Telecommunication giant, MTN Ghana as part of its effort to deepen understanding of its key programs in their operations has held a Media Forum at the Sweet Gardens Hotel in Kumasi.
The forum aims at enlightening journalist on aYo Send with Care, an insurance policy of the network and Financial Technology (Fintech).
Addressing the forum, Chief Executive Officer of Ayo Intermediaries, Francis Gota disclosed that, aYo provides you with a fast, convenient and easy to use insurance right on your mobile phone.
According to him, one can enjoy hospital and life insurance cover through airtime deduction dubbed (Recharge with Care).
Mr. Francis Gota says the aYo was introduced in 2017 to provide relevant accessible and easy to use insurance solution to help Ghanaians particularly to target the informal sector or those with middle- and low-income earners.
‘So far aYo has 28.2 million Ghanaian subscribers on the policy and we have been able to pay over Ghc 40 million Ghana cedis claims to 40 thousand Ghanaians ‘.
He disclosed that MTN created the aYo Insurance Policy by leveraging technology to demystify people’s perceptions of insurance.
‘ I must say that, the notion that insurance doesn’t pay has been interpreted with the introduction of aYo Insurance’’.
The CEO stated that it was aYo’s goal to “create a future in which every Ghanaian not only buys insurance but also utilizes it. We will keep delivering enhanced aYo insurance policies that satisfy their needs and ease financial burdens on themselves, their families, and society at large.”
We believe that insurance cover should be accessible to everyone and easy to use. That’s why at aYo, together with MTN are bringing a new way to get hospital and life cover using your mobile phone.
It’s now simpler than ever to take care of yourself and your loved ones with coverage that grows each time you add MTN airtime or send money using MTN Mobile Money by utilizing aYo Recharge with Care and aYo Send with Care.
Oh his part, Nana Kwasi Gyan Apenteng, a former Chairman of National Media Commission who was also one of the facilitators at the forum also calls for the use of Financial Technology in our daily business.
Brief Background on aYo
aYo Intermediaries Ghana is a subsidiary of MTN Group which provides micro insurance to all MTN subscribers.
aYo intermediaries started its work in Ghana five years ago and has made remarkable progress in this short period.
To get aYo Cover, Existing aYo AutoBoost customers will continue loading airtime and the AutoBoost amount that was setup as premium will enable them get cover. No more free cover.
New customers on the other hand, will have to sign up to aYo PAID-FOR Cover and setup an AutoBoost, this sets a fixed amount, that you choose, to be directed to your insurance cover every time you load MTN airtime.
How to get Paid for cover?
Dial *296# to sign up, then select option 9 – MyBoost, followed by option 2 – MyAutoBoost to select how much airtime you wish to be deducted from every airtime recharge.
You can also choose to do a once-off Boost to purchase cover You get 5% of the AutoBoost amount in form of BONUS
For example; If you AutoBoost with UGX 200/-, it is multiplied by 100 for MyHospital cover or 1000 for MyLife cover hence generating a cover of 20,000/- MyHospital cover or 200,000/- MyLife cover respectively.
Every time you use MyBoost to increase your cover, you can earn MyBonus. In future, you will also be able to earn MyBonus for inviting a friend or buying cover for a family member or friend. The value of MyBonus builds up to a specific value, at which point you can use it to buy more cover, cash it out to your MTN Mobile Money account or buy MTN airtime.
To check your MyBonus balance dial *296#
aYo Senkyu
aYo Senkyu Cover will allow you use your Senkyu points to get MyHospital and MyLife Insurance cover valid for 30 days. MyLife cover pays out to your family in the unfortunate event of your passing, and MyHospital cover is paid straight into your MTN Mobile Money account if you spend one night or more in hospital due to an accident.
aYo brings you an easy way to get hospital cover and life cover. Simply register on your mobile phone for aYo Recharge with Care and get a minimum of 30 days’ aYo Cover every time you load MTN airtime. You can also add aYo Send with Care cover to the money you send home through MTN Mobile Money.
Get MyHospital cover if hospitalized for at least 1 (one) night due to an accident or if hospitalized for at least 3 nights due to an illness. You can also get MyLife cover for a minimum of 30 days every time you load MTN airtime.
Make a claim
If you are a Policyholder, beneficiary / MyLovedOne or MyCaretaker, you can claim directly from your cellphone via USSD (for Recharge with Care: *296#, for Send with Care: *16514#) or you can simply fill out the form below so you don’t waste time with paperwork or queues.
