Tigo launches airtime-based insurance

VALUE ADDED SERVICES

|
Image: By BiztechAfrica
Tigo launches airtime-based insurance

Tigo Ghana has made its  Tigo Family Care Insurance product even more accessible by launching a shortcode that allows customers to self register for the product without the need for an agent. This means customers can now choose any of the 3 options to register.

With this new channel, potential Family Care Insurance customers can now register and get covered up to GHC 2,000 by dialing the short code *900# and following the prompts. They also have the options of either visiting any Tigo Customer Service Center or designated Tigo insurance agents to register. 

The Solutions Category Manager at Tigo Ghana, Abdul-Nasser Alidu noted that “The convenience of using the USSD short code is unmatched”.

He said there was a need for a product such as this in Ghana, since more than 95% of Ghanaian adults do not have access to insurance.

He indicated that by introducing the self-registration, Tigo hopes to reach the people that hitherto had no access to life insurance cover.

Since the telecom operator launched the Tigo Family Care Insurance, more than 500 subscribers have received claims from the product which was designed in partnership with Milvik (Bima) and underwritten by Vanguard Life Assurance.

The Tigo Family Care Insurance is a mobile insurance product that allows Tigo subscribers to register themselves and one close family relative for a life insurance cover. In the event of death of either the subscriber or the beneficiary, the surviving party will get a cover in the form of financial assistance.

The service has two parts: Free Model and the Xtra-Life. With the former, subscribers’ insurance cover depends on their airtime usage. For instance, every registered subscriber on the free model that uses GHC5 a month gets insurance cover of GHC 200 the following month. Subscribers can double this amount to GHC 400 and get up to GHC 2,000 if they register for the Xtra-Life and pay only GHC 1 per month.   



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE VALUE ADDED SERVICES NEWS

TNM pays K19.9m with mobile insurance

Malawian mobile network service provider TNM has announced that it has paid a total of K19.9 million worth of claims to beneficiaries of TNM Moyo Cover, the operator’s on-mobile life insurance policy. Read More

DRC mobile banking faces challenges in remote areas

Isidore Monga is a civil servant whose salary, like millions others in the Democratic Republic of Congo (DRC), is now being paid via mobile banking. Read More

Orange, Bank of Africa to offer new mobile financial services in Africa

In the coming months, Bank of Africa and Orange Money customers will be able to transfer money directly from their Orange Money account to their BOA account and vice versa simply with their mobile. Read More

Over 20m airtime advances through Pasavute

Net1 Mobile Solutions in partnership with Supa Pesa, has serviced more than 20 million airtime advance requests for the advance airtime service Pasavute from Telekom Networks Malawi (TNM).  Read More

Smart wearables market to generate $53bn hardware revenues by 2019

iWatch New findings from Juniper Research revealed that the global retail revenue from smart wearable devices will treble by 2016, before reaching $53.2 billion by 2019, compared to the $4.5 billion expected this year.  Read More

MFarmer SMS redefines market access for Ugandan farmers

Ugandan smallholder farmers are benefitting from an ambitious innovative ICT mobile phone initiative that offers weather reports and up-to-date market information about changes in prices for agricultural commodities, thus granting them lucrative returns from their farming ventures.  Read More

University of Yaounde I adopts MTN Mobile Money

Karl Toriola MTN Cameroon has signed a partnership agreement with the University of Yaounde I for the use of the MTN Mobile Money solution by students for their financial transactions with the university.  Read More

Agents say Glo Xchange will empower Nigerians

Agents of Nigeria’s super mobile money agent network, Glo Xchange have commended Globacom for the platform which is aimed at deepening financial inclusion and promoting Nigeria’s electronic payment system. Read More

Tigo Tanzania launches mobile money savings service

Millicom-owned Tigo Tanzania has launched Tigo Wekeza - “Tigo Invests” - the world’s first mobile money service that allows customers to earn automatic returns on their balance. Read More

MasterCard, Apple to Integrate Apple Pay Cardholders for mobile payment

Apple has unveiled Apple Pay that will enable MasterCard cardholders to use their iPhone 6, iPhone 6 Plus and Apple Watch for everyday purchases.  Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

MFarmer SMS redefines market access for Ugandan farmersMFarmer SMS redefines market access for Ugandan farmers

Ugandan smallholder farmers are benefitting from an ambitious innovative ICT mobile phone initiative that offers weather reports and up-to-date market information about changes in prices for agricultural commodities, thus granting them lucrative returns from their farming ventures. 

IN DEPTH

NIG President speaks his mindNIG President speaks his mind

Bayo Banjo, CEO, Disc Communications and President, Nigeria Internet Group (NIG) says the proposed licensing of infrastructure companies by the Nigeria Communications Commission (NCC) will breed corruption and entrench monopolistic practices. Kokumo Goodie reports.