In lieu of their recent move to restrategize on their passenger experiences and better their insurance policies, the stakeholders of Air Peace have finally introduced a full insurance package from the shores of AIICO Insurance Plc., which would be used to compensate unpleasant experiences of domestic travellers.
A statement which had been released by Mr Segun Olalandu who is the Head, Strategic Marketing and Communications Department, AIICO, on Monday in Lagos had noted that the product was for the personal benefit of some of the air passengers at a premium of N1,000 per flight.
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Olalandu had also stated that with the product passengers which were also entitled to compensation for some of the inconveniences which had been suffered due to flight cancellations, delays, baggage loss or damage and medical expenses on accident or permanent disability.
“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,” he said.
According to him, the agreement between the organisations will bring innovation to the aviation industry through embedded insurance that meets customers’ needs.
The Chief Operating Officer of Air Peace, Mrs Oluwatoyin Olajide, said the insurance package was introduced to address the issues around passengers’ experiences concerning lost or damaged luggage and more recently, the pain of missed flights.
Olajide said: “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.”
Mr Babatunde Fajemirokun, Managing Director/Chief Executive Officer of AIICO Insurance Plc, said the insurer was delighted with the endeavour, which aligned with its continued focus on innovative products that brought wholesome peace of mind to customers.