Telkom And Britam Partner To Offer Customers Insurance Cover

Telkom and Britam Holdings have partnered to bring a mobile-based insurance solution that will see customers benefit from a bespoke mobile and insurance bundle that includes mobile data, voice minutes, SMS, personal accident, and last-expense insurance.

The solution, the Life Bila Noma bundle, offers two options, Life 200 and Life 300.

Life 200 at a monthly cost of only 200 shillings will provide monthly insurance personal accident cover for up to 20,000 shillings and a monthly last-expense of 20,000 shillings as well as 1GB mobile data, 25 any-net minutes, 100 on-net minutes, 25 SMS to any network.

Life 300 at a monthly cost of only 300 shillings will also provide monthly insurance personal accident cover for up to 20,000 shillings and a monthly last-expense of 20,000 shillings as well as 1GB mobile data, 50 any-net minutes, 100 on-net minutes, 50 SMS to any network.

The Life bila noma bundle can be purchased via USSD *444#, using a Telkom mobile line.

According to official records, 439 passengers died in motorcycle-related incidents last year, more than double the 217 fatalities in 2016. Annual registrations for new motorcycles have also more than doubled in the last five years, with 252,601 new listings compared to 123, 539 in 2016.

Eric ACHOLA, Director of Marketing at Telkom says: “At Telkom, we believe that access to mobile data is a fundamental human right and we remain dedicated to providing Kenyans with the much-needed innovative solutions to access this resource.”

“At Britam we recognized that Micro Small and Medium Enterprises (MSMEs) such as boda boda and small-scale traders have traditionally had a challenge when it comes to accessing insurance products,” says Britam’s Partnerships and Digital Director, Evah KIMANI.

According to the Association of Kenya Insurers (AKI) Industry Survey 2019, Kenya’s insurance penetration fell to 2.43 percent, the lowest in 15 years and the lowest quartile in the world. Part of the remedies to increasing the insurance penetration levels have been linked to a combination of technological adoption and mobile phone access through micro-insurance using small-scale, low-cost, and low-risk products.