ETAP, an insurance technology firm, has launched ETAP Takaful, a new car insurance product. The firm stated that its product was designed to redistribute funds to users and support social good in their communities. It added that policyholders can also receive their surplus via cashback or a discount on renewals. “We have built one of the most exciting insurance apps in the world and ETAP Takaful will make it easier for more people to access the many benefits that come with our app and enable more enjoyable driving experiences.”The firm noted that the global Takaful insurance market is projected to reach $97.17bn by 2030. It added that Nigerian users can now access the option on its app alongside other insurance options and immediately begin to give back to their communities while having their cars insured.

Source: Punch April 17, 2023 08:32 UTC