Vodafone partners Hollard to launch industry first insurance policy for Agents

Vodafone Ghana has partnered Hollard Insurance to launch a revolutionary product in the mobile money space in West Africa.

For the first time, Vodafone Cash agents will be insured against robbery and theft at no cost to them; in line with a commitment to ensure their security and wellbeing in partnership with Hollard Insurance Ghana has introduced an industry first insurance package for Vodafone Cash agents as part of the telecom giant’s commitment to ensuring the safety, security and wellbeing of its agents across the country.

We have just announced a revolutionary product in the mobile money space in West Africa!

For the first time, Vodafone Cash agents will be insured against robbery and theft at no cost to them thanks to a partnership with Hollard Insurance.

In addition, all agents will also have a life insurance cover, which is paid to their next of kin in the event of any unfortunate event.

The product, which addresses one of the major pain points of agents, is fully funded by Vodafone Cash on behalf its agents and underwritten by Hollard Ghana; implying that the agents do not need to pay any monthly premium in order to qualify or keep the insurance cover active.

The scheme has two packages, Money Insurance and Life Assurance. Under the Money insurance package, an agent can claim up to Ghc 5,000 twice in one, should they lose money because of robbery fall victim to robbery. Each agent is entitled to two claims within a year. The second package, offers the agent a Ghc 10,000 life assurance cover.

Speaking at the launch, Martison Obeng-Agyei, Head of Vodafone Cash, said: “We are excited to introduce this laudable product for one of our major
stakeholders in the Vodafone Cash business our agents. We do understand the C2 General risk associated with the work our agents do and we want them to confidently operate in a secured environment. knowing their funds and lives have been insured. This unique product is also a direct response to calls from the Mobile Money Agents Association of Ghana (MMAAG) as well as other key stakeholders within the mobile money ecosystem."

On his part, Daniel Boi Addo, Managing Director of Hollard Insurance, said:
providing Money and Life Insurance to Vodafone Cash Agents aligns to Hollard
Ghana’s purpose.

“Hollard Ghana’s purpose is to enable more people to create and secure a better futures. Our partnership with Vodafone provides agents with the freedom to conduct business and transact operate with ease; knowing that they are insured. In case of an unfortunate event, Hollard will indemnify the agents to reduce the impact to their business and ensure business continuity. With the added benefit of Life policy, we are confident Vodafone Cash Agents know we’ve got them covered. Indeed, at Hollard Ghana, with our subsidiaries Hollard Insurance and Hollard Life Assurance, we do well by doing good.

Since the inception of mobile money services in the country, there has been a myriad of robbery cases across the country. In some cases, the victims of these robberies are left wounded or in a condition, that requires immediate medical attention and in worse cases, the victims have lost their lives. This product is expected to transform the industry and become the benchmark.

Vodafone Cash continues to experience steady growth since its inception in Ghana three years ago. It is known for its secure and safe mobile money platform, and passion for innovation.