Etisalat and the insurance arm of First Bank, FBN Insurance have announced a new life insurance product Sure4life. The new product is designed to offer insurance cover to Etisalat’s prepaid and postpaid customers who may not have access to regular insurance and provides life cover for up to N100,000 limited to 2 beneficiaries and a maximum of N10,000 per beneficiary (also limited to 2 beneficiaries) for medical expenses in the event of an accident.
Etisalat subscribers to the plan will pay a monthly insurance premium of N100 monthly via airtime deductions on to stay eligible for claims.
Insurance is on of the services that is gradually being taken to a broader audience via mobile products. MTN already offers life insurance and health insurance via two separate mobile based products–Y’ello cover and Y’ello health respectively.
You will find more details about the package on the FBN Insurance website.