Taxify, the fastest growing e-hailing and ridesharing app in Lagos announced a unique insurance policy that is designed to increase driver and rider safety as well as improve the confidence of their user base in their commitment to safe and affordable rides in the city. “Taxify Cover” was launched in partnership with AIICO Insurance PLC, a leading insurance provider in Nigeria and AutoGenius, Nigeria’s 1st Digital Insurance platform.

Taxify’s Comprehensive Motor Insurance is a special motor insurance product (bundled products) that is customized to provide all the benefits of a comprehensive motor insurance with extended passengers’ liability, loss of personal effects and personal accident covers with a single premium. The features of this product amongst others include the provision of compensation for: Own accidental damage, third party bodily injury/ property damage, theft and fire damage to the vehicle, death/ disability/ assault to the driver and rider, passengers’ liability and loss of personal effects for both the driver and the rider. The uniqueness of this product is also evident in the flexibility of payment options. The payment plan has been structured to suit customers’ pockets and convenience.

Today is a very special day for us and we are super excited that after weeks of strategizing and deliberating, the “Taxify Cover” is finally here. This cover is innovative and an industry first. With this partnership, along with offering convenient and affordable rides, we will add an extra level of safety as AIICO Insurance will insure against liabilities to both the riders and the driver-partners during any ride on Taxify in Lagos”, says Operations Manager of Taxify Lagos, Uche Okafor.  This is the first time insurance is playing an active role in the daily commute of riders and drivers using any ride-hailing app, and we are happy to be at the helm of it. This is line with our commitment to improving the quality of transportation in Lagos”

The General Manager, AutoGenius (Taxify’s official Insurance Partner), Adebowale Banjo, was quoted as saying, “In addressing the apparent and diverse risks in the e-hailing business, it was necessary to develop a digital, sophisticated and holistic product that not only secures riders and passengers but also their assets.  Taxify Cover is a first in the industry and it caters to all attendant risks, providing maximum protection for drivers, riders and also the tools of service delivery. It is indeed a new dawn for this sector.”

The GM, Non-Life Business, AIICO, Adewale Kadiri, speaking at the launch said “This indeed is a realization of AIICO’s constant aspiration and purposeful pursuit at supporting business initiatives through provision of risk-based solutions. While AIICO provides the Underwriting service, AutoGenius provides the channel and technological platform for the distribution of the product. We are indeed optimistic that this initiative will further expand the insurance market in Nigeria and increase market penetration. AIICO Insurance PLC is committed to the delivery of these products with our core values of service excellence, trust, team spirit, entrepreneurship and professionalism.”

Taxify Cover will be available for purchase on AutoGenius’ platform www.myautogenius.com.

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