Reports from leadership newspapers reveals that Mansard and MTN Nigeria, have unveiled an insurance scheme for the Small and Medium Scale Enterprises.

Under an MTN product known as ‘Y’ello Biz’, SMEs that subscribe with just 300 naira a week, will enjoy a N1m Mansard insurance cover for their businesses. The report states that the insurance package covers SMEs against “fire, flood and other risks”. The Y’ello Biz, which can be bundled with voice, data and sms services, is from the stable of the MTN Y’ello Cover; a suite of insurance services offered by MTN to its network subscribers.

“Mansard was pleased to extend its customer-focused insurance services to the SMEs, covering some of the most frequently occurring business hazards,” said Mr Yomi Onifade, Director of Retail Business, Mansard Insurance.

“At MTN Business, we believe that the SMEs are the anchor of local economies and, as a critical agent for national economic development, we believe in enabling not only big businesses but also small businesses.” – Acting Chief Enterprise Solutions Officer MTN, Mr Tsola Barrow.

This platform, reportedly will provide necessary insurance protection SMEs need at affordable costs to run their businesses with peace of mind.

Olumuyiwa Coker Author

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