Harboursandport.com: Lagos – February 17, 2025: In response to the evolving needs of Nigerian motorists, Linkage Assurance Plc has introduced an enhanced third-party motor insurance package, ‘Third Party Plus,’ offering additional protection beyond the traditional third-party coverage.
The
innovative policy, designed to cater to budget-conscious vehicle owners,
combines the legally required third-party insurance with own damage protection,
ensuring that policyholders are not left stranded in the event of an accident.
 |
| Daniel Braie, MD/CEO Linkage Assurance |
Affordable Plans with Comprehensive Benefits
Unlike the
conventional third-party motor insurance policy priced at ₦15,000, which only
covers third-party liabilities, the Linkage Third Party Plus provides extra
benefits, including an Own damage coverage starting from N500, 000 to
₦1,000,000 depending on the variant chosen . The product is available in four
different plans to accommodate various budgets and protection levels:
Third Party
Plus: On-The-Go – ₦30,000 premium, Own Damage Cover: ₦500,000
Third Party
Plus: Star – ₦50,000 premium, Own Damage Cover: ₦750,000
Third Party
Plus: Diamond – ₦60,000 premium, Own Damage Cover: ₦850,000
Third Party
Plus: Platinum – ₦70,000 premium, Own Damage Cover: ₦1,000,000
Bridging the
gap between Third-Party and comprehensive insurance
Speaking on
Arise TV, Dr. Imo Okorie Imo, Chief Strategy and Product Officer at Linkage
Assurance Plc, emphasized the rationale behind the launch of the Third Party
Plus Insurance product.
“Many
Nigerian motorists struggle to maintain comprehensive insurance due to economic
constraints. We identified the need for a more affordable plan that provides
the mandatory third-party cover while also offering some level of protection
for their vehicle,” he explained.
Dr. Imo
noted that the Third Party Plus was developed in response to market demand,
ensuring that customers who cannot afford comprehensive insurance are still
protected against both third-party liabilities and personal vehicle damages.
“By law,
third-party insurance is compulsory, covering damages to others. However, to
provide additional security for our customers, we introduced this hybrid plan,
which has received regulatory approval,” he added.
Seamless
Online Access via Linkage Assurance Portal
To enhance
accessibility and ease of purchase, Linkage Assurance Plc has launched a
dedicated online portal where customers can seamlessly buy and manage their policies
from anywhere.
Interested
vehicle owners can purchase the Third Party Plus Insurance via:
Website/Portal:
Visit our Linkage Assurance Motor Online Portal
www.linkageassurance.com/motor or
www.linkageassuranceplc.com to complete
your registration and purchase.
Physical
Offices: Lekki Phase 1, Lagos (H/O), Lagos Mainland (Ilupeju), Abuja, Yenagoa,
Port Harcourt, Umuahia, Enugu, Calabar, Uyo, Benin City, Warri, Ibadan, Akure,
Kano and Kaduna.
Dr. Imo also
revealed that the company’s digital transformation efforts ensure customers can
now access insurance solutions conveniently without visiting a physical office.
“We
discovered that many consumers prefer handling their insurance needs from the
comfort of their homes, so we developed a self-service portal where they can
easily purchase and manage their policies,” he stated.
A New Era of
Affordable Motor Insurance
The Linkage
Third Party Plus offers Nigerian motorists a cost-effective alternative to
comprehensive insurance while providing much-needed protection against
financial loss. With its affordable pricing, flexibility, and digital
accessibility, this product is set to redefine motor insurance in Nigeria.
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