MTN’s aYo Insurance Policy Pays Ghc14m Claims To 40,000 Beneficiaries

AYo, an insurance solution to all MTN subscribers has so far paid Fourteen Million Ghana cedis (Ghc14,000,000) claims to Forty thousand (40,000) policy holders since it’s introduction in Ghana about six(6) years ago.

Mr. Francis Gota, the Chief Executive Officer (CEO) of aYo who disclosed this at an interaction with Journalists in Kumasi added that 8.2 million customers representing 25% of Ghana’s population have so far subscribed to the various products.

According to him, aYo is the most affordable insurance policy.”AYo is here to make people’s lives better for them to enjoy quality health. We’re targeting to cover about 20 million Ghanaians by the end of 2023″.

Francis Gota said the company capitalized on the growing market demand for insurance for the whole family to create the new Family Cover product.

Francis Gota,CEO aYo

He explained that one can gets up to Ghc 120 as hospital insurance cover and up to Ghc 6,000 as Life Insurance cover anytime they recharge their airtime. Simply dial *296# to sign up now.

For the claims payment, he said it is also simple because one can simply dial *296#, select option 7 claims and follow the prompts or visit app.ayo4u.com to make a claim”.

Touching more on the new product, he said the policy gives a subscriber extra Life and hospital insurance cover for themselves and 3 family members”.

He explained that the newly launched product which is the first of its kind in the competitive Ghanaian insurance industry allows policyholders to add up to six people including themselves to enjoy the benefits of the product.

Mr Gota added that the product would also allow customers or policyholders to insure six family members between the ages of one and 69 on both life and hospitalization cover at a premium of GH¢15 each per policy, for a maximum of GH¢300 hospitalization benefit per night for each family member.

Aslo, policyholders and family members each get a maximum of GH¢15,000 life cover. Insured lives on the policy remain covered up until the age of 80, the CEO stated.

“As with aYo’s existing products, Family Cover customers must maintain active Mobile Money (MoMo) accounts to pay premiums and claim.

The CEO said the best thing one can do for his or her family and loved ones is to subscribe to the aYo policy to guarantee their future.”aYo insurance really works.let’s keep encouraging people to buy or subscribe to the product.We launched aYo Family Cover product after receiving several feedback from Ghanaians. The product allows Ghanaians to get cover for themselves and up to six (6) family members”, he added.

On his part, Nana Kwasi Gyan-Apenteng, a former Chairman of the National Media Commission (NMC) and a Consultant in Communication, endorsed the aYo insurance policy.

According to him, aYo is not just about insurance and technology but Human beings.

Nana Akwasi Gyan-Apenteng and Mr. Francis Gota, CEO aYo.

He therefore encouraged media practitioners to take keen interest to subscribe the policy themselves and educate all Ghanaians to embrace it for any life risks.

“I believed in the product because as human beings things may happen in our ways that request such support.Within your lifestyle creates a support system for yourself”, he noted.