Airtel
Nigeria has collaborated with MicroEnsure and Cornerstone Insurance in order to
launch its latest, free insurance product. The product offers Airtel customers
life and hospitalisation insurance with increasing benefits based on monthly
airtime recharge.
The
product, which is named Airtel Insurance is packaged to deliver insurance
services and encourage insurance culture among Nigerians. According to Airtel,
the product has been endorsed by the National Insurance Commission (NAICOM). It
is open to all Nigerian residents between the ages of 18 and 65 years. Dial
*259# to register for the service.
All
hospitalisations are covered, both for natural and accidental causes, with no
medical exclusions, making it widely accessible and generous free insurance
cover in the country.
Airtel
Insurance rewards Airtel customers with a renewable monthly life and
hospitalisation cover based on the amount of monthly airtime recharged.
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 N 500,000 and N50,000 of life insurance and
hospitalisation cover per month. Airtel Insurance becomes active on the first
day of month following registration, and is based on the amount of airtime
recharged the previous month, with a minimum monthly recharge of N 1,000
Customers
also have a variety of packages to choose from. With a monthly recharge of
N1,000 Airtel insurance 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. A N10,000 recharge will attract
N50,000 hospitalisation and N500,000 life insurance.
