Mansard, MTN pay first beneficiary of Y’ello Cover scheme

By Stanley Opara

The first insurance claim on the MTN Y’ello Cover service has been lodged and settled.

This is coming two months after the unveiling of the scheme, which is an airtime-based life insurance product offered to MTN subscribers by MTN Business, the business-to-business arm of MTN Nigeria, according to a statement by the firm on Monday.

The telecoms firm is implementing this in collaboration with Mansard Insurance Plc.

The claim was made by Mrs. Abimbola Olufunke Ogunyemi, a subscriber of MTN Y’ello Cover, who, on November 7, 2013, had a minor accident while trying to open a corked wine, the statement hinted.

According to her, the pressure she exerted on the cork caused a snap in her right wrist, making it impossible for her to use the wrist for a couple of days.

She later visited a hospital, where the doctor diagnosed "ganglion," which came about as a result of the force applied to the wrist.

MTN, therefore, said, "Following the receipt of Ogunyemi’s claim request on November 15, 2013 and completion of necessary documentation, Mansard Insurance made her an offer which she accepted. Her claim was subsequently paid on the same day her proper account details were received on December 3, 2013."

The statement quoted Ogunyemi as saying, "The service given to me was okay. I was impressed with the follow-up and quick response to disbursement of the fund. Thank you; I never expected anything."

In this light, MTN said the claim settlement was an affirmation of the role its business arm played in making lives a whole lot brighter through products and services that were tailored to meet everyday needs of customers, in line with the vision and mission of MTN Nigeria.

The telco added, "MTN Y’ello Cover is a simple and convenient way everyone on the MTN network can access an affordable life protection plan directly from their mobile phones.

"From as low as N15/day, subscribers can enjoy a N350,000 life insurance cover, which is applicable in the case of accidents resulting in permanent disability or demise."

Source Punch