INSPENONLINE: MTN partners Mansard Insurance on mobile insurance servic

Thursday 24 October 2013

MTN partners Mansard Insurance on mobile insurance servic

Chuks Udo Okonta

MTN Nigeria in partnership with Mansard Insurance Plc has launched a new service for the mass market called “MTN Y’ello Cover.”

A statement from the telecoms company said MTN Y’ello Cover, is a highly affordable, airtime-based life insurance service offered to its subscribers through a simple and convenient means.

It noted that subscribers can access an affordable life protection plan directly from their mobile phones, for just N15 daily, and that they would enjoy N350, 000 life insurance cover. It added that the policy covers medical expenses incurred in case of accidents and also pays benefits, in the case of accidents resulting in permanent disability or demise.

Chief Enterprise Solutions Officer, MTN Nigeria, Babatunde Osho, at the launch in Lagos, said “This service would help make insurance available and accessible to a vast portion of the Nigerian uninsured population. Interestingly, this initiative would eliminate the seeming complexities and paperwork often associated with insurance and makes it attractive and convenient for Nigerians.”

Osho added that this innovation is coming on the heels of MTN’s mission of providing tailor-made solutions that meet the everyday needs of its teeming subscribers thus enriching the quality of lives of Nigerians.

Assistant General Manager, Marketing, Mansard Insurance plc, Taiwo Adeleye, said “Life Insurance is not the exclusive reserve of the rich or educated, everybody should have insurance. The importance of having insurance cover cannot be over emphasized and what our partnership with MTN has done is to enable Nigerians access this really affordable platform with convenience and ease.”

With MTN Y’ello Cover, subscribers on the MTN network can enjoy the convenience of paying on a daily basis and not have to worry about upfront payments. The service underlines the frontline role of MTN Business in leading the delivery of a bold, new digital world and making customers’ lives a whole lot brighter, in line with the vision and mission of MTN Nigeria. This service is offered in collaboration with Mansard Insurance plc.

1 comment:

Unknown said...: Thanks for the sharing this informative blog. Nigeria has taken a massive step in the field of mobile phone insurance. Keep it up..! looking forward for some more other information about the same.; 19 November 2013 at 00:41

Lawal is Inspen 2014 insurance man of the year

The former President Chartered Insurance Institute of Nigeria (CIIN) Fatai Lawal has emerged the 2014 Inspenonline Insurance Man of the year.

Fatai who is the the Managing Director Sterling Assurance Nigeria Limited was named today, at the Nigerian Insurance and Pension Award organised by Inspenonline.

Chief Executive Officer Inspenonline Media, Chuks Udo Okonta, said Lawal was picked from the votes casted by the public and other considerations made by the award's panel of assessors.

He noted that the winner raised the bar at the the Institute and the industry by opting to serve a tenure which was eventful and impactful. He added that amongst the legacies left by the winner was the printing and donation of Insurance books to secondary and tertiary institutions aimed at deepening insurance awareness.

Okonta noted that the award, which started two years ago with the recognition of two distinguished individuals and an underwriting company, has now come to stay.

"This year, we decided to raise the bar by setting high standards to judge the operations of companies and impacts made by individuals in moving insurance and pension business forward.

"To achieve this, we gave the public the opportunity to select those to be celebrated by calling for votes. Having harmonised the votes which came from different parts of the country, we benchmarked the scores with the set standard to arrive at the winners we are celebrating today," he said.

Others winners are AIICO Insurance Plc, Insurance company of the year; FUG Pensions Limited, Pension Fund Administrator of the Year; YOA Insurance Brokers Limited and Glanvill Enthoven Insurance Brokers Limited, Insurance Broker of the year.

Professional Excellence Award went to Professor Joe Irukwu; Best Professional Group went to the Chartered Insurance Institute of Nigeria and Association of Registered Insurance Agents of Nigeria; Corporate Brand went to Mansard Insurance Plc and Leadway Assurance Limited while Corporate Social Responsibility Award was won by Sovereign Trust Insurance Plc.

The organisers also recognised organisations that distinguished themselves, with Excellence Award. Organisations in this category include the National Pension Commission, Lagos State Pension Commission, Goldlink Insurance Plc and Pension Transition Administration Directorate.

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