AXA Mansard, a member of AXA, a global leader in insurance and asset management has partnered with Berkshire Finance Company Limited (“Berkshire”), a finance company to offer a flexible payment option that allows customers to pay their motor insurance premiums monthly, rather than the traditional annual payment method.
BrandSpur Nigeria the company made this known during the launch of the service recently, at their Head Office in Lagos.
By introducing this new monthly payment option, AXA Mansard aims to make motor insurance more accessible and affordable for its customers. The company understands that many people find it difficult to pay for their motor insurance in one lump sum and that monthly payments can be more manageable for many individuals and families.
With the new monthly payment option, customers can spread the cost of their motor insurance to a maximum tenor of ten (10) months, making it easier to budget for and manage their finances. The service is available to both new and existing customers and it is easy to access.
“We are excited to launch this new service for our motor insurance customers,” said Jumoke Odunlami, AXA Mansard’s Chief Customer and Marketing Officer, “We understand that paying for motor insurance can be a challenge for many people, and we want to make it easier for our customers to access the cover they need to protect themselves and their vehicles.”
Also speaking about the service, Mr. Adetola Odusote, the Chief Operating Officer of Berkshire noted, “We are excited to have partnered with AXA Mansard to champion this innovative product offering.
“We believe that this initiative will provide Nigerians immediate access to annual insurance cover at a minimal current out-of-pocket cost and align insurance premium payments with their personal cashflows considering the current economic realities.”
To take advantage of the new monthly payment option, customers can simply select the option when they purchase their motor insurance policy online or walk into any of AXA Mansard’s offices to get started.
Berkshire is a Finance Company duly licensed by the Central Bank of Nigeria to offer loans, investments, and advisory services. The company is set to play complementary roles to commercial banks with focus on offering financial intermediation, strategic advisory solutions and high-yielding investment opportunities targeted at individuals and Micro, Small and Medium Enterprises.
AXA Mansard is registered as a composite company with the National Insurance Commission of Nigeria (NAICOM).
The Company offers life and non-life insurance products and services to individuals and institutions across Nigeria whilst also offering asset/investment management services and health insurance solutions through its two subsidiaries – AXA Mansard Investments Limited and AXA Mansard Health Limited, respectively.
The parent company was listed on the Nigeria Stock Exchange in November 2009.
