[ACCI-CAVIE] MTC on Thursday introduced a new insurance product designed to provide credit insurance to guarantee customers honour their postpaid contract in the event of their death.
According to MTC, the applicant will be covered under this policy upon acceptance or renewal of a post-paid contract package, which includes a mobile device, airtime consumption, and bundled data services given by MTC.
The cover will be offered at MTC mobile homes countrywide and for customers who would like to opt
into the MTC credit life insurance cover will need to make a once-off payment – which is calculated based on the customers’ contract duration as well as their contract device cost.
The credit life is underwritten by Momentum Metropolitan Namibia. Group Chief Executive Officer of Momentum Metropolitan Namibia, Sakaria Nghikembua, the partnership with MTC provides for financial inclusion.
“We are particularly pleased to be able to partner with a reputable company such as MTC to deliver financial services to the broader Namibian population, and thereby achieving the twin objectives of financial inclusion and economic growth for Namibians,” Nghikembua said.