By Muyid Deen Suleman
Kumasi, July 12, GNA – aYo Ghana, a micro-insurance outlet and a subsidiary of MTN Ghana, has launched a new insurance package to provide up to GHS15,000.00 life cover at a colourful ceremony in Kumasi.
Dubbed aYo Family Cover, the insurance policy also provides GHS300 per night hospitalisation cover for the policy holder and beneficiaries listed in the package.
Mr. Francis Gota, the Chief Executive Officer (CEO) of aYo Ghana, explained that the Family Cover policy, available on *296#, was in response to feedback from customers who wanted a higher sum assured at an affordable rate.
He said the new insurance policy provided a safety net for the vulnerable populations as it allowed them to recover and rebuild their livelihoods after adverse events.
It also helped to protect against high medical expenses, facilitated timely access to healthcare, and promoted preventive care, contributing to better health outcomes, he added
Mr Gota hinted that, aYo insurance products and services were specially designed to provide low to middle income earning Ghanaians with financial support to cater for funeral expenses of loved ones and building household resilience to risk.
He said the new product was not just an insurance policy but also a comprehensive affordable solution tailored to safeguard Ghanaian families.
With as little as GHS10 and GHS15 monthly premium, subscribers got GHS10,000 and GHS15,000 life cover to support funeral expenses of family members, or GHS200 and GHS300 daily hospital admission cover, he said.
In addition, policyholders can receive 10 per cent cash back if no claims are filed within the first 12 months.
According to him, aYo has insured over 8.2 million lives, paying over GHS14 million claims to over 40,000 beneficiaries since 2017.
“Insurance does not only give us peace of mind, but also protects us against unexpected financial shocks caused by events such as illness, death, accidents, and natural disasters amongst others, the CEO observed.
Mr Simon Amoh, Senior Manager General Trade for MTN- Ghana, encouraged customers to ensure they had sufficient funds in their MoMo wallet to have the full benefits of the policy.
GNA