NAIROBI, Kenya, June 7 – Kenya Commercial Bank (KCB) has entered into an agreement with Britam General Insurance to distribute affordable health insurance to small and medium-sized enterprises (SMEs).
In partnership with the National Bank of Kenya (NBK), the product targets SMEs across the country with flexible health premium plan.
Under the deal, KCB and NBK Bancassurance Intermediary Limited will jointly distribute the newly launched KCB Flme Simba Health and Uzima Tele Insurance Plans.
KCB Flme Simba Health Plan targets women entrepreneurs with a comprehensive medical solutions, including the diva wellness cover, newborn baby expenses (For the first 90 days), gynecological-related treatment, and maternity cover with ante-natal care.
Similarly, KCB Uzima Tele Health Insurance Plan specializes in medical insurance solutions for organizations that seek to affordably safeguard the healthcare of their employees and dependents.
“There is a need to expand access to best-in-class insurance products and offerings, especially for niche markets like SMEs,” KCB Bancassurance Intermediary Limited Managing Director Aggrey Mulumbi said.
” Through this partnership, we commit to be a one-stop financial services hub that is keen on offering innovative insurance products and outstanding customer service to all our customers across the board,” Mulumbi added.
On his part, Britam Group Managing Director and CEO Tom Gitogo said resilience of SME businesses can only be enhanced through effective risk transfer with the help of bancassurance.
“Recognizing the challenges faced by MSMEs, our partnership with KCB and National Bank of Kenya Bancassurance Intermediary Limited, is designed to cater to the unique needs of MSMEs, including women entrepreneurs, safeguarding their owner’s healthcare, that of their employees and their dependents,” said Gitogo.
