The Guardian (Nigeria)
Insurer provides cover for Aba tricycle riders
IDENTIFYING the need to diversify insurance products to meet the needs of every Nigerian will help to deepen insurance penetration, industry experts have said.
The Managing Director, Universal Insurance Plc, Ben Ujoatuonu, in an interview with The Guardian at the weekend, spoke on the unveiling of an insurance product called Keke Pass in Umuahia and Aba for the Tricycle Owners Association of Nigeria ( TOAN) and Aba Tricycle Riders Integrated Welfare Association ( ATRIWA) in Abia State.
Ujoatuonu said the product became necessary because conventional insurance products do not consider the peculiarities of ordinary Nigerians.
According to him, Keke Pass is a tricycle passenger policy safety scheme intended to provide personal accident cover for the riders and their passengers in terms of injury, death and third- party liability.