Article
South African insurance company Metropolitan Life has introduced a new service called Cover2go that makes innovative use of mobile phone technology from Clickatell to offer insurance cover to those on lower incomes in South Africa. The service costs around R10 (approx €1), which is deducted from the phone’s airtime and provides instant life insurance for six days, paying out R60,000 (approx €6,300) in the case of accidental death. Cover2go has already been offered to the public at taxi ranks in Gauteng, South Africa, in a pilot campaign.