MFS Africa has launched a mobile insurance product, dubbed Zem Aussur, unlike any other insurance product the product will be protecting drivers of motorcycles taxis in Benin; This product will be made possible by MTN Benini and Nouvelle Société Interafricaine d’Assurance (Group NSIA).
MFS is known for providing mobile financial services across the African continent to un- and under-banked individuals.
In a press statement the company said that the motorcycle taxi drivers are organised but ofen face similar challenges which include: long hours, sub-standard road infrastructure, high traffic congestion, over loading, demanding clients and – until now – no health insurance.
Zem Assur, will ensure that the drivers’ medical and pharmacy expenses, permanent disability, and death resulting from road accidents will be covered.
To sign up for this product, all the customer needs to do is get their phone and enter a simple USSD code, and pay only 5000 FCFA for one year of coverage.
According the group, premiums are collected directly from the client’s MTN Mobile Money account. The product is available to any MTN Mobile Money account holder aged 18-65.
MFS Africa chief executive Dare Okoudjousaid: “ Our objective is to provide simple, relevant solutions for African consumers using the power of mobile phones, and Zem Assur is an exciting new addition to our product portfolio.
Alain Lath Houngue, chief executive of NSIA Insurance said as a leading and trusted bank and insurance company across Africa, NSIA were proud to bring Zem Assur to its customers.
“Your ability to earn an income is our most important asset. Accident, illness and disability cover are critical to zemidjan drivers’ livelihoods and those of their families. With Zem Assur, we are extending the promise of NSIA quality coverage and care to even more Beninois,” added Houngue.
Brice Houndonougbo, head of Mobile Money at MTN Benin, is thrilled with the development.
“This product is the culmination of a good partnership between us, NSIA and MFS Africa. MTN Benin always strives to bring products that add value to our customers,” he said.
“Through Zem Assur, we can bring affordable mobile services to Zem drivers, it is reassuring to them and their families to know that they are covered while they work. Our mobile services are bringing prosperity to our customers.”
