MTN Nigeria and Mansard have unveiled an insurance scheme for the Small and Medium Scale Enterprises.
The scheme, which is under an MTN product known as ‘Y’ello Biz’, SMEs that subscribe with just 300 naira a week, will enjoy a N1m Mansard insurance cover for their businesses.
The insurance package will cover SMEs against fire, flood and other risks, adding that the Y’ello Biz, which can be bundled with voice, data and sms services, is from the stable of the MTN Y’ello Cover; a suite of insurance services offered by MTN to its network subscribers.
Director of Retail Business, Mansard Insurance, Mr. Yomi Onifade, said, “Mansard was pleased to extend its customer-focused insurance services to the SMEs, covering some of the most frequently occurring business hazards.”
Acting Chief Enterprise Solutions Officer, MTN, Mr. Tsola Barrow, said, “At MTN Business, we believe that the SMEs are the anchor of local economies and, as a critical agent for national economic development, we believe in enabling not only big businesses but also small businesses.”
According to the organizations, the platform will provide necessary insurance protection that SMEs need at affordable costs to run their businesses with peace of mind.