BOFUS Leaves BOSETU Members In The Lurch

The Monitor has learnt that NBFIRA cancelled the BOFUS Insurance brokers licence on February 24, 2021. This has not gone down well with some members of BOSETU who believe that the union has not communicated to them how they are going to solve the matter since they are still paying a monthly premiums for the funeral cover without fail.

“Members have been left in the lurch. Even up to this morning, no explanation whatsoever. They have insured their families and property. Imagine if a member has insured family members at BOFUS only. This is not fair to members at all. The union could have issued a memorandum to the members before NBFIRA wrote a letter to them or the public on what is happening, and how the problem is going to be rectified. We cannot keep on asking questions without proper answers being given,” the concerned member said.