AXA Mansard Insurance Plc announced that it has introduced a new Cash-Back Term Life product as part of its quest to improve the ease of adoption of term life insurance.
Unlike the traditional term life plan, the new product introduced will ensure customers get a refund of 50 percent of premium paid, if they don’t make any claim at the expiration of the policy.
This benefit, which comes in addition to the life insurance cover, also gives customers the option to choose additional benefits like Permanent Disability and Extended Life Cover at a token fee.
Speaking about the new product, the Chief Strategy and Marketing Officer, AXA Mansard Insurance, Kola Oni, said “we are pleased to announce the Cash-Back Term Life product to our customers with the assurances of superior service delivery. With this plan, we aim to meet the evolving needs of our customers and their yearnings for benefits they can enjoy while they are still alive”.
Oni also noted that “AXA is renowned to be at the forefront of innovative products and the company has continued to make a difference in the lives of her customers through various offerings”.