Tigo Insurance has reached yet another milestone, paying out its 10,000thclaim.  

With this claim, Tigo has paid over GHS 6.2 million to policyholderssince the introduction of Tigo Insurance in 2010.The 10, 000th claimant is 21-year-old Foster Quist Sarfo, a student of CentralUniversity  College in  Accra.

Tigo’s insurance o(ering is unique, designedspeci*cally for the low and middle income segment to get access to life andhospitalisation insurance that can help their families manage unexpectedevents. 

Averagely per month, Tigo Insurance pays over 300 claims through TigoCash, with valid claims going out  within  72 hours after the  submission ofdocuments. For as little as 10Gp a day, customers can earn life insuranceand or hospitalisation insurance. 

“We are delighted to have achieved this signi*cant milestone in such a shorttime. This is a testament to our vision to deliver a digital lifestyle to ourcustomers, and a critical component of our overall business transformationstrategy,” said Tigo’s Director of Mobile, Tara Squire.

As a reputable telecom operator, he explained the company will continue todeepen the penetration rate for micro-insurance in the country through theuse of mobile phones. 

Russell Haresign, Country Manager for BIMA, the micro-insurance partnersfor Tigo Insurance, said: “We are incredibly proud to reach this milestone.

"Paying out claims is the most important part of our work and we cannot overemphasise the importance   of customers coming forward to claim their benefits.” 

He was grateful to customers for their loyalty and contribution to the growthof the Tigo Insurance brand. The partners remain committed to servicing thelow-middle income segment by designing innovative new products that willbring even greater value to the customer. 

Tigo Insurance policies are underwritten by Prudential Life and distributed byBIMA, leading provider of micro-insurance.