Did you know that The National Social Security Fund (NSSF) has a funeral grant that caters to the funeral expenses for its members? The grant is payable to a dependant of a deceased member, and the deceased should have made at least three monthly…
The National Social Security Fund (NSSF) has embarked in an aggressive campaign dubbed: Sawazisha na NSSF that encourages its members to check on the status of their NSSF accounts. Why should you check on your NSSF account status and what is the procedure? NSSF is required to issue…
As you age, the idea of life insurance seems increasingly unnecessary. Many retirees prefer not to continue paying life insurance premiums when they no longer have young families to take care of. However, before you shrug off the idea of life insurance in retirement, it’s a good idea to consider…
Revenue Benefits Authority (RBA) partnership with MPESA has seen the Mbao (20) pension scheme grow by 3,000% The mbao pension scheme is a voluntary retirement savings plan with a minimum daily contribution of KES 20 targeting workers in the informal sector. The contributions can…
It has been the fear of many that traditional old-age security systems are crumbling. There has not been a properly defined way to secure the later years of Kenyans especially the self employed who did not have a channel that could save up to their retirement. However Savings and Credit…
Kenya Orient Insurance company has a new product for its clients which might just interest you. This is the Orient Motor Pack, an EXCESS FREE package that combines Motor Insurance with Personal Accident including 24 Hour Rescue and Emergency Services. This package also comes with a Nil…
The company pays out Ksh1.33 Billion in claims to 4,195 general insurance clients in 2011. Jubilee Insurance has been voted the overall winner of the Best Claims Settlement Award sponsored by the Association of Insurance Brokers of Kenya popularly known as the BIMA AWARDS 2012.
The Insurance regulatory Authority (IRA) has declined to renew licenses for three insurance companies. UAP Life Assurance, Capex Life Assurance and Xplico Insurance were not put on this years’ list of licencees with the regulator citing breach…