FBN Insurance Limited and Etisalat Nigeria has launched “Sure4Life” an airtime-based insurance product designed to increase penetration and consumer access to affordable insurance products via the mobile telephone.
The General Manager, FBN Insurance, Mr Segun Balogun while presenting the product to the media in Lagos said the product will help drive availability and accessibility to a vast portion of the uninsured Nigerian population and will provide Etisalat customers with one month free life insurance cover between May and July 2014.
On process of claims payment he said it takes maximum of 72 hours for the claims to be made after the customer has made the initial complain to the company, adding that cheque will be paid to the customer.
Speaking on performance of paddy 4 life introduced last year he said it was a huge success and Sure 4 Life will be a bigger success because is an advance of paddy 4 life, adding that they have settled one or two claims on the product
Also speaking at the event, Business Segment at Etisalat Nigeria, Lucas Dada, said 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.”
Dada added that the plan is optional and open to all registered Etisalat subscribers that are between 18 and 80 years of age.