{"id":1215285,"date":"2022-10-03T09:42:31","date_gmt":"2022-10-03T09:42:31","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/10\/03\/ayo-insurance-introduces-annual-cover-on-recharge-with-care\/"},"modified":"2022-10-03T09:42:31","modified_gmt":"2022-10-03T09:42:31","slug":"ayo-insurance-introduces-annual-cover-on-recharge-with-care","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/10\/03\/ayo-insurance-introduces-annual-cover-on-recharge-with-care\/","title":{"rendered":"aYo insurance introduces annual cover on Recharge with Care"},"content":{"rendered":"

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Leading mobile microinsurance provider, aYo Intermediaries Ghana has introduced a new feature on its Recharge with Care (RwC) policy, which allows customers to make a one-time premium payment for a full annual cover.\u00a0<\/p>\n

This comes after five years of standing tall in the microinsurance space and impacting thousands of lives with their Recharge with Care and Send with Care insurance products, both of which provide life and hospital covers.<\/p>\n

The new feature allows customers to pay \u00a2130 for a full year\u2019s cover.\u00a0Hitherto, customers only paid a monthly premium of \u00a26 whenever they recharge MTN airtime and are provided with monthly life and hospital cover.<\/p>\n

According to the company, the introduction of the new feature was based on feedback from customers.<\/p>\n

\u00a0Chief Executive Officer of aYo Ghana, Francis Gota said \u201cThis feature aims at addressing the situation in which customers have lost out on claims due to premium payment issues. It will also eliminate complaints about frequent airtime deductions and why their benefits keep changing\u201d.<\/p>\n

He noted that when a customer purchases the Recharge with Care Annual Insurance Policy, the benefits available to them include a static Life Cover Benefit of \u00a26,000 for the Policyholder, a static Life Cover Benefit for one Family Member, \u00a2120 per night for Hospitalization Cover for the Policyholder and a 10% No Claim Cashback bonus.\u00a0<\/p>\n

The 10% Cashback Bonus means that if the policyholder does not make any claims during the cover\u00a0period, he or she will receive 10% of the premium paid, which is \u00a213.<\/p>\n

The annual cover feature also allows existing customers who are on either life or hospital cover to get both life and hospital once they pay the one-time annual premium of \u00a2130.<\/p>\n

Signing On\u00a0<\/strong><\/p>\n

According to Francis Gota, customers can sign up by dialling *928*101#,<\/strong> then follow the prompts and make instant payments, or aYo\u2019s Call Centre agents would contact the customer via 0244300000 to assist with the sign-up process. \u00a0<\/p>\n

\u201cOnce payment is made, the customer will receive an SMS confirming their payment, the benefit amount, start date, and cover expiry date, and the customer\u2019s benefits are calibrated on the portal for visibility.<\/p>\n

\u201cA 30-day waiting period applies to the policy. During the waiting period, only accidental hospitalization and death claims are admissible,\u201d the CEO explained.<\/p>\n

The Annual cover feature, the CEO said, is available to\u00a0existing aYo customers who are already on both Life and Hospital covers on RwC and want the additional policy, as well as non-aYo customers who are MTN subscribers.<\/p>\n

aYo Intermediaries recently celebrated its fifth anniversary in Ghana, during this period it has served over 7.9 million customers and counting, and has paid out about GHS10.56 million in claims to over 32,524 policy holders and beneficiaries.<\/p>\n

The company recently picked up two top awards at the Ghana Insurance Association Awards 2022, stamping its authority on the country\u2019s microinsurance space. The two laurels were the Mobile Insurance Leadership Award and the Best Growing Intermediary Firm of the Year.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Leading mobile microinsurance provider, aYo Intermediaries Ghana has introduced a new feature on its Recharge with Care (RwC) policy, which allows customers to make a one-time premium payment for a full annual cover.\u00a0 This comes after five years of standing tall in the microinsurance space and impacting thousands of lives with their Recharge with Care […]<\/p>\n","protected":false},"author":1,"featured_media":1215286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[6795,7178,2421,2652,1289,2448,6048],"class_list":["post-1215285","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-annual","tag-ayo","tag-care","tag-cover","tag-insurance","tag-introduces","tag-recharge"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1215285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1215285"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1215285\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1215285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1215285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1215285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}