Drivers who wish to purchase a comprehensive vehicle insurance policy with AXA Mansard Insurance are guaranteed to receive free Fire Insurance coverage, according to information obtained by LEADERSHIP.
The free fire Insurance package provided in the comprehensive motor policy under the ‘Double Double Promo’ can cover either household items, the house itself, or both, depending on the owner’s preference.
In addition, the ‘Awoof Xtra promo’ offers instant gift items such as mobile phones, gift vouchers, airtime, and more, to be redeemed upon purchasing a third party motor insurance policy with a fixed price of N15,000.
While this initiative is a novel approach to drive insurance adoption in the country, both promos are expected to last until the end of the year as a first step. Afterward, AXA Mansard will assess the situation with a strong determination to continue this initiative beyond this year.
In Nigeria, there are 12 million registered vehicles, out of which only a mere 3.5 million are adequately insured. This leaves a staggering 8.5 million vehicles uninsured, which this new initiative aims to address.
During the launch of the Awoof Xtra and Double Double Promo in Lagos on Wednesday, Mr. Kunle Ahmed, the chief executive officer (CEO) of the insurance company, emphasized that the Awoof Xtra promo is for third party motor Insurance policies, while the Double Double promo is for Comprehensive motor insurance policies.
He stressed that both promos are designed to increase insurance adoption, especially in the area of motor insurance, by ensuring that policyholders receive value for their money.
As a proactive underwriting firm, Mr. Ahmed stated that the company understands the difficult economic situation faced by most Nigerians, resulting in less disposable income. This is why the company is offering free additional fire insurance cover for every comprehensive motor policy purchased through any of its platforms.
Mr. Ahmed promised that despite the promo, the company will not compromise on its high standards. AXA Mansard always relies on feedback from customers to develop new initiatives, as the company is committed to meeting the needs of its customers.
On her part, Jumoke Odunlami, the chief Customer and Marketing officer of AXA Mansard Insurance, stated that the promo addresses the needs of customers and drives insurance awareness and penetration, particularly in motor insurance. Interested individuals can purchase or renew their third party or comprehensive insurance policy through various channels including the company’s website, using a scratch card, debit card, or through any of its advisors.
“If you purchase your third party motor policy through AXA Mansard, you stand a chance of receiving an instant gift. The process is as follows: purchase the scratch card, scratch the redeem gift panel at the back of the card to redeem your gift instantly, visit our website using your debit or scratch card for purchase, complete the displayed third party motor insurance form, and claim your instant gift, which could be a mobile phone, gift voucher, airtime, and more. Here, everyone is a winner,” she explained.
Regarding comprehensive motor insurance, Ms. Odunlami stated that motorists who purchase a new policy or renew their existing policy between now and the end of the year will automatically receive additional free fire insurance coverage. Upon completion of the motor policy form and providing the necessary information to initiate the free fire policy, they will be presented with a certificate.
Rashidat Adebisi, the chief Client officer of AXA Mansard Insurance, mentioned that the promo was a response to feedback from customers as well as a response to the current economic reality. As a proactive insurer, the satisfaction of policyholders is a top priority for the company.
She emphasized that customers always come first in everything the company does or is doing. Despite the promo, AXA Mansard will continue to provide premium and exceptional services to its numerous customers. Even though the products are affordable and pocket-friendly, the company will not compromise on quality.
Adeola Adebanjo, Divisional Director, Retail, AXA Mansard Insurance Plc, highlighted that the company has always played a significant role in deepening insurance penetration. The promo is one of the avenues to increase the subscription of motor insurance among the 8.5 million uninsured motorists in the country.