">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Friday, January 22, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Telcos

Airtel takes lead in offering life insurance plan to Nigerian subscribers

Robin Okuthe by Robin Okuthe
6 years ago
in Telcos
6 min read
0

Telecommunications operator Airtel Nigeria has partnered with MicroEnsure and Cornerstone Insurance, two of Nigeria’s leading insurance firms, to launch a free insurance product that provides its mobile subscribers with hospital and life insurance.

Airtel Nigeria

Dubbed Airtel Insurance, the world’s latest insurance product will deliver reasonably priced insurance services based on monthly airtime recharge.

The product, which has already been endorsed by the National Insurance Commission (NAICOM), becomes an archetype globally. The insurance covers all forms of hospitalisation, whether from accidental or natural causes. According WorldStageGroup, a Nigerian blog, the new service is expected to become the most widely accessible and free insurance cover in the country.

Airtel said customers can qualify for the insurance by recharging as little as N1,000 (approx $6) with Airtel each month. As they increase their monthly recharge, they earn more insurance cover – with up to N500,000 (approx $3075) and N50,000 (approx $308) of life insurance and hospitalisation cover per month.

In a statement, Airtel said the insurance becomes active on the first day of each month after registration, adding that it is based on the amount of airtime recharged the previous month, with a minimum monthly recharge of N 1,000.

Airtel Nigeria’s chief commercial officer Maurice Newa explained that majority of Nigerians, particularly, the middle- and low-income earners cannot afford most available insurance policies due to income levels and complicated insurance processes.

Related posts

safaricom

Safaricom Issues Serious Changes They Will Be Making In 2021

December 21, 2020
0

Scammers Are Back With A New Festive Plan To Steal Money From You Using Safaricom

December 18, 2020
0

Rwanda’s Biggest Mobile Provider Runs To Government For Help After Facing Serious Competition From Airtel

December 17, 2020
0
Wole Abu, CEO Liquid Telecom and ADC Nigeria

Liquid Telecom appoints Wole Abu as CEO for Liquid Telecom and its new Africa Data Centre in Nigeria

December 14, 2020
0

In his view, the Airtel Insurance plan is designed to make affordable insurance available to everyone in a simple manner.

READ  CEO Weekends: Airtel, Tigo in mobile money interoperability deal

“In line with our vision to enrich the lives of Nigerians and offer them quality services, Airtel Nigeria collaborated with two very reputable insurance organisations to package this innovative product which guarantees our customers quality, affordable and accessible insurance services. This further corroborates Airtel’s commitment towards creating a robust platform that helps customers accomplish their professional and personal success and goals in life,” Newa said.

The statement was echoed by Peter Gross, Regional Director for MicroEnsure Africa. He added that MicroEnsure is proud to be pioneering a mobile insurance provider, and the launch in Nigeria marks a milestone in free mobile insurance offerings.

Gross stated: “This combination of insurance products, all offered for free, is unprecedented in the industry here, and we take pride in introducing a cutting edge micro-insurance product here in Nigeria.”

Mr. Ganiyu Musa, Group MD of Cornerstone Insurance PLC, said, “Cornerstone is delighted to be at the forefront of providing truly innovative products and channels combinations that address the Nigerian situation. That we are grossly under-insured as a nation is very well documented; we are glad to be able to provide a platform for millions of financially excluded Nigerians to enjoy the benefits and peace of mind of insurance – for free. As we say at Cornerstone, “The Future” is, indeed, “Assured.”

Airtel Insurance is open to Nigerians aged between 18 and 65 years. To register, users should dial *259#.

Readers 1,090

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: AirtelAirtel Nigeriamobile insurance. Airtel Insurance
Robin Okuthe

Robin Okuthe

Related Posts

safaricom
Telcos

Safaricom Issues Serious Changes They Will Be Making In 2021

December 21, 2020
0
Telcos

Scammers Are Back With A New Festive Plan To Steal Money From You Using Safaricom

December 18, 2020
0
Telcos

Rwanda’s Biggest Mobile Provider Runs To Government For Help After Facing Serious Competition From Airtel

December 17, 2020
0
Wole Abu, CEO Liquid Telecom and ADC Nigeria
Leadership

Liquid Telecom appoints Wole Abu as CEO for Liquid Telecom and its new Africa Data Centre in Nigeria

December 14, 2020
0
People

MTN’s Oliver Fortuin to take over as SEACOM Group CEO as Byron Clatterbuck resigns

December 10, 2020
0
Telcos

Airtel Kenya, Nokia Establishing 5G Network

December 2, 2020
0
mpesaglobal
Telcos

M-Pesa May Soon Be Forced To Split From Safaricom And Work Independently

November 20, 2020
0
Business

Safaricom CEO creates new positions, merges others in a consolidation move

November 18, 2020
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Aerobotics Raises $17 Million Led by Naspers To Scale AI for Agriculture Globally

January 21, 2021

Tanzanian money remittance startup NALA is launching in the UK

January 21, 2021

Startup Guide to release of Startup Guide Nairobi

January 21, 2021

Nokia C1 Plus now available in Kenya for Ksh 9,000

January 21, 2021
kplc

Kenya Power Rolls Out A Smart Metering Project Across The Country

January 21, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: