Vodafone Ghana in partnership with StarLife Assurance Company has launched a travel companion for its Vodafone Cash subscribers following the launch of its recent Vodafone Cash Agent Insurance product.
The unique product, Vodafone travel companion, has been designed to insure customers against death, permanent disability and hospital admissions, which result from a car, train or ferry accident.
Speaking at the launch, Martison Obeng-Agyei, Head of Vodafone Cash said, “According to the National Road Safety Commission, over 1, 250 Ghanaians lost their lives between January and July, just this year; and over 7,000 Ghanaians were injured during this period. Accidents are inevitable and it is always important to plan for the unexpected. At Vodafone, innovation runs through the very fabric of our organisation. In a fast moving industry like ours, you do not rest on your laurels hence the need to launch this pioneering initiative, our insurance product for our customers.”
“This product will definitely redefine insurance product development in the industry and the country at large. Customers have options to choose daily, weekly or monthly premium payment plans. Travel Companion has seven unique insurance products. For as little as Ghc 5.50 monthly a customer is entitled to a cover worth Ghc 1500; Ghc 500 should they be admitted at the hospital, Ghc 500 should they suffer any disability, and 500 cedis should they pass away , touchwood. Customer who desire a heavy cover, can go for the Ghc 39.05 monthly which entitles a customer to a Ghc15, 000 cover; Ghc 5000 should they be admitted at a health facility, Ghc 5000 should they suffer any disability, and 5000 cedis, should they pass away, touchwood” he explained the product.
For his Head, Group and Distribution for StarLife, Mr Alex Twumasi, said “After a good research on the market, we scanned the market and realised that clients especially those in the informal sector really needed a travel insurance. This has never happened because most of the covers out there go basically for a niche market but we are coming for the mass market; the ordinary mate or seller can easily patronise this policy using the Vodafone Cash platform.”
Mr. Obeng-Agyei urged Ghanaians to buy the travel insurance policy in this festive season. “There are millions of people who are going to travel and we hope not but definitely there might be one or two accidents and you can call on StarLife and your claims will be paid to you”.
Vodafone Cash has become integral in the promotion of a cash - lite society in Ghana with its varied initiatives and products that continue to excite Ghanaians since its inception in Ghana three years ago. It is currently the only mobile money operator that allows customers to send money from their wallets to other Vodafone Cash wallets without charges.