Zenith General Insurance unveils mobile payment platform

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Zenith General Insurance Company Limited, commonly called Zenith Insurance has partnered with MTN Nigeria to provide the first mobile insurance service in the country.

Using the USSD code *5966#, customers can now buy third party motor insurance and personal accident insurance on the go, on their mobile phones, whether or not they have access to the internet.

 Speaking at the launch of the product in Lagos recently, the chief operating officer of MTN Nigeria, Mr. Mazen Mroue, said the company was glad to provide the platform for digital insurance.

“Financial Inclusion is imperative for economic development and access to insurance is a key component of this. MTN is glad to be the enabling platform for the delivery of digital insurance through mobile phones. We congratulate, Zenith General Insurance and Prudential Zenith Life Insurance for courageously blazing a trail.”

For his part, the chief executive officer of Zenith Insurance, Mr. Kehinde Borisade, said the company was in business to proof wrong the misconceptions about insurance companies, especially in developing countries.

“There are a lot of misconceptions around the concept of Insurance especially in developing nations such as ours. We at Zenith Insurance are committed to dispelling those notions of insurance being an abstract concept sold by weary old men in dusty shoes, who are nowhere to be found the minute you have a claim.

We are bringing Insurance to the fingertips of the ordinary Nigerian who is looking for convenience in his day to day dealings, as well as speed in service delivery. The USSD platform is something that anyone, anywhere, as long as they have a mobile phone can have access to. You don’t even need to have a data plan,” he said.

He said customers have the opportunity to purchase mandatory third-party motor insurance to cover damages to other motorists and their vehicles.

They can also buy personal accident insurance policy that provides purchasers and their loved ones the assurance that should they suffer any injury that results in disability or death, they will be compensated financially for treatment, hospitalisation, time out of work or permanent disability. Within two minutes, he said anyone anywhere in Nigeria can have an Insurance policy.

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