The
FBN Insurance Limited and
Etisalat Nigeria have joined forces to launch Sure4Life, which is expected to
boost access to affordable insurance for the citizenry, reports DigitalSENSE Business News.
FBN
Insurance is a member of FBN
Holdings Plc,
while Etisalat Nigeria proud itself as a most innovative telecoms company.
DigitalSENSE Business News
gathered that Sure4Life is
an airtime-based insurance product designed to increase penetration and
consumer access to affordable insurance products via the mobile telephone.
The product, DigitalSENSE Business News also
learnt would help drive
availability and accessibility to a vast portion of the uninsured Nigerian
population and to provide Etisalat customers with one month free life insurance
cover between May and July 2014.
Director, Business
Segment at Etisalat Nigeria, Mr. Lucas Dada, told DigitalSENSE Business News that
the partnership will bring inexpensive and easy to reach insurance products to
the benefit of Etisalat’s growing prepaid and post-paid customers.
“Sure4Life is an
innovative insurance product which takes away all the challenges that may be
associated with taking an insurance policy and allows our subscribers to access
and maintain insurance coverage with ease. It is in line with our reputation as
the most innovative telecommunications company to provide such life changing
products to our customers,” he said.
Dada further said that the plan is optional and
open to all registered Etisalat subscribers that are between 18 and 80 years of
age.
Managing Director and Chief Executive Officer,
FBN Insurance, Val Ojumah, said the initiative would help correct the
inaccurate perception that insurance is only for the rich and reduce the
complexities and paperwork often associated with insurance.
“The initiative also
supports our aspiration to bring the benefits of insurance to Nigerians who
otherwise would have remained uninsured,” he said, stressing that they are proud of increasing contributions to the
growth and development of the insurance industry in Nigeria.
He further assured all stakeholders of continuous
efforts to bring the latest innovations in the business for the benefit of the
Nigerian populace. Pointing out that they believe in the strength and
sustainability of the telecommunications approach to the insurance business and
ambitions are focused on working together to further enhance the growth and
improvements over the coming years.
DigitalSENSE Business News
recalls that with a monthly insurance premium of N100 monthly, registered
Etisalat subscribers will have the benefit of a flat sum of N100,000 payable to
the beneficiary in case of demise of the policy holder and a maximum of N10,000
for medical expenses in the event of an accident.
Death benefit per any one life shall be
limited to NGN200,000 with a maximum of two Etisalat registered numbers;
whereas the medical expenses benefit per any one life shall be limited to
NGN20, 000 (maximum of two Etisalat registered numbers).
... Making SENSE of digital revolution!Pix: (L-R) Head, Retail Distribution, FBN Insurance, Odinaka Umekwe; Director, Business Segment, Etisalat Nigeria, Lucas Dada; General Manager, FBN Insurance, Segun Balogun; and Manager, Mobile Financial Services, Etisalat Nigeria, Seun Omotosho at the launch of "Sure 4 Life", an airtime-based FBN Insurance life policy in partnership with Etisalat Nigeria, held at Marina, Lagos last Friday.
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