AXA Mansard, a leading insurance company in Nigeria has raised the bar in quality healthcare through a strategic partnership with the U.K-based Fintech company, SympliFi, to provide Nigerians access to quality healthcare insurance.
The insurance benefits will be unlocked when customers apply and secure loans on SympliFi’s digital platform.
According to the fintech company, benefits provided by the unique insurance offering include hospitalization benefit that covers a portion of the loan payment, and a cash payout to help cover hospital costs, and a life insurance cover.
The goal is to provide financial support and quality healthcare to customers in the event that they fall ill.
Commenting on the partnership, Maurice Iwunze, CEO of SympliFi, said majority of Nigerians lack access to credit and health care, which hinders their ability to improve their livelihood, adding that the SympliFi-AXA Mansard partnership is built on a shared interest in empowering Nigerians to transform their lives and improve their wellbeing, by enabling access to critical financial and health services.
Also speaking on the initiative, Tope Adeniyi, CEO of AXA Mansard Health Ltd, said
SympliFi’s first-of-its-kind mobile App enables Nigerians in the diaspora to help their loved ones back home access affordable credit on their own, instead of sending money, by digitally backing the loan.
Through this partnership with AXA Mansard, borrowers on the platform will now also receive the extra benefit of loan protection insurance to cover them in the event of hospitalization, thereby minimizing the financial impact of unexpected medical emergencies that may affect their ability to repay the loans.