A Look At Absa Bank Kenya's Bancassurance Product

A Look At Absa Bank Kenya’s Bancassurance Product

By Soko Directory Team / Published October 8, 2020 | 9:05 am

Do you have an insurance cover? Who is your insurance provider? Did you know that it is good to benchmark various insurance providers before settling on the one that suits all your needs and assures you of a safe and bright future?

What challenges are you facing with your current insurance provider? Delays in claims? Very common with most of them. Inconsistency in updating your payments? What are you planning to do to rectify the situation?

Did you know that Absa Bank Limited gas a fully-fledged insurance subsidiary; the Absa Insurance Agency that has been in operation for over six years?

According to Absa Bank, the Absa Insurance Agency was established with the sole objective of addressing the insurance needs of Kenyans, more so, the Absa Bank clients across the wide economic spectrum.

“Through strategic partnerships, we offer a full bouquet of innovative insurance products and services to our clients. This partnership will provide The Absa Group with a “one-stop-shop” for both banking and insurance needs, offering a comprehensive range of insurance products and services available across our 88 branches countrywide,” said the agency.

The agency has amazing products in motor insurance that protects one in the event of an accident; home insurance that covers homeowners and tenants against loss or damage to private dwellings/ buildings, household goods, and personal belongings against fire, theft, riot, and strike; malicious damage, floods, explosion, lightning, and thunderbolt; personal liability to third parties by the insured, work-related injury compensation to domestic servants.

The agency also offers services in Life Assurance where they cover for the assured’s life that pays out a lump sum in the event of death to the next of kin. They also provide cover for Personal Accident by providing financial compensation to the insured or his next of kin / in the event of permanent disability/death caused directly and only due to an accident.

There is also Medical (health) Insurance that is taken to cover the cost of medical care in the aspects of In-patient, OutPatient, Maternity, Dental, Optical.

One can also take a Travel Insurance that is designed to cover the costs and losses associated with unexpected events incurred while traveling including loss of baggage, hijacks, accidents, and flight delays.

Did you know that you can also get a Funeral Expense cover? This type of insurance coverage takes care of funeral costs in case of a death within your family. The payment is processed within 48 hours of the unfortunate event.

There are so many products that the Absa Insurance Agency offers. Follow the conversation on Twitter through the hashtag #AbsaConnect to learn more. Also, follow @AbsaKenya on Twitter for more.

READ: Absa Bank Becomes First Bank To Join Kenya Green Building Society

About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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