Yango, a popular transportation service, has entered into a strategic partnership with Best Life Insurance to provide life insurance coverage to its drivers and passengers in Zambia. This groundbreaking initiative marks a significant step towards enhancing safety and promoting financial security for thousands of Yango users across the country.
The partnership was formally announced during the Memorandum of Understanding (MoU) signing ceremony held in Lusaka. Speaking at the event, the Chief Executive Officer of Best Life Insurance, Christabel Michel, emphasized the importance of this collaboration in making life insurance more accessible and affordable for Zambians. Michel highlighted that the insurance policy under this partnership is designed to be simple, inclusive, and cost-effective, ensuring that both drivers and passengers have a financial safety net in the unfortunate event of an accident or other incident.
According to Michel, the policy will provide payouts of up to K50,000, offering essential financial support to affected individuals and their families. She noted that this initiative not only strengthens financial protection but also fosters a culture of preparedness and responsibility among Yango drivers and their passengers. By offering these benefits, Best Life Insurance aims to bridge the gap in insurance accessibility and drive broader financial inclusion in Zambia.
Yango’s Country Manager, Kabanda Chewe, echoed Michel’s sentiments, expressing the company’s unwavering commitment to prioritizing the safety and well-being of its stakeholders. Chewe stated that the partnership with Best Life Insurance is a reflection of Yango’s proactive approach to addressing the risks associated with transportation services. He further explained that providing life insurance coverage adds another layer of security and confidence for both drivers and passengers, reinforcing Yango’s reputation as a reliable and socially responsible transport service provider.
In addition to the remarks from Yango and Best Life Insurance, a representative from the Pensions and Insurance Authority (PIA) commended the partnership, emphasizing its alignment with national efforts to promote financial inclusion and consumer protection. The PIA representative expressed confidence that this collaboration would inspire other companies in the transport and insurance sectors to implement similar initiatives, ultimately strengthening Zambia’s financial ecosystem.
The partnership is expected to roll out immediately, with Yango drivers and passengers automatically enrolled in the life insurance program. The insurance coverage will be seamlessly integrated into Yango’s services, ensuring that users can access these benefits without any complicated procedures.
As this collaboration unfolds, it is anticipated to set a new standard for corporate responsibility and financial empowerment in Zambia. Yango and Best Life Insurance have pledged to continue exploring innovative ways to enhance user safety and financial security, building a more resilient and inclusive society.
This partnership not only safeguards the lives of Yango drivers and passengers but also contributes to the broader national agenda of financial inclusion, reinforcing the critical role of insurance in creating a secure and prosperous future for all Zambians.
By Peter Zunda Jr
