Insurance Offerings
Insurance is a means of protection from financial losses.
Achieve your financial goals with Social Lender Micro Insurance.
How does it help me?
Risk Control
Provides protection against uncertainties
Payment of losses
An insurance policy is a contract used to indemnify individuals and organizations for covered losses.
Managing cash flow uncertainty.
Insurance provides payment for covered losses when they occur. Therefore, the uncertainty of paying for losses out-of-pocket is reduced significantly
Reduces social burden.
Insurance helps reduce the burden of uncompensated accident victims and the uncertainty of society.
Support for the insured’s credit
Lenders trust individuals with insurance with credit, some lending organisations require insurance documents before granting loans. It gives a loan seeker and edge when requesting for credit from a credit organisation.
Enable efficient use of money.
Insurance makes it unnecessary to set aside a large amount of money to pay for the financial consequences of the risk exposures that can be insured. This allows that money to be used more efficiently.
FAQs
What are the things I can insure?
- Fire
- Alternative rent.
- Generator(fire)
- Death
- Permanent disability
- Hospital bills.
What is premium?
Premium is an amount paid periodically (Monthly) to the insurer by the insured for covering his risks. This is the actual cost of your insurance plan. It is the amount you pay to keep the insurance plan active and enjoy continued coverage. If you are unable to pay the premium before the payment due date and even during the grace period, the policy terminates.
Who is an Insurance Beneficiary?
This is a person who would receive an insurance claim when an uncertainty insured against occurs. An insurance beneficiary can also be a person who receives insurance benefits in case the policy holder passes away while on an insurance plan.
How can I access Insurance on Social Lender
Access Insurance on Social Lender with the following simple steps:
- Register on Social lender (With the aid of an Ambassador)
- Select Risk to be covered
- Pay registration fee
- Proceed to complete Registration
- Customer pay’s First Premium
GOXI INSURANCE PRODUCT
COMBINED MICROINSURANCE POLICY
| RISK COVERED | BENEFIT AMOUNT | ANNUAL PREMIUM | MONTHLY PREMIUM |
| FIRE – CONTENT ONLY | 50,000.00 | 1,200.00 | 100.00 |
| ALTERNATIVE RENT | 30,000.00 | 720.00 | 60.00 |
| DEATH | 50,000.00 | 600.00 | 50.00 |
| PERMANENT DISABILITY | 50,000.00 | 600.00 | 50.00 |
| HOSPITAL CASH (ACCIDENT, MALARIA AND THYPHOID) | 10,000.00 | 3,000.00 | 240.00 |
| TOTAL | 190,000.00 | 6,200.00 | 500.00 |
Achieve your goals with Social Lender Micro Insurance
