Life Insurance Companies In Kenya

Life Insurance Companies In Kenya – There is already so much uncertainty in life that you could be stuck without insurance coverage, and while there are many insurance companies to explore, you still need to go through the best selection of insurance companies to work with.

The role of insurance companies is to give you a financial foothold in times of crisis or your needs from housing, health, accident and many more. That’s why you need insurance to cover your short-term and long-term shortfalls.

Life Insurance Companies In Kenya

Life Insurance Companies In Kenya

Although insurance coverage has become very necessary, you need to choose the right insurance company to achieve your goals. This is because few insurance companies offer comprehensive insurance packages and you are likely to lose out if you choose a car insurance company when you don’t have a car.

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Most importantly, when comparing insurance policies, don’t go for the cheapest first. Look at the packages and calculate how much you will need from then; You can now rate them based on prices and where you want to place the designs.

If you are starting out with insurance, start with the essentials like health to cover medical expenses for you and your loved ones, life insurance that can provide financial security to your loved ones when you die, and education insurance for your children’s education. Over time, discover other covers as you go.

In this article, we will highlight a list of insurance companies in Kenya that you can choose from for your travel insurance.

AAR is one of the largest insurance companies in Kenya and a leader in health insurance. It is also present in three East African countries, Kenya, Uganda and Tanzania.

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The company first started as an air and road ambulance service provider as African Air Rescue before later moving into the insurance space. The Insurance Team is also an authorized financial services provider offering flexible and simple insurance solutions to empower the people of Africa. The company has been operating independently for the past four years.

AAR also supports a number of electronic services for your convenience. There is a self-help portal where you can access everything you need without calling the call center. You can also buy personal accident cover and travel insurance online without any paperwork.

AAR’s online portal also allows you to access all your policy documents, initiate complaints online and calculate your premiums and also send them a WhatsApp message.

Life Insurance Companies In Kenya

AAR insurance is also a safe and convenient way to manage your medical coverage on your mobile, so instead of using a card, you can access your medical services from a short distance via M-TIBA.

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APA Insurance is a merger between Apollo Insurance and Pan African General Insurance. The company offers a wide range of insurance from long term to short term insurance. Built on commitment, the company has grown to become one of the leading insurance companies in East Africa with presence in Kenya and Uganda.

Apollo Investments Limited provides general insurance risks such as fire, marine, aviation, personal accident, automobile, liability, agricultural, property and micro insurance.

APA Insurance is also recognized as the best insurance company in claims settlement through its wealth management division. In addition to insurance, the company is also licensed by the Capital Markets Authority (CMA) and the Retirement Pensions Authority (RBA) for fund management and investment advice.

Also known as the British-American Insurance Company, Britam is one of the leading financial services groups with interests in eastern and southern Africa. The company operates in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Malawi and Mozambique.

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The insurance company is also listed in Kenya on the Nairobi Stock Exchange. The insurance company offers a wide range of services, including: asset management, property management and banking. Since then, the company has extended its arms to the health insurance sector through its innovative product ‘Afya Tele’, a micro-finance health coverage aimed at SMEs and any registered group of 10 or more members.

Within the Property Insurance segment, Britam provides end-to-end investment solutions to the Britam Group and third party investors. Armen insures property in the following areas:

The insurance company also boasts of retirement plans for both individuals and companies, making it ideal for companies looking for a retirement plan for their employees.

Life Insurance Companies In Kenya

Madison Insurance is one of the best insurance companies in Kenya. The insurance company has been operating in Kenya since 1998 and prides itself on offering general, life and health insurance to its clients.

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With a mission to provide competitive products to the Kenyan market, the insurance company is one of the cheapest insurance companies in Kenya with a cover of up to ksh 10,000.

If you are looking for pregnancy cover for an individual with a package of up to Ksh 100,000, Madison Insurance has got you covered. The company also has an asset base of about Ksh5 billion.

Other products include the recently introduced tuition fee policy called *Bimayakaro* which gives customers access to up to Ksh 10,000.

Bimayakaro is an education policy from Madison that allows you to provide for the education of your dependents. The plan is flexible for parents struggling to meet their children’s school fees as you can set goals for the amount you want to earn, set maturity dates, including early maturity options so you never miss your maturity date. don’t give up.

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Direct Line Insurance is the largest car insurance company in Kenya. Since 1998, the company has focused exclusively on motor vehicle insurance with government service vehicles as the main player.

This is basic and mandatory coverage for all drivers, both private and public. Insurance covers third parties in case of personal injury or damage to their property. With this coverage, the insurance company will indemnify you against legal liabilities caused by the use of the insured vehicle. This policy applies to PSV matatus, PSV buses, taxis, commercial motors and private vehicles.

This package also includes package extensions for political, violence and terrorism coverage and excess protection against additional costs.

Life Insurance Companies In Kenya

Jubilee Insurance is a subsidiary of Jubilee Holdings limited which operates as one of Kenya’s leading insurance companies and is proud to have been providing health insurance in Kenya since 1937.

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The insurance company operates in Kenya, Uganda, Mauritius, Burundi and Tanzania and Pakistan, recognized as the largest integrated insurance company in the East African region with over 450,000 customers. The company is also listed on the Nairobi Stock Exchange, Dor es Salaam Stock Exchange and Uganda Stock Exchange.

Jubilee insurance covers third party fire and theft, including damage to third parties and property, based on motor vehicle insurance.

Comprehensive coverage covers third party liability and property damage to your vehicle caused by fire or accidental damage.

The general insurance package consists of personal and commercial covers that include travel insurance, home insurance, group accident, all risk insurance, comprehensive and cargo insurance and more.

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Kenindia Insurance Company was formed as a result of the merger of Indian insurance companies operating in Kenya to form a viable joint venture.

Some of the major life insurance products include a 15-year repayment plan, while you as an investor are guaranteed a return of 15 percent of your sum after every three years. After the expiry of the insurance period, which is 15 years, you will receive 100% of the sum assured, including calculated premiums and additional financial premiums, see here.

The company has become one of the most financially sound insurance companies in the country with assets of about 6.8 billion shillings and paid up capital of about Sh700 million.

Life Insurance Companies In Kenya

Accidental damage coverage, vehicle theft, passenger liability coverage excludes the driver, the insured, and family members if the insured is an insured. It also covers third party liability, which includes both property and death or injury to persons outside the vehicle.

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These cover the theft of the vehicle, the liability of passengers except the driver, the insured and the insured’s family members.

This option is a mandatory coverage that every driver needs. It covers liability for third parties, both property damage and death or injury to third parties.

CIC Insurance is a leading micro and cooperative insurance provider in Kenya with subsidiaries in fund, REITs, wealth management, general, health, group and individual life, pensions and annuities. The company has been listed on the Nairobi Stock Exchange since 2012 and its shares are currently traded on the stock exchange.

The group also has interests in Uganda, South Sudan, Tanzania, Rwanda and Malawi. CIC General Insurance Company is a leading co-operative insurance company in Kenya with a customer base of over 1.3 million.

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CIC has packages of up to Ksh300 which includes Jilinde personal accident policy which covers medical expenses of employees in case of accidents. The company also has a diaspora package for Kenyans living in the diaspora.

When you open the CIC portal in your browser, you will see an option to claim your policy.

Formerly Prudential Assurance Company PLC, First Assurance is a British multinational insurance company operating in East Africa since 1930. The insurance company is now part of Absa.

Life Insurance Companies In Kenya

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