboration.
On his part, the Head of Technical Operations, Royal Exchange Prudential Life, Wale Akinrotimi said the collaboration is one of their company’s product called the Royal Tuition Plan.
This product/plan he explained will ensure that every student remains in school uninterrupted as long as the partnership with Benson Idahosa University exists. Akinrotimi said, “We are faced with a lot of contingencies in life; contingency of death and permanent disability, and we are here to partner with Benson Idahosa University to help students whenever such occurs.
For instance, if a parent dies while the child is still in this school, we would pay the school fees till he/she graduates.” He commended the University saying it’s a laudable effort because very few institutions have keyed into this.
He reiterated that the partnership is in a bid to ensure that the studentship of any child is not jeopardized as a result of the death of his/ her parents” he said.
Royal Exchange Prudential Life is the life arm of the Royal Exchange Plc. The company is licensed to underwrite life insurance and related risks.