Britam to offer mobile insurance solutions for low income earners


Britam Insurance, Airtel Money, and Inclusivity Solutions, have partnered to introduce a range of mobile insurance solutions targeting lower income families and Micro, Small, and Medium Enterprises (MSMEs). The partnership aims to provide protection to these underserved segments of the population against several risks, including loss of income due to hospitalization, death or disability caused by accident, and funeral costs in the event of death from natural causes or accident.

The partnership will enable customers to access three innovative insurance products through their mobile phones: Hospital Cash, Last Expense and Personal Accident covers or a combination of the three.

The Hospital Cash (Hospi-cash) cover provides policyholders with a daily cash benefit of Ksh500 per day for a hospitalization period of three or more days, up to a maximum of 30 days per year. This insurance coverage protects against loss of income and medical expenses, with premiums starting as low as Ksh35 per month for individuals or Ksh170 for a family of up to four members.

Additionally, the Last Expense cover is designed to alleviate the financial burden associated with funeral costs in the event of the assured’s death. This solution offers a lumpsum payout of Ksh100,000 to beneficiaries to cover income loss, outstanding bills, and burial expenses, with premiums starting at Ksh40 per month for individuals or Ksh170 for a family of up to four members.


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