Thursday, February 25African Business News
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Tag: Benedict UjoatuonuOkada Pass

Underwriter targets riders with new offering

Underwriter targets riders with new offering

Business
There is relief for motorcycle riders as an underwriting firm, Universal Insurance, has introduced a compensation plans for riders in case of accident. The initiative, titled, “Okada Personal Assurance and Safety Scheme (Okada Pass),” is aimed at ensuring the safety of riders and their passengers on Nigerian roads. The Managing Director/Chief Executive Officer of the firm, Benedict Ujoatuonu, said the new plan is designed to provide cover for personal accidents to the insured Okada rider. The products will also be sold as an individual policy and as a group scheme to riders. The premium will depend on policy choice, and the scheme comes in five different plans, which are Jeje Cover, Carry-Go Cover, No-Shaking Cover, Confaam Cover and Digital Bike Cover. Ujoatuonu said: “The le...