AXA Mansard Introduces Monthly Payment Plan for Motor Insurance Customers

By Aduragbemi Omiyale

Motor insurance customers of AXA Mansard may not have to worry about the current challenging situation in the country as the company has partnered with a finance firm known as Berkshire to ensure that the payment is made easily.

The global insurance and asset management leader has introduced a flexible payment option for its customers to pay their motor insurance premiums monthly rather than the traditional annual payment method.

By introducing this new monthly payment option, AXA Mansard aims to make motor insurance more accessible and affordable for its customers.

The company understands that many people struggle to pay for their motor insurance in one lump sum and that monthly payments can be more manageable for many individuals and families.

With the new monthly payment option, customers can spread the cost of their motor insurance over 10 months, making it easier to budget for and manage their finances.

The service is available to new and existing customers, and there are no additional fees or charges for choosing this payment method. Customers can select the option when purchasing their motor insurance policy online or walk into AXA Mansard’s offices to get started.

“We are excited to launch this new service for our motor insurance customers,” the Chief Customer and Marketing Officer of AXA Mansard, Ms Jumoke Odunlami, said at the launch of the product at the company’s head office in Lagos recently.

“We understand that paying for motor insurance can be a challenge for many people, and we want to make it easier for our customers to access the cover they need to protect themselves and their vehicles,” she added.

Also speaking about the service, the chief executive of Berkshire, Mr Adetola Odusote, said, “We are excited to have partnered with AXA Mansard to champion this first-of-its-kind initiative.

“We believe that this new service will make a real difference to many Nigerians, especially as many are still adjusting to the new directives regarding motor insurance from the regulators.”