SympliFi, a UK-based fintech company, has entered into a strategic partnership with AXA Mansard to give Nigerians access to quality health insurance. Insurance benefits will unlock when customers apply for and guarantee loans on SympliFi’s digital platform.
According to the financial technology company, the benefits provided by the unique insurance offering include a hospital allowance that covers part of the loan payment, a cash payment to help cover hospital costs, and insurance coverage. ‘life insurance. The aim is to provide financial support and quality care to clients in the event of illness.
Commenting on the partnership, Maurice Iwunze, CEO of SympliFi, said the majority of Nigerians do not have access to credit and health care, hampering their ability to improve their livelihoods, adding that the SympliFi-AXA partnership Mansard is based on a common interest in empowering Nigerians to transform their lives and improve their well-being, by enabling access to essential financial and health services.
âAccess to credit and health care remains out of reach for most Nigerians, so families in the diaspora end up serving as a bank and insurance company for loved ones back home. It is a financial drain on members of the diaspora, while their relatives back home continue to be excluded from the financial system. We wanted to develop an innovative solution to solve the problem transparently, in a win-win way for both parties. The AXA partnership enables us to do this and is a first step in our collaboration to reinvent the way Nigerians in the diaspora support their loved ones at home, beyond remittances, âsaid Iwunze.
Also speaking on the initiative, AXA Mansard Health Ltd CEO Tope Adeniyi said, âWe are delighted to partner with SympliFi to provide both easy access to healthcare and fast loans to Nigerians. from the comfort of their cell phone. We will continue to innovate and create new products, thereby enhancing the reach of our product offerings, while continuously improving our service delivery to ensure that we always provide our customers with top-notch service to meet their needs. “
SympliFi’s first-of-its-kind mobile app enables Nigerians in the diaspora to help loved ones back home access affordable credit on their own, instead of sending money, by digitally supporting the loan. Thanks to this partnership with AXA Mansard, borrowers on the platform will now also benefit from borrower insurance to cover them in the event of hospitalization, thus minimizing the financial impact of unforeseen medical emergencies that could affect their ability to repay loans. . .