JazzCash has launched the Child Education Plan in collaboration with the Chub Insurance Pakistan Ltd.
JazzCash is the fastest ever growing mobile financial services provider in Pakistan. It has teamed up with the Chubb Insurance Pakistan Ltd. in order to introduce a creative insurance product.
The Child Education Plan—is aimed at securing a child’s education in case of any unpredicted and less fortunate event leading to the disability or even to death in some cases.
There are many Pakistanis that are susceptible to economic crises, this newly introduced plan ensures that the education of the next generation is secured and is kept continuous. As compared to the regional average the insurance penetration and the density in Pakistan is the lowest. Mobile financial service could alter that.
Chubb Insurance offers an affordable yearly premium of only rupees three hundred and ninety-nine. It would be providing the children of the policy-holder educational coverage of up to four lac rupees, for one year from the day the policy is subscribed.
The Child Education Plan could simply be subscribed by the JazzCash mobile account customers by simply dialling a number from their handset.
Aamer Ejaz—the Chief Digital and MFS Officer said that JazzCash seeks to provide creative products and services to not just promote usage of mobile financial services, but also to provide extensive ease in times of utmost need.
Barry M Johnson—the Regional Director, Accident and Health Department—Chubb Eurasia and Africa said that this team up with Jazz to give JazzCash customers with a creative insurance product is part of its commitment to assisting efforts around the digital transformation and giving customers peace of mind.