Azuri and APA Insurance Partners to Offer an affordable Micro-Insurance Product

Azuri Technologies in conjunction with APA Insurance have jointly launched HospiCash, a low-cost micro-insurance product for Azuri solar power customers across Kenya.

By adding the optional HospiCash service to their pay-as-you-go home solar solution, Azuri customers benefit from the peace of mind with income cover when hospitalized, in addition to cover for funeral expenses.

Azuri HospiCash customers who are unable to work due to being hospitalized can claim up to KES 1,000 per day.  In addition, the policy also covers funeral expenses up to KES 10,000 upon the death of the insured paid to a named beneficiary.

Speaking during the official launch of the HospiCash at the APA headquarters in Nairobi, Azuri CEO Simon Bransfield-Garth said that they were delighted to partner with APA in a move that will enable them further their vision of providing consumers across Africa with products and services that have the power to truly change and improve lives.

“Many off-grid consumers find it difficult to access modern financial products and so combining Azuri’s reach and APA’s affordable insurance allows customers to concentrate on making a full recovery rather than worrying about the loss of income from being hospitalized,” said Simon Bransfied-Garth.

Apollo Group CEO, Mr. Ashok Shah noted that off-grid consumers have been traditionally underserved by insurance providers because of the relative difficulty of access.

“The partnership with Azuri provides a means to open up a range of financial inclusion offerings to this important customer base.  APA Insurance is committed to providing insurance to all income groups in Kenya,” added Mr. Ashok Shah.

Azuri’s HospiCash cover is being rolled out nationwide and will be available to all Azuri Quad and solar TV customers.

The Azuri Quad solar home lighting system costs as little as 49 shillings per week and includes a 10W solar panel, four bright LED lights, USB port and connectors for mobile phone charging, rechargeable radio and rechargeable torch.