What is Comprehensive Commuter-Operator Insurance Scheme (CCOIS)? Comprehensive Commuter-Operator insurance Scheme (CCOIS) is a product designed to provide prospect policy holder with a cover from the costs associated with medical care during transportation accident as well as life assurance and vehicle insurance cover for the transport operators/passengers. It serves as a safeguard against unexpected medical expenses, vehicle repairs and loss of life compensation that may arise due to road/vehicular accidents. It could be extended to other means of transportations e.g. rail, water, air etc. The fundamental concept of Comprehensive Commuter-Operator Insurance Scheme (CCOIS) involves transport operators e.g. App-Based transporters, Commuter buses i.e. danfo/vans, Taxis and other cabs, Mini buses, Coaster buses, big buses like BRT, Marcopolo, Molue etc, Tricycle and Motor cycles all known as Okada paying a premium on a daily basis through Choice Prepayment to their insurance provider partner in exchange for coverage. In the event of a medical need, vehicular repair or compensation, the insurance company bears the associated expenses as dictated in the policy cover, thereby helping to alleviate the financial burden on the policyholder. It is a yearly premium allowed to be paid daily.

WHY COMPREHENSIVE COMMUTER-OPERATOR INSURANCE SCHEME (CCOIS)
It has been observed over time that there has been no adequate care or compensation plan that for our public transport system. In as much as the government cares for the people, they are saddled with economic decisions that will impact the lives of the people and pay less attention to this specific areas as this is left to entrepreneurs to tap into, in order to assists the government to achieve their overall objectives. This necessitates Choice Prepayment Services Limited to develop a product called ‘Comprehensive Commuter-Operator Insurance Scheme (CCOIS)’ to further strengthen the objectives of the federal government in the transportation sector.

OBJECTIVES OF COMPREHENSIVE COMMUTER-OPERATOR INSURANCE SCHEME (CCOIS)
The primary objective of Comprehensive Commuter-Operator Insurance Scheme (CCOIS) is to provide comprehensive health, life and vehicular insurance cover to both transport operators/owners and the user of their service. Here are the key objectives of Comprehensive Commuter-Operator Insurance Scheme (CCOIS):

1. Financial Protection: Comprehensive Commuter-Operator Insurance Scheme (CCOIS) aims to protect transport operators and passengers from unplanned costs associated with unexpected eventualities. By paying a regular premium, policyholders transfer the financial risk of expenses to the insurance company.

2. Access to Healthcare: Comprehensive Commuter-Operator Insurance Scheme (CCOIS) facilitates access to a broad range of medical services, including hospitalization, surgeries, prescription medications, and more in case of accident associated with transportation. This ensures that individuals can receive timely and necessary healthcare without facing significant financial barriers.

3. Access to Timely Repair: Accident vehicles under Comprehensive Commuter-Operator Insurance Scheme (CCOIS) will receive timely repairs through our network of partners.

4. Life Insurance/permanent disability Compensation: Prompt response to claim payment under Comprehensive Commuter-Operator Insurance Scheme (CCOIS).

5. Preventive Services: Comprehensive Commuter-Operator Insurance Scheme (CCOIS) plans offer coverage for preventive services. It creates confidence in the policyholders that they and their passengers are fully covered against eventualities.

6. Financial Stability: Comprehensive Commuter-Operator Insurance Scheme (CCOIS) contributes to the financial stability of transport operators, passengers and their families by preventing catastrophic expenses from transport accidents from causing financial hardship. This stability is particularly important in times of serious financial instability when the eventualities happen.

For further enquiries, send a mail to info@choiceprepayment.com or call +2349017280167