Our efforts to create an integrated process in the motor industry have brought about the introduction of the e-Hire Purchase module. As more linkages and modules are made available, e-Cover has fulfilled its intended objective of being the hub of all insurance transactions where agents/motor dealers are able to perform hire purchase applications via the system. Subscribers are now able to utilize the system to perform a full complement of transactions from motor financing to insurance coverage as well as the application of Road Tax Certificates.

1. Car buyer approaches a Car Dealer/ Agent for Financing      Application.
2. Car Dealer/ Agent logs-in to e-Cover Hire Purchase module for      Financing Application. The Application will be sent to the Hire      Purchase Company (Bank/Financial Institution).
3. Hire Purchase Company will then verify the Hire Purchase      Application.
4. Hire Purchase Company will reply the verified status of the Hire      Purchase Application to Car Dealers via e-Cover.
5. Car Dealer/ Agents informs the car buyer on the status.
6. e-Cover can also send the Hire Purchase reply status via SMS      to Car Dealer and the Car Buyer if the request is made.

How does e-Cover: Hire Purchase benifits the user...

• Another element of the motor business transaction.
• A common platform, thus minimizing the learning curve of users.
• No additional data entry for e-Policy issuance.
• Speedy response for better customer services.
• Application status via SMS.
• Additional income.