CHI unveils travel insurance policy for customers
Underwriting firm, Consolidated Hallmark Insurance(CHI) Plc has announced the introduction of travel insurance cover to its bouquet of products, targeted at giving its numerous customers a worthy travel experience when the go outside Nigeria.
At the same time, the Company has also unveiled new payment channels to bring about ease of transaction and expand reach of her products to different parts of the country.
Mary Adeyanju, executive director, Operations, Consolidated Hallmark Insurance CHI Plc made the disclosure during a press briefing at the Company’s head office in Lagos.
Adeyanju who represented the managing director/CEO of the Company, Eddie Efekoha, said the Travel Plan was designed to address the needs of her numerous clients and members of the public who, during trips outside the country encounter several unforeseen losses of property and huge expenses in health bills.
“It is our desire therefore that our clients Travel with their mind at rest by obtaining the CHI PLC Travel Insurance.”
She the Travel Plan, which is coming in partnership with Mapfre Asistencia of Spain, cover expenses incurred due to trip cancellation, as well as compensation in respect of expenses incurred for delayed departure.
“The policy also covers medical expenses and hospitalisation during the trip while abroad, and in the event of loss of luggage, the Travel Plan covers cost of replacement up to the pre-agreed amount covered by the policy.
According to her, the policy holder can upgrade cover to include injury that may be sustained whilst engaging in winter sporting activities during the trip.
She further stated that the CHI Travel Insurance which covers the Schengen and other European countries, Asian, African countries and America, has since been approved by the National Insurance Commission (NAICOM).
“It will provide the required cover for travelers who go abroad for tourism, business trips or educational pursuit.”
Duration of cover is available for short trip and up to a period of twelve months, renewable thereafter, and special plans have been put in place under the plan to cater to the needs of pilgrims during trips to the holy lands (Pilgrimage Protection), and Students special Travel Plan.
On pricing, she said the rates are competitive beginning from N3,800 based on duration of trip and destination of the prospective policy holder.
On the new digital payment channels, Consolidated Hallmark Insurance has also recently introduced additional premium payment channels in an attempt to ease the transaction process.
According the company, clients who effected payment of their renewal premiums with written cheques and direct bank deposits/transfers are now taking advantage of the recently introduced channels.
“The digital channels include Quickteller, Paydirect, partnership with GTbank Internet banking and the payment enabled company website – chiplc.com.
“Clients of the company, in utilising these channels now have fast and convenient access to the payment portals, saving valuable time in the process.
“For Quickteller, simply search for Consolidated Hallmark Insurance and follow the steps to pay the renewal premium.”
“Payment of premium for the insurance policies underwritten by the company can also be made through Paydirect by simply visiting the branch of any commercial bank in the country and requesting to make Consolidated Hallmark Insurance Premium through PayDircet.”
Adeyanju said the CHI’s partnership with GTBank has enabled her clients to select the insurer from the payment and collections category of the Bank’s internet banking profile.