Airtel introduces ‘free’ insurance cover
Airtel Kenya has signed a partnership deal with Pan Africa Life Insurance to offer Airtel subscribers with medical insurance cover.
The partnership, dubbed ‘Airtel Insurance’, provides a three in one insurance policy that covers life, accidental permanent disability and hospitalization.
Airtel customers will, however, have to spend at least 250 shillings on airtime to qualify for the cover and with increased monthly airtime usage, customers will also have a variety of packages.
The insurance policy will also provide in-patient cover in all hospitals countrywide for those who will be hospitalized for at least three days.
“This is a mass product for the wananchi here in Kenya. It is simple to access and provides cover that you otherwise could not get very easily,” said Airtel CEO Adil el Youssefi.
The partnership is seen as a move to deepen the uptake of insurance in Kenya which is currently stands at 3.5 percent of Kenya’s GDP.
Airtel mobile also hopes to widen its subscriber base from its current base of five million.
The cover, which targets Airtel subscribers between ages 18 and 65, will be available by dialing *336#.
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