AXA Mansard Strives to Deepen Insurance Penetration; Launches Personal Insurance Plan


Thursday, November 25, 2021 / 4:20 PM / By AXA Mansard / Header
Image Credit: Business Day

 

 

In line with company’s strategy of deepening insurance penetration in
the country, AXA
Mansard Insurance plc, a member of the AXA Group and global leader in
insurance and asset management, has announced the launch of its new Personal
Insurance product called ‘No Yawa’.

 

‘No Yawa’ is
a retail product that
covers accidental death, medical
expenses, and disability (permanent total, partial disability, total temporary).
The product provides a 24-hour coverage for any accident suffered by the
policyholder irrespective of his location- whether at home, office, or social
gatherings.

 

“Yawa” is a
colloquial name for ‘trouble’ in pidgin. This resonates across all socio-economic classes, denoting a plan
that covers any kind of trouble – injury and accident that threatens
ability and life.

 

Speaking about the product, the Chief Actuary, Mr Jolaolu Fakoya stated, “Our
aim is to give our customers the confidence to achieve their dreams without fears
or worries
. Regardless of the kind of injury suffered, ‘No
Yawa’ provides the coverage to ensure that our customers recover without the hassles
of its financial burden
.

 

Convenience being
one of AXA Mansard’s focus points, the company has made it possible to make
premium payments through a range of approved channels both physical and online
such as:

  • Any of AXA Mansard’s branches or welcomes centres.
  • The company’s digital platforms – AXA Mansard website (www.axamansard.com) and Mobile Application-
    MyAXAPlus.
  • The company phone line- 0700 AXAMANSARD (0700 292 626 7273). Existing customers
    of AXA Mansard can contact their relationship managers.

 

In his closing
remarks, the Chief Executive Officer of
the company, Mr Kunle Ahmed stated that “Even with the best precautions,
accidents are a reality of life. At AXA Mansard, we care about people and what
matters to them; this has driven us to develop this product to alleviate some of
the financial burden arising from accidents. We will continue to listen, research
and develop innovative products that add value to our people
.

 

AXA Mansard is registered as a composite company with the National
Insurance Commission of Nigeria (NAICOM). The Company offers life and non-life
insurance products and services to individuals and institutions across Nigeria
whilst also offering asset/investment management services, health insurance
solutions and pension fund administration through its three subsidiaries – AXA Mansard
Investments Limited, AXA Mansard Health Limited and AXA Mansard Pensions
Limited respectively. The parent company was listed on the Nigeria Stock
Exchange in November 2009.

 

 

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