PLEASE NOTE THAT
1 cheques must be made payable to the INSURANCE Co and a receipt issued for the same.
2 Cash payments should be deposited to the insurer's bank account;
3 Mpesa payments to the stipulated paybill no of the insurer.
#InsuranceAmendmentBill2018
INSURANCE (AMENDMENT) BILL 2018
"...10. . 156. (1) No insurer shall assume a risk in Kenya in respect of insurance business unless and until the premium payable thereon is received by insurer.
(2) An intermediary shall not receive any premiums on behalf of an insurer."
The big winner is surprising, but not shocking. Well done @NICBank! @HFGroup on the other hand, very shocking:
Ranking Kenya’s Most Promising Bank Stocks https://t.co/3Q6TBTdC6T
Deposit surplus cash in a MONEY MARKET UNIT TRUST instead of leaving it in your own bank a/c. More secure, No initial fee, 8-10% pa compounded monthly email [email protected]
Three bank employees arrested for stealing Sh28million from customers’ account https://t.co/gFmdxBvMce
You don't have to name a PERSON as a beneficiary of your life policies. You can name an ENTITY like your family trust fund that you can set up in just a few easy steps.
Email [email protected] for more details.
INSURANCE (AMENDMENT) BILL 2018
"...10. . 156. (1) No insurer shall assume a risk in Kenya in respect of insurance business unless and until the premium payable thereon is received by insurer.
(2) An intermediary shall not receive any premiums on behalf of an insurer."
Insurance tip of the day:
MEDICAL COVERS
Always check which of your insurer's in- and out-patient panel is also NHIF accredited. Use your NHIF card to conserve your private medical cover limits.
Clients with LOW CLAIM RATIOS enjoy LOWER PREMIUMS!
Insurance tip of the day:
MEDICAL COVERS
Always check if your medical cover has a co-pay for outpatient visits. Co-pay means that you pay some of the consultation cost, typically 500/- to 1,000/-. If this isn't desirable, then ask your agent for a plan that doesn't require it.
BREAKING:
ICEA LION LIFE is recruiting agents. Tied agents of other insurance companies are encouraged to apply. Highest commissions in the industry. Please email [email protected] for more details.