MTN Biz Life is an affordable,
airtime-based life insurance service from the suite of MTN Y’ello Cover, a
portfolio of insurance services brought to you by MTN. It is a simple and
convenient way MTN subscribers can access an affordable life protection plan
directly from their mobile phones.
With a minimum spend of N200 per
week on airtime, subscribers enjoy a FREE
N100,000 life insurance cover valid for one week. This cover is applicable in
the case of accidents resulting in permanent disability or demise. MTN BizLife
is offered in collaboration with Mansard Insurance plc.
Why MTN Biz Life
Insurance is sometimes perceived to
be complicated, involving a lot of paperwork and expensive. As such a large
portion of the population has gone uninsured. MTN Biz Life, is a service that
addresses this situation.
- Firstly, the insurance cover can be accessed in just a
few minutes meaning no long paperwork.
- Secondly, it costs nothing. All you need to do is spend
a minimum of N200 per week of your airtime, which qualifies you for a FREE
cover valid for one week
- Thirdly, it is a pay-as-you-go service meaning you enjoy the convenience of making your normal calls and getting extra for it
The MTN Biz Life policy provides
benefit in the form of an agreed cash payment to a named beneficiary of a
deceased subscriber, or to a subscriber in the case of permanent disablement as
a result of accident.
To enjoy the service, simply SMS
‘bizlife’ to 131 or dial *460*4# and follow the prompt. Then spend a minimum of
N200 every week to enjoy FREE 7 day insurance cover valued at N100,000.
No Premiums are payable and no
deductions are made from the subscriber’s airtime. To enjoy this service every
week, all you need to do is make a minimum spend of N200 of your airtime per
week .
The policy grants cover for 7 days as
long as weekly minimum spend of N200 is made, however, the policy ceases once a
death or total permanent disability claim is paid.
The sum assured becomes payable to
your named beneficiary(s)
If a minimum of N200 is not spent during
a valid week of being insured, policy shall lapse without value and the life
assurance benefit under the policy shall cease to be payable.
If the
customer spends over N200 during the policy term, the customer shall be
entitled to only one 7-day Life Insurance the following week. For example, if
customer spends N1,000 while enjoying the Biz Life Insurance cover, customer
shall only be eligible for another week of Biz Life cover NOT 5 weeks.
Between 18 – 60 years of age.
And the minimum sum assured is N100,000.00
