emPLE Nigeria’s Flexi Third-Party Motor Insurance: A Revolution in the World of Motor Insurance
The motor insurance industry in Nigeria was recently shaken up by the launch of emPLE Nigeria’s revolutionary new product: Flexi Third-Party Motor Insurance. Designed to meet both the personalization and affordability needs of Nigerian vehicle owners, this new offering reflects emPLE’s forward-thinking product development strategy and its vision of empowering individuals through innovative and accessible financial solutions that truly improve lives.
Flexi Third-Party Motor Insurance redefines liability insurance, offering the market unprecedented choice and flexibility. It offers three distinct levels of cost-effective plans: Basic Third-Party, Flexi Basic and Flexi Standard. These products allow customers to choose a coverage plan that suits their risk management appetite and budget.
The Basic third-party plan, priced at ₦15,000, enables car owners to meet the legal and mandatory insurance requirements for vehicle owners in Nigeria. On the other hand, the Flexi Basic plan extends the benefits of third-party insurance by offering vehicle owners the opportunity to be compensated up to ₦3,000,000 in the event of accidental damage to their car. The third plan, Flexi Standard, offers basic third-party protection while providing additional protection to the vehicle owner for fire, theft and own accidental damage up to ₦2,000,000.
Speaking on the product, Olalekan Oyinlade, Managing Director, emPLE General Insurance said, “At emPLE, we understand that insurance is not a one-size-fits-all and we remain committed to empowering Nigerians by providing financial products that fit their lifestyle and needs. We believe that insurance should be a tool for empowerment; hence, the Flexi Third Party Motor Insurance Plan goes beyond a mere insurance policy; it is a solution that bridges the gap between affordability and comprehensive protection. This product focuses on road safety and financial security while giving our customers the peace of mind they deserve when deciding to protect their assets.”
This new product reaffirms emPLE’s position as an innovative, visionary and customer-centric solutions provider in the financial industry. By prioritizing simplicity and accessibility, the product ensures that Nigerians, from new car owners to experienced drivers, can enjoy protection without the complexities and lack of choice.
For more information on Flexi Third-Party Motor Insurance, please visit https://www.emple.group/products/third-party-insurance/
About emPLE
emPLE is a leading financial services company that provides insurance and investment solutions to retail and corporate clients across Africa. We aim to empower Africans with innovative financial products that enhance freedom, security and prosperity.