Joy Agwunobi
In a bid to enhance affordability and provide customized coverage options for vehicle owners in Nigeria, emPLE Insurance has introduced its latest product offering—the Flexi Third-Party Motor Insurance.
According to the company, the new initiative aligns with its innovative approach to product development and its vision of delivering accessible financial solutions that improve lives.
The Flexi Third-Party Motor Insurance sets a new standard in the motor insurance market by offering flexibility and choice tailored to customers’ varying needs. The product comes in three distinct, budget-friendly plans: Basic Third-Party, Flexi Basic, and Flexi Standard, allowing customers to select a plan that aligns with their financial capacity and risk preferences.
The Basic Third-Party Plan, priced at ₦15,000, ensures vehicle owners comply with Nigeria’s statutory insurance requirements. The Flexi Basic Plan goes a step further, providing indemnity of up to ₦3 million in the event of accidental damages to the insured’s car. Meanwhile, the Flexi Standard Plan expands coverage to include third-party protection along with fire, theft, and accidental damage indemnity, up to a limit of ₦2 million.
Commenting on the new product, Olalekan Oyinlade, managing director of emPLE General Insurance, emphasised the company’s commitment to empowering Nigerians with tailored financial solutions. He noted, “At emPLE, we understand that insurance should not be a one-size-fits-all solution. Our goal is to empower Nigerians with products that align with their unique needs and lifestyles. The Flexi Third-Party Motor Insurance Plan bridges the gap between affordability and comprehensive protection, ensuring our customers enjoy peace of mind while protecting their assets.”
Oyinlade further highlighted that the product underscores emPLE’s role as an innovative and customer-focused leader in the financial services sector. “This offering is more than just an insurance plan; it simplifies the process, enhances accessibility, and ensures that every vehicle owner, from first-time drivers to seasoned motorists, can enjoy seamless protection without unnecessary complexity or hidden costs,” he added.
