LEADWAY Assurance has unveiled a new model comprehensive motor insurance.
The company said it would help policy holders process and get their claims in less than 5 minutes.
According to the company, the new improved insurance policy has been designed to be fast, convenient and effortless.
It noted that the solution would help vehicle owners to have a fast end-to-end process of buying comprehensive motor insurance within 120 seconds and provide guarantee of restitution in the face of risks whilst meeting the country’s legal requirement for vehicles and vehicle owners insurance.
Leadway’s Retail Head, Umashime Oguzor Doghro, stated that the unveiling of the improved policy not only aligned with the company’s continuous drive to penetrate the market, but also to provide customers with convenient access to critical risk cover.
“This strategic solution provides a win-win solution for the critical stakeholders in the insurance space – the public, insurance industry and the country at large – convenience for vehicle owners, increase in insurance products uptake for the industry and adherence to the legal auto-insurance requirement as obligated in the country,” she said.
Head, Digital Transformation, Leadway Assurance, Adeyinka Aderombi, said the new scheme would give policy holders affordable and comprehensive cover against theft, fire, third party damages, and body injuries including death.
Aderombi said the additional benefits included up to N1million cover for accidental damage to the insured vehicle or property, a limit of N1million for permanent disability to the insured and a limit of N100,000 for hospitalisation or severe injury.