Airtel subscribers can now access hospitalization and life insurance cover up to the tune of N500, 000 and N50, 000 respectively by recharging as little as N1, 000 every month.
The Chief Commercial Officer, Airtel Nigeria, Maurice Newa stated yesterday at the launch of “Airtel Insurance” in Lagos that the company was rolling out the service in partnership with Micro Ensure and Cornerstone Insurance Plc.
Newa who said the product has been endorsed by the National Insurance Commission (NAICOM) noted that customers are not required to pay premium and as a result, they get the cover free.
According to him, the product is open to all Airtel subscribers between the ages of 18 and 65 years, adding that all they need to do is dial *259# to register for the service.
He explained that customers can qualify for this insurance by recharging as little as N1, 000 with Airtel each month, and as they increase their monthly recharge, they earn more insurance cover with up to N500,000 and N50,000 of life insurance and hospitalisation cover per month.
He said the insurance becomes active on the first day of the month following registration, and is based on the amount of airtime recharged the previous month with a minimum monthly recharge of N 1,000.
Newa said customers also have a variety of packages to choose from noting that with a monthly recharge of N1,000, the insurance sceheme gives the customer N10,000 hospitalisation and N100,000 life insurance while N5,000 recharge will earn customers as much as N25,000 hospitalisation and N250,000 life insurance.
He added that a N10,000 recharge will attract N50,000 hospitalisation and N500,000 life insurance.
He said: “The product, which is tagged Airtel Insurance is packaged to deliver affordable insurance services and encourage insurance culture among Nigerians. It is first of its kind in Nigeria and has been endorsed by the National Insurance Commission (NAICOM).
“All hospitalisations are covered, both for natural and accidental causes, with no medical exclusions, making it the most widely accessible and generous free. Majority of Nigerians especially the middle and low income earners cannot afford most available insurance policies due to income levels and complicated insurance processes.” He said the insurance plan on the other hand was designed to make affordable insurance available to everyone in a simple manner.
