Product overview
Motorcycle/Tricycle Microinsurance explained
Microinsurance makes statutory third-party motor cover accessible to okada and keke operators at a fraction of the conventional premium, issued in minutes with no paperwork.
What is Microinsurance?
Microinsurance is a simplified, low-cost insurance product designed for high-volume, low-value risks — like statutory third-party cover for motorcycles and tricycles. It trades broader cover for a much lower premium and faster issuance.
Why you may need it
- Meets the statutory third-party requirement for commercial motorcycles and tricycles.
- Priced for the realities of okada and keke operators.
- Issued in minutes, with a digital certificate.
Available products
- Motorcycle Third Party.
- Tricycle (Keke) Third Party.
What you need to apply
- Vehicle registration details.
- Rider/operator means of identification (NIN or BVN).
Common exclusions
- Damage to your own motorcycle or tricycle (third-party only).
- Claims arising from unlicensed or unregistered use.