The insurance industry in Kenya is solely governed and controlled by the Insurance Regulatory Authority of Kenya. They are in charge of all matters regarding insurance of any kind - be it Travel Insurance in Kenya or any other type of insurance.
Every Insurance Company in Kenya has to comply with its rules and regulations following which they are allowed to operate in their domains. This body owes its allegiance to the Government of Kenya.
It was created to ensure that all insurance companies comply with the regulations, protects consumers from getting cheated and warrants security of the highest degree to the policyholders.
Life Insurance Policy In Kenya
Life insurance is a contract that is signed between the insurance policyholder and the insurer.
For Life Insurance in Kenya, many companies proffer their services for their citizens. But to ensure that you get your dues, it is a prerogative to visit the right person or company authorized to do it. And there are a few authorized companies who take care of it.
There are compact rules, guidelines and an upright Medical Insurance Service in Kenya to cover the health sector. The healthcare system in Kenya is gradually becoming superior.
Motor Vehicle Insurance in Kenya
While driving your vehicle, you must be assured that you are protected and covered should anything untoward happens to you. For this, there is a superb Vehicle Insurance Service in Kenya to take care of your vehicle and you.
Many companies are now authorized to give you sound and safe Motor Insurance in Kenya. They provide financial protection against physical injury for your vehicle resulting from a car crash.
Vehicle Insurance in Kenya covers both private and commercial vehicles.
Travel Insurance Services In Kenya
Kenya is a traveller’s delight. Home to the Masai Mara Reserve and Lamu Island, Masai tribe, spectacular wildlife, travelling to Kenya once in your lifetime is a must. But to travel there it would be advisable to have Travel Insurance in Kenya to help you in unknown territory. It is a must.
Education In Kenya
Education has become one sector that has been in the limelight recently in Kenya. Education Policy in Kenya is in reality an amalgamation of savings and insurance protection that helps you to prepare for the costs of education. The policies have a term range of 10-25 years at a minimum monthly of KSH 3,000. And cash bonuses are received in the last 6 consecutive years before the plan finally matures.
Business Insurance In Kenya
Like every person’s life or any entity, businesses too are prone to suffer unexpected losses or damages that could wipe them out entirely. Based on the nature of your business, you can freely select your Insurance for Business in Kenya from the many companies that are authorized to do so. It protects the business and the owner both.
Conclusion
In reality, we can now see how helpful it would be for any person to be having various insurance plans for themselves. It stands to benefit the policyholder. Before planning on anything, it would be the wisest decision to plan out your insurance accordingly.