Insurance Premium Financing Kenya – Nairobi, Kenya, 11. June – Kenya offered the financing of Premium insurance to enable simple payments in installments in installments. It is in partnership with Mometh credit limited.
Kenya CEO Sammy Muthui said the scheme allows individuals and institutions to pay the amount of deposits equal 20 percent of their insurance premiums for activating the cover.
Insurance Premium Financing Kenya
“In this fast-changing time, we think of our customers and challenges that face the Koronvirus disease (Kovid -19). The recent reports show that the epidemic forced several Kenya to reduce its domestic expenses, including insurance premiums. Muthui said that in This time the detection of this solution for the financial solution is currently reflecting our commitment to provide financial relief to our customers because deal with the effects of the epidemic.
Consolidated Bank Kenya
Muthui said that the Premium financing solution would mean that customers would not have to strive for their essential property or spend important money to settle premium payments, especially during this difficult time. It is obligatory to pay a premium industrial regulator, insurance regulatory body.
“Currently, cash rule at the end of money needed to pay the premium before active politics. However, they are unable to pay their premium funding to the law now will make it easier for them to fulfill this request,” Muthui said.
The insurance solution now facilitates entry into an agreement with insurance and insured, so that insurance will immediately pay up to 80 percent of the insurance premium. The product will ensure insured to take advantage of their property for other commercial important needs. Payment will expand in the agreed period between the second and 11 months and will act as a collection agent and collected. Muthui said: “This insurance solution is also available to individuals and organizations and covers the annual premium range of SH5, 000 and SH2, 000, 000.”
The Job General for Loan Momentum Muriuki said a partnership with a relationship with a vision of a momentary loan for the offer of transformative solutions. “Payment stress in the lump sum is a question of the past and can be paid in affordable installments for 11 months. It is a revolutionary product that also creates widespread insurance for all motor vehicle owners,” Murichi said.
