ICEA LION General Insurance Unveils Kenya’s First Motor Extended Warranty

Leading general insurance solutions provider ICEA LION General has today launched Motor Extended Warranty, an innovative insurance product that is designed to provide financial security to second-hand motor vehicle owners in the event of major component failure.

As the demand for vehicles, especially used vehicles grows- which most of the time come with no manufacturer’s warranty -many car owners face the uncertainty of costly repairs in cases of mechanical or electrical breakdown. The Motor Extended Warranty product designed and developed by ICEA LION General Insurance, seeks to bridge the gap by offering comprehensive coverage customised to shield vehicle owners from unexpected expenses.

Speaking during the launch of the product, ICEA LION General Manager Peter Mukuria noted, “At ICEA LION, we are committed to offering innovative and customer-centric solutions. The Motor Extended Warranty is a game-changer that will give peace of mind to our customers by ensuring they are safeguarded from the financial strain that comes with major mechanical failures. We invite vehicle owners, car dealers, financiers, and other stakeholders in the motor industry to take advantage of this groundbreaking product and drive with confidence, knowing they are protected.”

Unlike standard motor insurance policies that primarily cover accidents, ICEA LION General Insurance Motor Extended Warranty extends protection to the critical components of a vehicle, offering much-needed reassurance to new and used car buyers and owners.

The coverage applies to a wide range of vehicles, encompassing all major manufactured brands, making it an accessible solution for a broad segment of motorists. Eligible vehicles must be up to eight years old and have a mileage not exceeding 150,000 kilometres. This ensures that a vast majority of second-hand car owners can benefit from the protection offered by the policy.

Affordability has been a key consideration in the development of this product. With reasonably priced premiums, ICEA LION General Insurance has ensured that more vehicle owners can access this essential coverage without stretching their finances. This innovative approach is set to transform the insurance landscape, making extended warranty coverage a practical option for many.

This new insurance offering reinforces ICEA LION General Insurance’s position as an industry leader dedicated to addressing the evolving needs of motorists in Kenya. With this product, the company aims to enhance confidence in new and second-hand vehicle ownership by ensuring that you drive in peace and confidence.

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