Prudential Beneficial and MTN Cameroon to launch tuition coverage

Prudential BeneficialIn partnership with the telecommunications company MTN Cameroon, the insurance company Prudential Beneficial is launching a new insurance coverage.

The solution covers the tuition fees of young Cameroonians with up to 50 000 FCFA (90 USD) in primary school, 75 000 FCFA (135 USD) in secondary school and 250 000 FCFA (450 USD) in higher education.

The product can be underwritten online via the MTN Mobile Money application. The guarantee is available starting from 500 FCFA (0.9 USD) per child.

The adoption of digital means for marketing products contributes to the growth of the insurance penetration rate which currently stands at 2% in Cameroon.

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