PalmPay, a fast-growing fintech platform and digital neobank for emerging markets, has teamed up with AXA Mansard Health, the country’s largest health insurance provider and part of the globally renowned AXA Group, to make affordable healthcare coverage accessible to millions of Nigerians.
The partnership allows PalmPay users to browse and subscribe to a variety of AXA Mansard insurance plans directly through the PalmPay mobile app. Starting from just ₦500 per month, the packages are designed to fit different lifestyles and budgets, ensuring more people can enjoy financial protection for their health.
Plan options include the AXA Digital Health plan, which covers telemedicine consultations, ₦5,000 worth of prescribed medications, and up to ₦40,000 in surgical expenses. For ₦1,000 per month, the MicroHealth plan offers unlimited diagnostic tests and funeral benefits. Another option, the Accident plan, priced at ₦500 monthly, provides death coverage for both accidental and natural causes.
Commenting on the initiative, Habib Kowontan, PalmPay’s Head of Wealth Product, said the collaboration breaks down traditional barriers to insurance access: “Insurance plays a vital role in financial security, yet many Nigerians remain without it. By partnering with AXA Mansard Health, we are putting reliable, affordable insurance right into the hands of our users.”
Jumoke Odunlami, Chief Distribution Officer at AXA Mansard, said the partnership aligns with the company’s vision of protecting what matters:“We are already covering more than 1.8 million Nigerians, and this alliance with PalmPay will help us reach even more people. It’s about ensuring healthcare is not only accessible but also affordable and available when needed.”
This move is part of PalmPay’s broader mission to build an inclusive digital financial ecosystem, one that not only helps users manage money more efficiently but also safeguards their long-term health and well-being.
