CHI Plc, Zenith Bank collaborate on e-payment

Chuks Udo Okonta

Consolidated Hallmark Insurance (CHI) Plc, said it is collaborating with Zenith Bank Plc, to make transaction process and procurement of compulsory third party motor insurance easy for clients.

A statement by the company said the effort would enable its clients pay for the policy across the bank’s counters nation-wide, adding that with the arrangement, vehicle owners, insurance brokers and fleet operators can now walk into the bank, effect payment and obtain the e-pin for processing of the motor third party insurance cover through either the product portal www.motorthirdpartyonline.com or from the company’s website www.consolidatedhallmark.com.

Its Managing Director, Eddie Efekoha, said the company embarked on the arrangement to provide numerous clients with additional options of obtaining their genuine insurance, having pioneered the online web portal payment for the product in 2008.

He noted that with the Consolidated Hallmark e-pin from the bank, clients can generate their insurance certificates from the comfort of their homes or offices within a few minutes, print the document for their immediate use or save for future use after completing a few details.

He said details of the insured vehicle are automatically uploaded to the portal of the Nigeria Insurance Industry Vehicle Database, a central registry of all vehicles with valid insurance cover.

Efekoha noted that customers have the option of making payments for the product with their ATM cards and can also obtain the policy and other classes of insurance through National Insurance Commission (NAICOM) licensed insurance agents across the country.

He said the company's motor third party insurance cover protects the holder for up to N1 million in property damage liabilities to third parties, and also covers bodily injury and death of third parties arising from the usage of the insured vehicle.