Digitising Education Insurance for Schools, Parents & Students

digitising education insurance

Lagos, Nigeria. July 27, 2022 – We are happy to announce an Embedded Insurance partnership for digitising education insurance for schools, parents and students across Nigeria with Edusko.

Edusko is a leading EdTech startup and one of Africa’s education marketplaces for schools and parents. The company leverages technology and data to make life easier for schools, parents, students, teachers, donor agencies, policymakers and leading brands genuinely interested in the African education ecosystem.

digitising education insurance
L-R: Founder and CEO of Octamile Inc., Gbenro Dara and Jide Ayegbusi, CEO, Edusko Inc

Our Founder and CEO, Gbenro Dara, during the partnership unveiling, said, “Education is a huge part of the drivers of economic growth, and financial shocks and mishaps over the years have cut short the education of several low-income families. Our partnership with Edusko ensures Nigerian Parents and Schools can have access to these products to guarantee education continues despite these events.”

The partnership between Edusko and Octamile leverages Octamile’s All-in-One Insurance Management Solution for embedded insurance distribution. Insurance policies from top underwriters will provide covers for pupils of partner schools across the Edusko platform via the following tailored products:

  1. School Fees Protection Plan: The insurance policy protects a beneficiary even after their parents or guardians die or have a permanent disability or other mishaps that may hinder the continuous payment of school fees. It starts for as low as ₦3,000.
  2. Student Personal Accident Cover – this policy protects students should they be involved in any activity that may result in an accident or injury. Available covers from ₦1,000.

Other insurance policy covers tailored for schools are also available in the event of fire, burglary or other mishaps.

“At Edusko, we strongly believe that every child deserves quality education and this must not stop regardless of any external unforeseen circumstances. We’re happy to partner with Octamile to secure the future of our children through bespoke educational insurance policies that are affordable and easy to buy. With this partnership, loving parents who have children in over 4,000 schools on edusko.com can now easily access relevant insurance policies to secure the future of their children.” – Jide Ayegbusi, CEO, Edusko Inc.

We are glad about our technology and partnership with top underwriters via an embedded strategy for EdTech businesses to cushion the effects of loss for underinsured families across Nigeria. Cheers to making an impact for students, schools and parents across Nigeria.

Insurance Management Infrastructure for B2C Businesses

Octamile is an insurtech startup, our all-in-one insurance infrastructure platform that helps underwriters, brokers, and tech businesses to enable their digital distribution of insurance products seamlessly. Our ecosystem of technology products helps Insurers innovate faster and protect consumers from financial loss.

We make insurance work for insurers, non-insurance businesses like Edusko and their consumers. Some of our data and tech solutions simplifying access to insurance include:

Our embedded insurance distribution enables B2C companies like Edusko, Gokada, DriveMe, VeendHQ, Daboo Insurtech, Breeze (NeoBank) and many more to launch lifestyle, health, auto, life, credit and other customisable insurance products suitable for underinsured consumers.

Let us work together to deepen insurance in Africa; schedule a demo or email business@octamile.com. We look forward to hearing from you.

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