May 18, 2024

  • Bitcoin(BTC)$24,383.00-1.66%
  • Ethereum(ETH)$1,657.83-2.53%
  • Tether(USDT)$1.000.18%
  • BNB(BNB)$310.23-1.26%
  • USD Coin(USDC)$1.000.10%
  • XRP(XRP)$0.39-0.81%
  • Binance USD(BUSD)$1.000.05%
  • Cardano(ADA)$0.39-2.73%
  • Dogecoin(DOGE)$0.09-2.67%
  • Polygon(MATIC)$1.38-6.66%

Air Peace Introduces Insurance Package for Travelers

0 55
Air Peace

CEM REPORT, AVIATION | An insurance package to compensate for unpleasant experiences of domestic travelers has been introduced by Air Peace.

The package which bares a premium of N1,000 per flight covers compensation for inconveniences suffered due to flight cancellations, delays, baggage loss or damage and medical expenses on accident or permanent disability.

According to a statement by the Chief Operating Officer of Air Peace, Oluwatoyin Olajide, the insurance package hosted by AIICO Insurance Plc., was introduced to address the issues around passengers’ experiences concerning lost or damaged luggage and more recently, the pain of missed flights.


“These concerns are now fully addressed with an insurance product from AIICO, a tier-one insurance company in Nigeria, we believe this solution will make these challenges a thing of the past.”

[READ ALSO] Ford Foundation Donates USD1.7m to Support Nigeria Election

In his remarks, Segun Olalandu, Head of, Strategic Marketing and Communications Department, AIICO, said the agreement between the organisations will bring innovation to the aviation industry through embedded insurance that meets customers’ needs.

 “Passengers have a choice to opt-out of the insurance package and there is a free cover for one accompanying infant (below two years) named in the travel manifest per flight.

“This product has been launched by Air Peace and passengers have begun to enjoy a more relaxing air travel experience.

“With the assurance that inconveniences suffered because of unforeseen flight cancellation, delays, missing or delayed baggage shall be compensated.”

Also, Olusanjo Shodimu, AIICO’s Chief Information Officer, said the underwriter had developed and leveraged the required technology to make the process for the customer seamless.

“All they do is make flight bookings; the rest is where we link the companies and processes that deliver a product which guarantees them a worry-free risk cover sold via the airline’s online ticket platform.

“Passengers will be compensated for inconveniences suffered from the aforementioned incidents within three working days, once a claim is reported and all documentations submitted.

“We are not just saying that we value our customers but to deliver on giving them a great travel experience with this product.

“It is a real stop-gap for our customers, so they do not experience undue financial burdens due to their travels.”

Share this

Leave a Comment

glo advert
WP Twitter Auto Publish Powered By :