MTN aYo, Send with Care: Insurance from MTN
MTN aYo is an insurance scheme by aYo and MTN. With aYo Send with Care, you can get insurance cover for the money you send to loved ones using MTN Mobile Money. To use this service, Dial *170# and choose to Send your money with Care.
What is MTN aYo?
aYo Send with Care promises to keep sending money to your loved ones, even when you can’t. If you add aYo Send with Care cover to the money you send home via MTN Mobile Money, aYo will triple the amounts you’ve sent over the last 4 months, and pay it to your beneficiaries over the next 12 months on receipt of a valid claim.
Benefits of MTN aYo
Cover:
By sending money through “Send with Care” you will be purchasing cover valid for 120 days, every time you send money to a beneficiary (either an individual person or to a school for school fees).
Cover for money sent to individuals through MTN Mobile Money:
If you send money to a beneficiary using Send with Care and then pass away or spend at least 1 night in hospital because of a physical injury caused by a trauma event, the accumulated cover will be paid into your beneficiary’s MTN Mobile Money Account.
Cover for your school fees paid through MTN Mobile Money:
If you pay your school fees through Send with Care and then pass away or spend at least 1 night in hospital because of a physical injury caused by a trauma event, your accumulated cover will be paid into the School’s MTN Mobile Money Account for your children’s school fees.
Receive bonus value:
By using Send with Care you will receive bonus value (MyBonus). MyBonus becomes available to you once it reaches a specified threshold and you can choose to have it cashed out into your MTN Mobile Money account.
Claims made easy:
Claims can be done directly from your cell phone. Your beneficiary or MyCaretaker (trusted person) can claim on your behalf in the event that you are unable to do so.
MTN aYo Cost or Premium
aYo Send with Care only costs a small portion of the money you send home via MTN Mobile Money. Pay just 5% (This amount is deducted from your MTN Mobile Money balance) of the amount you send, for example:
- If you send GHS50, the cost for Send with Care will be GHS2.50
- If you send GHS400, the cost for Send with Care will be GHS20
- If you send GHS900, the cost for Send with Care will be GHS45
It’s an affordable way for you to share the care and make sure your family is looked after.
About your aYo Caretaker
This is a person you trust. MyCaretaker can claim on your behalf when you are unable to do so. MyCaretaker can ensure that your beneficiaries receive the Send with Care proceeds due to them in the event of you being in hospital for at least one night because of a physical injury caused by a trauma event, or if you pass away.
You will need the following information to enter their details:
- First name,
- Last name,
- Cell phone number and
- Date of birth.
Follow the “MyCaretaker” option in the Send with Care section in the MTN Mobile Money USSD menu.
Bonuses
Earn MyBonus value each time you Send with Care. The value of MyBonus builds up to a specific value, at which point you can cash it out to your MTN Mobile Money account.
Conclusion
MTN aYo Send with Care promises to keep sending money to your loved ones, even when you can’t. Add aYo Send with Care cover to the money you send home via MTN Mobile Money, and MTN aYo will triple the amounts you’ve sent over the last 4 months, and pay it out to your beneficiaries (the recipients of your payments) in 12 equal monthly payments should anything happen to you. Life cover will be paid out in the unfortunate event that you pass away, and hospital cover will be paid out if you have to spend one night or more in hospital due to an accident. Note: this cover is for accidents specifically and does not cover illness.
Read the full terms and conditions of aYo here.
You can learn how to register MTN Mobile Money by clicking here.
