Airtel Money Kenya, Britam Kenya, and Inclusivity Solutions have partnered to introduce an unmatched suite of inclusive insurance solutions, specifically tailored to cater to the diverse needs of individuals and families.
The partnership aims to revolutionize the insurance landscape by providing affordable, market-relevant, and easy access to comprehensive coverage, right at the fingertips of Airtel Money customers. Moreover, it is dedicated to extending insurance benefits to millions of Kenyans who have been excluded from such services mainly due to access affordability.
The insurance solutions offered under the partnership include:
- Hospital Cash (Hospicash) cover: This cover provides policyholders with a daily cash payment of Kshs 500 for every night spent in the hospital from the 3rd day up to a maximum of 30 days per year. This coverage protects against loss of income and medical expenses.
- Last Expense cover: This cover is designed to alleviate the financial burden associated with funeral costs in the event of the unfortunate demise of the customer. This solution offers a lump sum payout of Kshs 100,000, providing support for beneficiaries to cover income loss, outstanding bills, and burial expenses.
- Personal Accident cover: This benefit safeguards customers in the event of Permanent Disability or Death resulting from an accident. This benefit provides a predetermined payout of Kshs 100,000 to the customer or their next of kin, ensuring financial security during challenging times.
Customers will be at liberty to purchase any of the benefits mentioned above or opt for the all-encompassing Combo Benefit, which seamlessly combines Hospital Cash, Accidental/Natural Death, and Permanent Total Disability covers into a single package, providing comprehensive protection for the insured and their loved ones.
The insurance solutions have been designed to be inclusive, catering to people of all generations, with a minimum entry age of 18 years and a maximum joining age of 65 years at entry. The plans also offer the added advantage of covering up to four dependents, fostering a strong culture of protection within households.
The claims process is equally hassle-free. Customers can initiate a claim by dialing *334# from their Airtel line and following the simple instructions.
The partnership between Airtel Money Kenya, Britam Kenya, and Inclusivity Solutions is a major step towards ensuring that millions of Kenyans have access to affordable and convenient insurance solutions. The partnership is also a testament to the commitment of the three companies to enhancing financial inclusion in Kenya.
What they said:
“We are thrilled to partner with Britam Kenya and Inclusivity Solutions to bring these innovative insurance solutions to our customers. By leveraging the power of Airtel Money, we are revolutionizing the insurance landscape, making it more accessible, efficient, and customer friendly. This partnership aligns perfectly with our commitment to enhancing financial inclusion and offering our customers greater control over their financial well-being through affordable products and services.” Anne Kinuthia – Otieno, the Managing Director of Airtel Money Kenya,
“We are delighted to partner with Airtel Money Kenya and Inclusivity Solutions, to offer our customers innovative and affordable insurance solutions that safeguard their dreams and aspirations. Through this partnership, we aim to reach out to millions of Kenyans who do not have access to formal insurance and provide them with protection against various risks that can affect their livelihoods and well-being.” Britam’s Director of Partnerships and Digital, Evah Kimani, said
“We are thrilled to partner with Airtel Money Kenya and Britam to power the launch of this exciting new insurance product. Our award-winning digital insurance platform enables us to easily launch embedded insurance products and we are excited to bring this innovative product to customers in Kenya” Inclusivity Solutions CEO, Indira Gopalakrishna stated.