The Consequences of Lying For Cheaper Insurance
Some times it's as simple as checking no in the box where you should have checked yes. Other times it is slightly more complicated. Whichever way it is lying before you get your insurance could get you in serious danger. Here's what's in the fine print
IRA Uses Driver Reward System to Avoid Insurance Fraud
The Insurance Regulatory Authority (IRA) has been using a reward system for the sake of reducing motor insurance fraud. In light of a series of losses made by the vehicle insurance industry, the Authority has decided to introduce a non claims discount for careful drivers.
Planning Ahead: Academic Insurance
Academic insurance is something that most people desperately need. Year after year, millions of parents find it difficult to meet the cost of education. Students are often sent home because their fees have not been cleared. Others find it impossible to graduate based on the fact that few…
Education Insurance, It’s better to Plan Ahead
Of the four basic needs, academic empowerment has always held the last place. Yet this is the key to a secure future, or at least a tool. You may actually need education insurance.
Ministry Reports Insufficient Medical Cover for Informal Sector
The Ministry of Medical Services has reported that low-cost health insurance schemes lack the capacity to cover members of the informal sector. The Ministry stated that the cost of medical services outweigh the contributions of the policy holders. Minister for Health, Prof Anyang’ Nyong’o said that…
Insurers Push for Higher Medical Premiums
The cost of medical insurance hangs in the balance as the Association of Kenya Insurers (AKI) moves to introduce fixed premium rates. This means that Kenyans may soon pay more for healthcare if the Association manages to convince other stakeholders within the industry. Speaking…
The Cheapest Health Insurance Money can Buy
The Small-holder Irrigation Schemes Organisation (SISDO) has launched one of the country’s most affordable medical insurance policies. Kenyans can now pay a daily premium of KES 34 for health insurance which covers both outpatient and inpatient care. However, SISDO, is not the first low-cost health insurer…
Insurers Compete for KES 90 Billion Market
Insurance companies have made plans to roll out new services amid the rising number of policy holders in the country. The Association of Kenya Insurers (AKI) has announced that organizations are facing stiff competition as the sector continues to expand. According to AKI, policy holders…
How Affordable is Health Insurance?
Most Health Insurance companies promise a life filled with medical security and free of never-ending hospital bills. Few can actually deliver on that promise. So just what do you get out of health insurance?
Pay As You Drive Vs Normal Car Insurance
Gateway Insurance recently launched a new motor insurance service that appears to be a good idea. The concept seems simple enough; Vehicle owners pay less for insurance the less they drive. The service is called Pay as You Drive (PAYD). This seems like a reasonable deal…
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