Ayo Uganda Launches with two mobile based Micro-Insurance Products
MTN Uganda, in partnership with aYo, today announced innovative micro-insurance products, Recharge with Care and Send with Care. The two are the first products launched by aYo – a joint venture between MTN and MMI Holdings – announced in September last year. aYo was formulated to have a strong focus on delivering micro-insurance solutions across the African continent.
aYo Recharge with Care offers MTN pre-paid customers an easy way to get free hospital or life cover. Whenever you load MTN airtime, you will receive 30 days’ free cover. To sign up, simply dial *296# and choose the cover you prefer: MyHospital or MyLife.
Adding aYo Send with Care to MTN Mobile Money transfers means that, in the unfortunate event of your passing or should you be hospitalized for a night or more, aYo will pay triple the amount you sent to your beneficiaries, either in one lump sum or in 12 equal monthly instalments, depending on your cover level. All you have to do is dial *165*1*4# to start Sending your money with Care.
“We are very excited to bring two very innovative products to our customers in Uganda. aYo helps you look after your loved ones, and we even reward you for doing so. If you interact with either of our products on a regular basis, we give you bonus value which, when it grows to UGX2,000, can be cashed out to your MTN Mobile Money wallet, used to buy more cover or MTN airtime,” said aYo Uganda Marketing Manager, Thomas Sekanwagi.