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Tigo adds to mobile insurance

By Nana Appiah-Acquaye, Accra, Ghana

Tigo Ghana has introduced a new life insurance product, Xtra-Life, to its family Care Insurance plan.

The new product will enable prepaid subscribers who have signed up for the Tigo Family Care Insurance enjoy double life insurance cover for a small fee.

Tigo Family Insurance cover premiums, which previously ranged from GH.C 200 to 1,000, will now cost GH.C 400-2,000 with Xtra-Life. All subscribers who have registered for Tigo Family Care Insurance can also subscribe to Xtra-Life after receiving an SMS text message inviting them to do so.

New subscribers that sign on to the Tigo Family Care Insurance must also register specifically for the Xtra-Life and after registration commence payment in order to enjoy double life insurance cover every month.

Registered subscribers of Xtra-Life before 10th January 2012 will have the opportunity to enter a special promotion and pay 50Gp or maximum of GH.C 1.00 per month. The Insurance is renewed monthly and depends on the subscriber’s previous month’s airtime usage on the mobile network as cover levels are sent to subscribers via SMS text messages at the beginning of each month.

Tigo introduced the Family Care Insurance product in December last year to provide Tigo subscribers with affordable life insurance cover. Tigo Family Care Insurance is underwritten by Vanguard Life Assurance with MicroEnsure providing an efficient claims administration process.

More than 250,000 subscribers have so far signed up for the Tigo Family Care Insurance product from the network’s Customer Service Centers across the country.

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