• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, October 22, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Leadway Partners Octamile To Provide “PayCover” For Motor Insurance

by Toby Moses
1 year ago
in Business
Leadway
Share on WhatsAppShare on FacebookShare on XTelegram

Leadway Assurance has partnered with Octamile to offer a “PayCover” solution that allows customers to split their motor insurance premium payments into manageable instalments.

Advertisement

Managing Director, Leadway Assurance, Gboyega Lesi, announced this in a statement made available to newsmen on Thursday in Lagos.

Lesi said that the PayCover innovative Buy Now Pay Later (BNPL) solution aims to revolutionise motor insurance payments by offering unmatched flexibility and ease.

Advertisement

According to him, PayCover is designed to seamlessly integrate with Leadway’s digital and offline payment channels, allowing customers to split their premium payments into manageable instalments.

“Critical features of PayCover include flexible payment options, premium financing through short-term credit facilities, real-time processing of insurance certificates, automated payment reminders, and top-notch transaction security.

 

RELATED NEWS

Delta APC United Under Oborevwori — Official

Enko’s Private Credit Fund Targets Africa’s Economic Growth With $100m

Oyetola Pledges Support For Indigenous Shipping

Federal Govt Recognises PalmPay For Advancing Financial Inclusion

“These features ensure customers can immediately obtain motor insurance coverage while spreading the cost over time, making it more accessible and affordable.

 

“Leadway continuously seeks innovative ways to provide value to its customers.

 

“And the strategic alliance with Octamile for the PayCover solution aligns perfectly with the insurer’s commitment to deepen motor insurance.

 

“This is to ensure that customers get a flexible and convenient payment that fits their cash management plans,” he said.

 

Lesi explained that with PayCover’s flexible options and premium financing, the underwriter addressed a significant pain point for customers who found it challenging to pay full premiums upfront.

 

“We have no doubt that PayCover will revolutionise motor insurance in Nigeria for its seamless and convenient premium payment provision, especially in these trying economic times.

 

“This initiative affirms our dedication to customer-centric solutions and making insurance uptake seamless and convenient for all,” he added.

 

Also in the statement,  the chief executive officer of Octamile, Gbenro Dara, expressed excitement to collaborate with Leadway to bring PayCover to a broader audience.

 

Dara, also the founder of the company, said that the goal of the collaboration is to make insurance more accessible and affordable for all Nigerians.

 

He said by integrating Octamile’s solution with Leadway’s extensive network and reputable brand, PayCover could significantly enhance the customer experience and drive higher adoption rates for motor insurance.

 

“This partnership reflects our shared vision of leveraging innovative technology to simplify financial services and improve lives.

 

“We look forward to seeing how our solution, with its flexible payment options and secure transaction processes will positively impact existing and new Leadway customers.

 

“This solution enhances customers satisfaction by simplifying the payment process and improves insurers’ cash flow management,” he said.

 

According to him, with PayCover, Leadway customers can enjoy a smoother, hassle-free experience when purchasing motor insurance.

 

The News Agency of Nigeria (NAN) reports that Leadway Assurance is one of Nigeria’s insurance service companies, while Octamile is an insurtech company with access to insurance for Africans.

 

 

 

Join Our WhatsApp Channel

Breaking News: Nigerians at home and abroad can now earn in USD by acquiring ultra-premium domains from $3,000 and profiting up to $36,000. Perfect for professionals. Click here.

SendShareTweetShare

OTHER NEWS UPDATES

Governor Oborevwori Orders Council Chairmen To Execute Landmark Projects
Business

Delta APC United Under Oborevwori — Official

11 hours ago
Enko’s Private Credit Fund Targets Africa’s Economic Growth With $100m
Business

Enko’s Private Credit Fund Targets Africa’s Economic Growth With $100m

11 hours ago
Oyetola
Business

Oyetola Pledges Support For Indigenous Shipping

11 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

Reps Launch Investigation Into $850bn Unrepariated Crude Oil Export Proceeds

51 minutes ago

18-yr-old Aminu Sani Becomes Nigeria’s Youngest Licensed Commercial Pilot

1 hour ago

Aiyedatiwa Woos UK Investors, Unveils Ondo’s Untapped Resources

2 hours ago

‎Seyi Tinubu Meets Obi Cubana, Stanley Uzochukwu, Anyaso, Others Over ‘Change Nigeria’ Initiative

2 hours ago

Tinubu Extends Tenure Of Surveyor-General Adebomehin By 2 Years

2 hours ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.