By NDUMBE BELL J.G in Douala
A new insurance policy designed to support low-income families, independents and companies wishing to provide some social incentives for their workforce, has been hatched and launched by Chanas Assurance Vie (CAV). This took place in Douala, last August 5, 2025.
CAV’s new insurances cover called Chanas Suwèlè Pro Max, is designed to tackle or provide funeral solutions at affordable premiums, therefore providing financial and human inclusion during sad moments of family lives.
All the gymnastics of the funeral insurance cover were explained by Senior Management officials such as the General Manager, Nelly Bakang Yonga, the Technical Director, Mbim Batoun Alain and the Director of Marketing, Edmund Junior Djemba.
The human inclusion of this funeral insurance cover was explained to mean that all the advanced age exemptions, barriers or limits that have always been an impediment to subscribe to the old over 60 years, have been removed. A subscriber of say 71 years who is the father or mother can insure the parents or and in-laws of up to 100 years of age, which means again that the African way of what extended family is, has been included.
According to senior management, there are three of such Chanas Suwèlè Pro Max insurance packages or plans where in case of a loss, the beneficiaries (the subscribers) can have a return capital of either FCFA 500 000 or FCFA 1 million or FCFA 2 million depending on the initial choice of the subscriber. Only six persons of these advanced ages can be eligible but children can be brought in as well, by their parents.
Further illustration showed that an annual premium of FCFA 66 000 has been estimated for the return capital of FCFA 500 000 in case of a funeral or loss of life.
The parent subscriber may decide to include four of their children who may be less or above their teens. Chanas Assurances Vie (Chanas Life Insurances) will calculate 15 percent of plan one (1) premium (66 000) and multiply by 4 to have a premium of FCFA 39 600 which will be added to FCFA 66 000 to total 105 600 annual premiums for ten (10) persons. In funeral insurance cover plan one (1) the funeral benefits are FCFA 500 000 per head. In the funeral insurance cover of plans two and three, they are extrapolated higher at the FCFA 1 million and 2 million and the premiums are more. The higher the benefits, the higher the premiums.
Another exceptional feature in this funeral package, it was explained, was the payment of the benefits within 48 hours. It is only in the first year that there is a ninety – day delay, explained the General Manager, Nelly Bakang Yonga. She further explained that the newly innovated product has come to take out the burden from a family where only the same persons take responsibility each time there is a funeral. This is also an attempt to increase the rate of penetration of the insurance industry in Africa.
The issuance is done digitally, so that even the diasporans can subscribe.
Aside the capital (gained) accruing from the premiums, the official readout stated that, “developed to ease the burdens on loved ones during difficult times, Suwelè Pro Max combines financial support in the event of death with optional logistical assistance such as body transport, casket or coffin, hearse and flowers, facilitated by a network of accredited service providers.”
The representatives of the Mutual Fund for the Aged in Cameroon (Mutuelle de Personnes Agées du Cameroun) – MUPAC, Ekwe and M. Bell said they were determined to work closely with Chanas Assurance Vie (CAV) to examine ways to achieve other related goals.
