CFAO Ghana, the official distributor of Mitsubishi and Suzuki vehicles in Ghana has partnered with Allianz Insurance to introduce the first-ever life insurance package attached to vehicle purchase in Ghana.
The new package, called Auto Life by CFAO, is an initiative aimed at providing life insurance cover for all individuals who purchase a new vehicle from CFAO Ghana from the 1st of March, 2020.
CFAO clients will automatically receive a five-year life insurance cover from Allianz worth the total cost of the vehicle purchased.
CFAO Ghana will pay the cost of premium for the first three years and then the client will pay for the last two years.
Additionally, if nothing happens during the full duration of the cover, the client will receive a cashback benefit upon maturity of the five year period.
According to the Managing Director of CFAO Ghana, Paulo Fernandes, the AutoLife package is one out of the many new innovative services to be offered by CFAO in the months ahead.
”CFAO is entirely focused on customer satisfaction with the great ambition to respond to their needs and exceed their expectations. Our ultimate ambition is to be the number one car dealer in the heart of the Ghanaian customers,” he added.
On May 24th 2018, Allianz officially launched its life insurance operations in Ghana. The company offers savings plans, funeral and term life policies for both the retail and microinsurance markets as well as group life products for companies, SMEs, groups and associations.
Allianz Life is a part of the Allianz Group, one of the world’s leading insurers and asset managers with more than 92 million retail and corporate customers in over 70 countries worldwide. Allianz customers benefit from a broad range of personal and corporate insurance services.
Allianz is one of the world’s largest investors, managing around 673 billion euros on behalf of its insurance customers. In 2018, over 142,000 employees in more than 80 countries achieved total revenues of 131 billion euros and an operating profit of 11.5 billion euros for the group.
About CFAO Ghana Ltd
CFAO Ghana is a subsidiary of CFAO GROUP, the largest automobile dealer network in Africa and in seven French overseas territories.
Established in 1909, CFAO Ghana Ltd has over the years evolved into one of the leaders of the country’s automobile industry by continuously providing Ghanaians with new, commercial and private vehicles, genuine spare parts and quality aftersales service.
CFAO Ghana Ltd is the exclusive distributor for two internationally renowned brands; Mitsubishi and Suzuki and recently launched its new CFAO Pre-Owned cars service, where customers can trade-in their used cars for a brand new vehicle.