You ONLY need Kshs. 1,000/- annually to get up to Kshs. 250,000/- (including last expense) to your named beneficiary in the event of your death. #Friday#PIB#Insurance#Life regulated by @ira_kenya
. . . we are yet to get to a point of uniformity amongst the Kenyan insurance companies but a quick FYI, cheap is not always best- read between the lines- policy document lines especially.)
Have a lovely weekend! @Ma3Route @ira_kenya@KenyanInsurance#insurancebroker#insurance
Prt2.
. . . This is because while in third-party motor insurance the rate is somehow set based on the nature of use, with comprehensive motor insurance the premium (what is paid by the insured to the insurer) is based on the vehicle value.
If for instance you have a vehicle worth 1 Million then it will be at a rate allowed by your insurer plus the additional desired extensions, plus levies and stamp duty. (It is not by accident that no rate has been shared here because sadly. . .
Well, Hallelujah! that may be the joy for many in the insurance industry but it would be at an extra cost to the insured (owner facing a particular risk and seeks protection from the insurer). . To be continued next week. @KenyanInsurance@ira_kenya @Ma3Route @motoristsoffice
A polite reminder thread on what you may need to know about motor #insurance. New Simplified Version (NSV)
To start off it is important to note that under the (Motor Vehicles Third Party Risks CAP.405) any motor vehicle (car, lorry, motorcycle, tractor, bulldozer, bus etc.)
and go through the ups and down of demanding compensation hoping they will be understanding and in a position to pay (all the best on that). So then why donβt we just all take comprehensive insurance for all motor vehicles? π€·