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Insurance Bundle for Jumia Vendors

AXA Group recently entered into a partnership with Jumia; this allows AXA to become the exclusive provider of insurance products and services through Jumia’s online and mobile platforms.

In Nigeria, the partnership initiative has kicked off with the development of an insurance bundle for Jumia Market’s vendors. This insurance package is in three different variants; Basic, Standard and Deluxe which primarily covers fire, theft and damage. Depending on the level of risk exposure, vendors can choose amongst the package variants.

The product configuration and details are shown below:

PRODUCT CONFIGURATION
Coverage Basic Standard Deluxe
Property Damage
Motor
Motorcycle
Goods-In-Transit
Employer's Liability
Group Life
Public Liability
Fidelity Guarantee
Coverage Basic Standard Deluxe
Marine Cargo
BENEFITS
Coverage Basic Standard Deluxe
Theft at Point of Delivery
Claims payment within 48 hours