Equitel to offer free insurance cover on new telephony bundleOctober 29, 2019
NAIROBI, Kenya, Oct 29 – Equitel has announced the release of a new telephony bundle that offers customers both talk-time and insurance cover.
Under the new bundle, customers will pay Sh1,249 per month to get 500 minutes across all networks plus a free Riziki cover of up to Sh2,500 per night in case of hospitalization, under the new bundle.
Customers can also receive 1,000 minutes and a free Riziki cover for the subscriber and their family once they purchase a bundle valued at Sh2499.
In addition, the customer and any family member will receive up to Sh2,500 for per day as compensation for any lost income when hospitalized.
Riziki is a mobile-based insurance product provided through Equitel and underwritten by Britam that was officially launched in March 2018.
“The insurance cover secures daily earnings through a daily compensation to the customer, in the event of admission in hospital for three days or more,” the company says in a statement.
So far, there are over 280,126 Equitel subscribers on Riziki Cover and Equitel intends to use this offer to increase its value offering and attract more subscribers.
The insurance product is as a result of a partnership between Equitel (Finserve), Equity Insurance Agency, Britam Micro-insurance and Inclusivity Solutions.