• Saturday, May 18, 2024
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BusinessDay

CHI partners Zenith Bank on Motor Third Party Insurance

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 Leading underwriter, Consolidated Hallmark Insurance (CHI plc), in a bid to ease the transaction process and procurement of the compulsory third party motor insurance has partnered with Zenith Bank plc for payment across the bank’s counters nation-wide.

With this arrangement, vehicle owners, insurance brokers and fleet operators can now walk into the bank, effect payment and obtain the e-pin for processing of the motor third party insurance cover through either the product portal www.motorthirdpartyonline.com or from the company’s website www.consolidatedhallmark.com

The company’s Managing Director, Eddie Efekoha said the company embarked on the arrangement in order to provide numerous clients with additional options of obtaining their genuine insurance, having pioneered the online web portal payment for the product in 2008.

He disclosed that with the Consolidated Hallmark e-pin from the bank, clients can generate their insurance certificates from the comfort of their homes or offices within a few minutes, print the document for their immediate use or save for future use after completing a few details.

Details of the vehicle thus covered are automatically uploaded to the portal of the Nigeria Insurance Industry Vehicle Database, a central registry of all vehicles with valid insurance cover.

Customers also have the option of making payments for the product with their ATM cards, or obtaining this and other classes of insurance through the National Insurance Commission (NAICOM) licensed insurance agents across the country.

The Consolidated Hallmark Motor Third Party Insurance cover protects the holder for up to N1 million in property damage liabilities to third parties, and also covers bodily injury and death of third parties arising from the usage of the insured vehicle.

 

MODESTUS ANAESORONYE