MERGERS, ACQUISITIONS AND FINANCIAL RESULTS
UniBank, Airtel money collaborate with Star Micro
In a statement issued in Accra on Tuesday, it was revealed that UniBank Ghana Limited has collaborated with Airtel Money and Star Micro Insurance.
The aim is to offer life insurance coverage for free (no premiums paid) as an additional benefit to subscribers who use Airtel’s mobile commerce product, Airtel Money.
Airtel stated that Airtel Money users and their next of kin would be covered by the insurance package when they keep an average minimum balance of GHC 5 at the end of every month.
Kola Sonola, the Director of Mobile Commerce at Airtel Ghana, says Airtel is pleased that the introduction of the insurance policy tops up the other numerous advantages Airtel Money offers to users.
He said, “What we are doing at Airtel is to look at introducing products which are innovative and which our subscribers will find useful.”
Sonola stressed that Airtel Money is continuing to build partnerships with other financial institutions and businesses to ensure it provides its subscribers with products to suit their daily needs.
Donald Gwira, the Head of Corporate Communications and External Affairs of Airtel Ghana, explained that Airtel Money users would enjoy the insurance benefit, when they text ”uniBank” to short code ”3131”. They will then receive a confirmation message upon success. The product is open to Ghanaian residents between the ages of 18-75.