• Saturday, July 13, 2024
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BusinessDay

Consumers of Cool World electrical appliances to enjoy insurance protection

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Consumers and buyers of ranges of Coolworld Electrical Retail products anywhere in Nigeria will henceforth enjoy added value of insurance protection against material damage and theft.

This is coming on the heels of a Memorandum of Understanding (MOU), singed between Mutual Benefits Assurance plc, a leading insurance firm in retail development and Coolworld Electricals, a retail subsidiary of PZ Nigeria.

The partnership which is first of its kind in Nigeria’s retail space is expected to drive sales and increase consumer value for consumers of electronics in Nigeria.

Akin Opeodu, group chairman, Mutual Benefits Assurance plc said this is one of the Company’s initiatives and innovation to entrench culture of insurance among the Nigerian populace. It provides an edge for both partners to deepen their market reach and service to the consumer public, Opeodu stated.

Akin Ogunbiyi, group chairman of Mutual Benefits is its twenty years of operation which has been blessed with many successes has given the Company the opportunity to redefine the insurance landscape. We have continued to be driven by the vision to bring innovation through strategic initiatives that not only reach the populace but also the grassroots, Ogunbiyi stated.

Segun Omosehin, managing director, Mutual Benefits Assurance plc It is one way we have tried to spread insurance to reach the common man who ordinarily would not have participated in buying insurance, assuring that Mutual Benefits in its usual characteristics will meet claims obligation and bring laughter to those who may suffer product damage as result of fire or loss due to theft.

Omosehin said that the partnership is a way of redefining the landscape of insurance in a way that it is beneficiary to the common man.

Olugbenga Kolawole, the Commercial Director Cool World a subsidiary of PZ Cussons, said that the partnership will bring radical changes to the retail business in Nigeria.

He said that customers don’t have to worry of any household or material damage suffered by Cool world products bought in Nigeria, adding that all products are fully insured by Mutual Benefits a trust and reliable insurance company in the country.

 

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