Allianz Life Insurance Ghana Limited and Ghana’s leading mobile financial services provider, Mobile Money (MoMo) Limited have launched a life insurance product, called “Allianz4Life”.

The partnership was launched in a colourful ceremony in Accra that saw the CEOs of both companies and the Brand Ambassador of the product, popular Ghanaian Actor Mikki Osei Berko leading the launch of the product.

Speaking at the launch, the Chief Executive Officer of Allianz Life Insurance, Mr Gideon Ataraire stated that the product (Allianz4Life) has been carefully crafted to provide convenient life insurance solutions to millions of customers of both brands.

The Chief Executive Officer of Allianz Life Insurance expressed his excitement over the partnership and indicated that the partnership will help transform the lives of their customers.

“Allianz life is excited about the Allianz4Life product and the partnership with Mobile Money Limited. We look forward to securing the lives of our customers through the MoMo platform; thus, providing speed and convenience in the delivery of life insurance solutions.”
Mr Gideon Ataraire

Mr Gideon Ataraire explained that the new product provides customers with cover for hospitalization, disability and death with as low as GHS 3.00 to a maximum premium of GHS22.

According to the partnership, the guaranteed Sum Assured ranges from GHS1,000.00 to GHS10,000.00 in the event of death and a hospitalization benefit ranging from GHS10 to GHS100.00 per night if one is admitted to the hospital for 30 nights in a year.

On his part, the Chief Retail and Marketing Officer of Allianz Life, Jane Kitome stressed that the product will provide convenience to customers by offering insurance at the fingertips of anyone that subscribes.

MoMo Platform

The Chief Executive Officer of Mobile Money Limited, Eli Hini, commended Allianz Life for the bold initiative to digitalise its product and for choosing to partner MTN Mobile Money Limited. He noted that the MoMo API platform has been a great success for entrepreneurs who are taking advantage of the platform to grow their businesses.

“MTN’s Ambition 2025 is anchored on building the largest and most valuable platform business and the implementation of this strategy will be accelerated through selective partnerships and the leveraging of MTN’s brand which is the most trusted and valued in Africa”.
Eli Hini

Eli Hini welcomed Allianz4 Life onto the MoMo platform and urged all customers to sign on to the service.

Mr Hini averred that the partnership between Allianz Life and MTN Mobile Money Limited signifies the continuation of a meaningful relationship and the prospects of many more innovative products which will delight customers of both brands.

The Allianz Group is one of the world’s leading insurers and asset managers with more than 100 million retail and corporate customers in more than 70 countries.

Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 582 billion euros on behalf of its insurance customers.