Destin Africa 28 Insurance
By Mr. James Macharia
Insurance Covers are to Cushion You from the Unexpected
T
here are multiple reasons as to why the insurance penetration in the country is still below 3 percent. Lack of public awareness has been cited as the main reason as to way Kenyans have so far failed to take up insurance covers. A huge population have no vital insurance protection such as life insurance or even income protection as some still cling on cultural beliefs that uptake of such are signs of bad luck.
Some of the life insurance policies, apart from covering the lives of the insured helps the policyholders save regularly over a specific period of time enabling the insured to get a lump sum amount on the policy maturity. Such amounts can end up helping one meet various financial needs such as children’s education. Loss of jobs, illnesses or death can happen to anyone and its high time we thought of ways of ensuring more people take up insurance covers. Income protection Protecting ones income is always a key factor especially for the self-employed whose income is directly affected by the number of days/hours they spend at work. This ensures that they maintain their income when occurrences such as sicknesses arise. Kenindia Assurance, Chief Operations officer, Mr James Macharia affirms that
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Lack of public awareness has been cited as the main reason as to way Kenyans have so far failed to take up insurance covers
