AXA Mansard Insurance Plc, a member of AXA Group, has unveiled a Business Insurance Plan to serve Nigerians better.
The initiative specifically targets Small and Medium Enterprises(SMEs) growth.
According to the insurer, the Business Insurance Plan (BIP) is a one-stop insurance solution that addresses the business risk exposures of SMEs.
It is a pot-pourri of highly beneficial insurance risks management solutions bundled together, including Business Content, Group Personal Accident, SME Life, Health Care, Public Liability, Optional Covers, Professional Indemnity, Comprehensive Motor, Stock and General Conditions.
Speaking at the launch event, the Chief Executive Officer of the Company, Kunle Ahmed said, “Our aim is to deliver appropriate solutions for SMEs at a competitive price. It is our expectation that this product will enable SMEs hedge risks they face and focus on strategising and growing their businesses knowing that they are protected.
“With 17.4 million SMEs in Nigeria, the role they play in economic growth and development cannot be overemphasised. They are a significant force in reducing unemployment and accelerating GDP growth. We are therefore very excited to be able to provide this innovative solution that ensures they continue to thrive.