MTN Yello Cover’s First Beneficiary Gets Settled

JAN 02,2014.


The first insurance claim on the MTN Yello Cover, the affordable and airtime-based life insurance product offered to MTN subscribers by the business-to-business arm of MTN Nigeria, in collaboration with Mansard Insurance Plc., has been lodged and settled. The settlement came barely two months after the launch of the service.

The claim was made by Mrs. Abimbola Olufunke Ogunyemi, a subscriber of MTN Y’ello Cover, who on November 7, 2013, had a minor accident while trying to open a corked wine.

According to her, the pressure she exerted on the cork caused a snap in her right wrist, making it impossible for her to use the wrist for a couple of days. She later visited a hospital, where the doctor diagnosed “ganglion,” which came about as a result of the force applied to the wrist.

Following receipt of Mrs. Ogunyemi’s claim request on November 15, 2013 and completion of necessary documentation, Mansard Insurance made her an offer which she accepted. Her claim was subsequently paid on the same day her proper account details were received on December 3, 2013.

“The service given to me was okay. I was impressed with the follow-up and quick response to disbursement of the fund. Thank you; I never expected anything,” said the excited Mrs. Ogunyemi.

Indeed, the claim settlement is an affirmation of the leading role MTN Business plays in making lives a whole lot brighter through products and services that are tailored to meet the everyday needs of customers, in line with the vision and mission of MTN Nigeria, the telecoms company said in a statement.

MTN Y’ello Cover is a simple and convenient way everyone on the MTN network can access an affordable life protection plan directly from their mobile phones. From as low as N15/day, subscribers can enjoy a N350, 000 life insurance cover, which is applicable in the case of accidents resulting in permanent disability or demise.