HFC partners with Britam to launch education insurance plan - Capital Business
Connect with us

Hi, what are you looking for?

HF Group CEO Robert Kibaara and Britam Principal Officer Life Assurance Ambrose Dabani launch Elimu Education Insurance Plan.

Banks

HFC partners with Britam to launch education insurance plan

NAIROBI, Kenya, June 29 – HFC through its bancassurance intermediary has partnered with Britam Holdings Plc to launch a convenient and flexible education policy dubbed Elimu.

The product is set to enable parents to provide an uninterrupted quality education for their children with high returns, flexible terms, and guaranteed payouts.

The education plan will be exclusively available from HFC and underwritten by Britam Holdings Plc as part of the HFC’s diversification strategy that has seen it provide customers with full-service banking services.

Robert Kibaara, the HF Group CEO said, “We are deepening our full-service bank offering including bancassurance solutions and this product will provide an avenue for our customers to plan and save towards quality education for their children whilst increasing insurance penetration in the country, which currently sits at only 3 percent.”

“The collaboration between HFC and Britam will deliver a solution that is beneficial to the customer in a sector that remains critical for every economy and the education sector” he added.

The Group CEO said the solution has also been tailor-made to accommodate diverse customer needs and allows for high age limit entry of up to 60 years and tenure limits as low as 6 years.

“This partnership is well aligned with Britam’s strategy to be a customer-centric organization by ensuring that we continually identify partners to work with in customizing solutions aligned to what consumers need. As the number one Life Insurer in East Africa for a considerable number of years, education planning is something we pride ourselves as your ideal partner of choice. Elimu is a brainchild of two brands that aim to offer more value to HFC customers by leveraging on our heritage and track record of ensuring parents are able to give their children quality education” Ambrose Dabani, Britam Life Insurance Principal Officer,

Kibaara added that “Adaptiveness to customer needs and excellence in service delivery are some of our key pillars and we will continue to partner with like-minded institutions to innovate products and services that not only promote financial inclusion but also align to emergent customer needs.

Advertisement

More on Capital Business

Top Story

NAIROBI, Kenya, June 12 – HF Group’s banking subsidiary, HFC, has partnered with Kigutha Farmers Limited to build a Sh1.4 billion residential project in...

Kenya

NAIROBI, Kenya, May 30 – HFC has announced a partnership with Athletics Kenya (AK) to enable thousands of Kenyan athletes to afford homes. In the...

Banks

NAIROBI, Kenya, April 26 – HF Group, through its banking subsidiary HFC has entered into a partnership with the Jua Kali Contractors Federation of...

Kenya

NAIROBI, Kenya, Mar 24 – Britam Holdings has been named one of the top 50 best-performing brands in East Africa by Superbrands East Africa....

Companies

NAIROBI, Kenya, Oct 18 – Jubilee Holdings is the most attractive insurance company, according to the latest Cytonn Investments report. Cytonn, in its half...

Kenya

NAIROBI, Kenya Aug 31 — Britam Holdings has posted a net profit of Sh667.5million for the half-year period ending June 30, a 77 per...

Companies

NAIROBI, Kenya, Aug 1 — Britam Holdings PLC has appointed Tom Gitogo as the new Managing Director and Chief Executive Officer effective 1 September...

Banks

The new service will see customers enjoy access to exclusive Ultimate Banking lounges in select branches as well as a broader and diverse range...