Insurance Facility For Prepaid Mobile Phone Subscribers Launched

A mobile phone operator has introduced an accidental insurance facility for its prepaid subscribers to increase low insurance penetration levels

ISLAMABAD, (UrduPoint / Pakistan Point News - 06th Dec, 2017 ) :A mobile phone operator has introduced an accidental insurance facility for its prepaid subscribers to increase low insurance penetration levels.

This hassle-free service, introduced by Jazz in collaboration with Mobile Pakistan (Private) Ltd. (MILVIK) - an insurance company - is offering insurance coverage from Rs 200,000 up to Rs 2 million, a press release said.

The partnership looks to increase on the low insurance penetration levels by combining mobile technology and MILVIK's tech platform, providing Jazz subscribers and their families financial security in case of personal accident, or injury.

The most affordable plan starts at just Rs 1.44 a day with maximum insurance cover of Rs 200,000. Straightforward processes ensure that the claims are paid within three days of filing, by simply calling or texting `CLAIM' to 9878.

MILVIK having initially launched the service in year 2016 has now reached 1 million customers, becoming one of the fastest-growing insurance service providers nationwide. To sign up for the product, Jazz subscribers can simply call 9878 or text "BIMA" and an agent will call back to help them through the process.