Allianz Life partners MTN to launch insurance service for MoMo customers

Allianz Life Insurance Ghana Limited and Ghana’s leading mobile financial services provider, Mobile Money (MoMo) Limited have launched a life insurance product, named “Allianz4Life".

The product has been carefully crafted to provide convenient life insurance solutions to the millions of customers of both brands.

The launch was held on Wednesday, January 26, 2022, at the African Regent Hotel. The colourful ceremony saw the CEOs of both companies and the Brand Ambassador of the product, popular Ghanaian Actor Mikki Osei Berko leading the launch of the product.

Allianz4life is a Life Insurance product which provides customers with cover for hospitalization, disability and death with as low as GHS3.00 to a maximum premium of GHS22.

This guarantees Sum Assured amounts from GHS1,000.00 to GHS10,0000 in the event of death and a hospitalisation benefit ranging from GHS10 to GHS100.00 per night if one is admitted in the hospital for 30 nights in a year.

Speaking at the launch, the Chief Retail and Marketing Officer of Allianz Life, Jane Kitome stressed that the product will provide convenience to customers by offering insurance at the fingertips of anyone that subscribes.

On his part, Mr. Gideon Ataraire who is the CEO of Allianz Life Insurance said, “Allianz life is excited about the Allianz4Life product and the partnership with Mobile Money Limited. We look forward to securing the lives of our customers through the MoMo platform; thus, providing speed and convenience in the delivery of life insurance solutions.”

Delivering his address at the launch, the Chief Executive Officer of Mobile Money Limited, Mr. Eli Hini commended Allianz Life for the bold initiative to digitalise their product and for choosing to partner his outfit.

He noted that the MoMo API platform has been a great success for entrepreneurs who are taking advantage of the platform to grow their business.

“MTN’s Ambition 2025 is anchored on building the largest and most valuable platform business and the implementation of this strategy will be accelerated through selective partnerships and the leveraging of MTN’s brand which is the most trusted and valued in Africa,” he shared.

Mr. Eli Hini welcomed Allianz4 Life unto the MoMo platform and urged all customers to sign on the service.

The partnership between Allianz Life and Mobile Money Limited signifies the continuation of a meaningful relationship and the prospects of many more innovative products which will delight customers of both brands.

Today’s launch of Allianz4 Life was attended by representatives of the National Insurance Commission (NIC), the media as well as the leadership of both companies.