Mansard rides on MTN platform for retail insurance

MTN Business, the Business-to-Business arm of MTN Nigeria, has recently launched a new service for the mass market called “MTN Y’ello Cover.”

MTN Y’ello Cover, a highly affordable, airtime-based life insurance service offered to MTN subscribers, in collaboration with Mansard Insurance plc, is a simple and convenient way subscribers can access an affordable life protection plan directly from their mobile phones.

For just N15 daily, subscribers can enjoy a N350, 000 life insurance cover. The policy covers medical expenses incurred in case of accidents and also pays benefits, in the case of accidents resulting in permanent disability or demise.

Speaking at the launch of the service, Chief Enterprise Solutions Officer, MTN Nigeria, Babatunde Osho, said “This service would help make insurance available and accessible to a vast portion of the Nigerian uninsured population. Interestingly, this initiative would eliminate the seeming complexities and paperwork often associated with insurance and make it attractive and convenient for Nigerians.”