Nakuru Deputy Governor Erick Korir (right), Geminia Insurance Company
Ltd MD Benson Ndegwa (centre) and director Nixu Shah at Sarova
Woodlands, Nakuru on Feburary 23, 2018. PHOTO | AYUB MUIYURO | NMG
Geminia Insurance Company has launched a special cover that
caters to both motor vehicles and the life of the car owner in the event
the insured dies.
The cover, which was launched over
the weekend, will now have insurance clients only pay car premiums but
in return get life cover benefits at the value of the insured vehicle.
The
firm’s managing director, Ben Njoroge, reckons the one of a kind cover
will help improve the rate of insurance uptake in the country.
“This
is a motor policy with the extension of a life cover, meaning our
clients who take motor vehicle covers will automatically get life
covers, at the value of the insured vehicle,” Mr Ndegwa said.
The MD explained that the cover involves compensating kin of an
insured in the event he or she dies, if their vehicle was insured with
them.
The cover, according to Mr Ndegwa, will not be
limited to death related to an accident with the insured vehicle but
also other causes including illness.
“There is no other
cover like ours in the market and so this is an opportune moment for
people to grab the chance which provides a single solution to many
problems,” Mr Ndegwa added.
He says the company is considering introducing a cover for terminal illnesses in future.
He was speaking in Nakuru town as the company opened a branch there at the West Side Mall.
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