One-trip insurance, drivers’ contributory/pension policies debut soon

Nigerian road users and inter-state bus drivers are set to enjoy two new insurance products that will put smiles on the faces of their families in the case of any eventuality during their trip, and also drivers’ retirement/loan pension package.
Fel-Chalves & Company, a project management and consultancy firm, designed a one-trip insurance and drivers’ contributory/pension policies that is set to restore hope to families of the deceased during their trips and that of the drivers on retirement.
Felix Ugbechie, managing director of the company, in an interactive session with journalists in Lagos, says the new insurance product, which is first in Africa, and is 100 percent Nigeria-centric in service.
According to Ugbechie, “These products were designed to be a buffer to families in case of death or accident while travelling. The drivers are not left out too.”
He also says that a drivers’ contributory pension/loan policy is also part of the new product that will soon be unveiled and introduced into the market, saying, his intentions are altruistic, but “just his desire to revolutionise the insurance product in Nigeria, make it available to the common man on the street, create a good value chain and also inspire a mind reset of the black-man perception of the insurance products and business in Nigeria.”
The company is almost concluding discussions for a strategic alliance with an insurance company that will be the lead insurer for the project, he discloses, saying they have done a greater work on the patent right and the buy-in of other stakeholders.