SmartCash Payment Service Bank, a subsidiary of Airtel Nigeria, has partnered with Leadway Assurance to deliver affordable, mobile-based motor insurance services across the country.
The partnership, aimed at simplifying insurance access through digital channels, was disclosed by Airtel in an email on Tuesday.
The new service will enable both new and existing SmartCash users to obtain or renew motor insurance policies, either the legally required Third-Party Insurance or the more robust AutoBase Comprehensive Insurance, through the SmartCash app or by dialling *939#.
Starting from N15,000, the offering provides motorists with a seamless and paperless process that can be completed in under three minutes, allowing users to receive digital policy documents instantly via email.
The Chief Executive Officer of SmartCash PSB, Tunde Kuponiyi, said the initiative aligns with the bank’s mission to provide inclusive financial solutions that cater for Nigerians across all income levels and regions.
“At SmartCash, our goal has always been to bring inclusive financial solutions closer to everyday Nigerians,” Kuponiyi stated.
“By partnering with Leadway Assurance, we’re making it easier for motorists to insure their vehicles without stress or delays. It’s insurance that moves at your speed.”
The product is available across all types of mobile phones, including basic feature phones, ensuring that users in rural and underserved communities can access the same insurance products through USSD technology.
The Director of Sales, Retail and Partnership, Leadway Assurance, Kike Fischer, highlighted the importance of the collaboration in accelerating insurance penetration across Nigeria.
“At Leadway, innovation and exceptional service are at the core of our mission to deepen insurance penetration and inclusion,” Fischer said.
“This collaboration with SmartCash enables us to deliver real-time protection to more Nigerians via a trusted, everyday platform. It marks a bold step in transforming how insurance is accessed and experienced across the country.”
While the third-party insurance offers the minimum legal cover against liability for damage or injury to others, the AutoBase Comprehensive Insurance plan provides broader protection, covering the user’s own vehicle in the event of accidents.
The partnership is part of SmartCash’s wider push to deliver digital-first services that are responsive to the real-world needs of Nigerians. By integrating insurance into its mobile platform, the bank said it is further empowering users with tools that protect and support their livelihoods.
“This partnership is another milestone in our commitment to making digital financial services more relevant, reliable and accessible for all Nigerians,” Kuponiyi added.
