M-BIMA is Kenya insurance firm CIC’s 12 year endowment product that combines savings with a life and disability cover. Payments and claims are settled through M-PESA. Subscribers send contributions from as low as ksh.20/- per day through their mobile phones at no transaction costs.
Juhudi Kilimo, a provider of smallholder agricultural asset financing, now offers a mobile phone-enabled livestock insurance product. Through this service, borrowers can obtain dairy insurance when purchasing a cow. Borrowers pay a premium of 3.5% of the cost of the cow, and commit to following a Best Practice Care Calendar that includes vaccination, tick control, […]