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Heirs Insurance Group has launched a new low-cost insurance product, Flexi Comprehensive Motor Insurance, which provides comprehensive motor insurance benefits at a fraction of the cost. According to the group, this product is designed to boost insurance penetration in Nigeria.
The Flexi Comprehensive Motor Insurance plan offers three main types of auto insurance: third-party insurance, comprehensive insurance, and collision insurance. These options provide varying levels of coverage for damages and losses caused to third parties, as well as the policyholder’s vehicle.
Speaking on the new motor insurance plan, Chief Marketing Officer, Heirs Insurance Group, Ifesinachi Okpagu, said: “We have prioritised accessibility and affordability of our products to empower people to make the right choice. The Flexi Comprehensive Motor Insurance offers much more for less, and third-party motor insurance gives you the basics. No matter the decision, we want to empower people with the choices that fit their immediate needs.”
The firm revealed that the low-cost insurance plan blends affordability with robust benefits to protect customers from the steep costs associated with road accidents. The plan covers repair expenses in a motor accident for the third party and the policyholder’s vehicle, as well as medical bills, in the event of injuries.
Both the Flexi Comprehensive and the third-party motor insurance products can be purchased on Heirs Insurance Group’s website, its mobile app, and USSD (for third-party motor only) and at any of its physical locations nationwide.
Heirs Insurance Group is the insurance subsidiary of Heirs Holdings, the leading pan-African investment company, with investments across 24 countries and four continents.
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