While monthly premiums for personal accident cover for an individual have been set at Sh35, families (four-members) will also have access to Sh150.
Hospital Cash, or Hospicash, will consist of Sh40 monthly for individuals and Sh170 for families.
Likewise, the last expense cover will be capped at Sh40 every month and Sh170 for families.
However, individuals can choose to take all three coverages cumulatively, with an individual paying Sh100 and families paying Sh420.
The firms announced that the mobile-enabled insurance solutions target lower-income families and micro, small, and medium enterprises (MSMEs).
“By leveraging the power of Airtel Money, we are revolutionizing the insurance landscape, making it more accessible, efficient, and customer friendly,” Airtel Money Kenya Managing Director Anne Kinuthia-Otieno said.
“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.”
Hospicash, for example, provides policyholders with a daily cash benefit of Sh500 for hospitalization of three up to a maximum of 30 days per annum.
In case of a death from an accident or a natural cause, beneficiaries will be entitled to a lump sum payment of Sh100,000 that will cover income loss, outstanding bills, and burial expenses.
“Our………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 said.
