Protecting the average or low-income earners and small businesses in the informal sector from vulnerability caused by a natural disaster of the saddened illness or death of a family member is what micro-insurance is said to focus on.
The traditional insurance companies in Africa have abandoned this group of people in our economy and have been left to their fate when the uncertainty happens.
MTN and Momentum Metropolitan Holdings’ (MMH) joint venture is showing the world just how central technology and adapting companies’ strategies to tender more to the poor and forgotten consumers in far-flung areas can pay off.
It is now eyeing Cote d’Ivoire where it plans to launch in March 2021 aYo brings you an easy way to get hospital cover for accidents (not illness) and life cover.
You simply register on your cellphone for aYo Recharge with Care and get a minimum of 30 day’s free cover every time you load MTN airtime. aYo send with Care cover the money you send home or use to pay your school fees through MTN Mobile Money.