Okada/Keke Insurance Policy

Review the policy benefits, coverage limits, exclusions, and premium details before proceeding.

This policy provides settlement to the insured against damage to motor cycle/ tricycle and compensation for death or bodily injury to the rider or insured in the event of a road traffic accident.

Death Cover

Death Cover provides a lump-sum benefit to the nominated beneficiary or legal representative if the insured person dies during the policy period, subject to the policy terms and conditions.

Risk Amount (₦)
₦2,000,0000
Premium (₦)
₦40,0000
Benefits
  • A lump-sum payment to the nominated beneficiary or legal representative upon the death of the insured.
  • Financial support to help beneficiaries meet immediate and future financial obligations.
  • Coverage for death resulting from an insured accident or event, as specified in the policy.
  • Peace of mind by providing financial protection for the insured's dependents.
Exclusions
  • Death resulting from suicide within the exclusion period stated in the policy.
  • Death caused by intentional self-inflicted injury.
  • Death arising from participation in criminal or unlawful activities.
  • Death resulting from war, invasion, terrorism, rebellion, or military service (unless specifically covered).
  • Death resulting from the use of illegal drugs or excessive alcohol, where applicable.
  • Pre-existing medical conditions not disclosed at the time of policy purchase, where disclosure is required.
  • Death occurring outside the scope of the insured events covered by the policy.
Conditions
  • Provide complete and accurate information during policy application.
  • Pay all premiums when due to keep the policy active.
  • Disclose all material facts that may affect the insurer's assessment of risk.
  • Nominate a beneficiary (where applicable).
  • Notify the insurer of any material changes that may affect the policy.
  • Comply with all policy terms and conditions.
Claim Condition
  • Notify the insurer as soon as reasonably practicable.
  • Submit a completed claim form.
  • Provide proof of death and the cause of death.
  • Cooperate with the insurer during the claim assessment.
  • Submit all required documents within the specified timeframe.
  • Provide any additional information reasonably requested by the insurer.

Medical

Medical Cover provides financial protection by paying for eligible medical expenses incurred as a result of bodily injury arising from an accident during the policy period, subject to the policy limit.

Risk Amount (₦)
₦500,0000
Premium (₦)
₦10,0000
Benefits
  • In-patient hospitalization expenses.
  • Out-patient medical consultations and treatment (where covered).
  • Emergency medical treatment.
  • Prescription medications approved under the policy.
  • Diagnostic tests and laboratory investigations.
  • Financial protection against unexpected medical expenses.
Exclusions
  • Pre-existing medical conditions unless specifically covered.
  • Cosmetic or elective procedures not medically necessary.
  • Fertility treatment or assisted reproduction unless covered.
  • Self-inflicted injuries or attempted suicide.
  • Injuries resulting from criminal or unlawful activities.
  • Treatment arising from alcohol or drug abuse.
  • Routine medical check-ups unless included in the policy.
  • Dental and optical treatment unless specifically covered.
  • Sexually transmitted infections or HIV/AIDS where excluded by the policy.
Conditions
  • Hold an active policy with premiums paid up to date.
  • Obtain treatment from approved healthcare providers, except in emergencies.
  • Present a valid insurance card or policy details before receiving treatment, where applicable.
  • Follow the advice and treatment prescribed by qualified medical practitioners.
  • Obtain any required pre-authorizations before elective procedures.
  • Provide accurate medical information during policy application.
Claim Condition
  • Notify the insurer within the period specified in the policy for reimbursement claims.
  • Submit a completed claim form where required.
  • Provide original medical bills, receipts, and supporting documents.
  • Cooperate with the insurer during claim verification.
  • Submit medical reports or prescriptions relating to the treatment received.
Policy Summary
Covers 2
Total Premium ₦50,000
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FAQs

The risk amount is the value you declare for the asset or exposure you want to insure.

Premium is calculated by multiplying the risk amount by the cover rate.

Yes, policies can be updated before final approval or payment.

Your policy is activated instantly and your certificate is generated.