(Business in Cameroon) - Insurer Atlantique assurance Cameroun IARDT, member of Atlantic Group, launches today April 18 in Yaoundé “Assur Tous” its health and accident coverage product dedicated to low-income persons.
Sources said the product can be directly subscribed to via mobile applications and subscription gives a file number. Insureds can pay premium per day, week, month or year depending on their own choice. Payment is doable through Mobile Money service.
This initiative is aiming for better handling of damages with rapid care and no constraints. This low-cost e-insurance product was discussed during recent meetings with the federation of insurance companies for African national law. In 2017, during a meeting held in Kigali, Rwanda, economist François Xavier Albouy, insurance expert, encouraged African insurance companies to find ways to include vulnerable people in coverage products.
The Atlantique assurance Cameroun IARDT’s product is expected to boost this burgeoning sector.