Wednesday, 12 September 2012

Jubilee Insurance, Yu Mobile launch free Insurance


By Eric Akasa

To further demonstrate its commitment to Kenyan consumers, yuMobile has created a unique Insurance scheme that gives a life and disability insurance cover for yuMobile pre-pay subscribers.
Dubbed “yuCover”, this product offering is underwritten by Jubilee Insurance and powered by Micro Ensure.  This product rewards yuMobile subscribers with a renewable monthly life and disability cover based on the amount of airtime re-charged each month. As an introductory offer, yuMobile is extending this Insurance for free up to 31st October 2012(after which a nominal fee is applicable).
Subscribers can qualify for this  insurance by topping up as little as Kes.100 of airtime each month and as they increase their monthly top-up, they earn more insurance cover – with, up to a maximum of Kes.60,000 of insurance cover, per month. YuCover becomes active on the first day of month following registration and basis of cumulative Recharge done by the subscriber in the previous month.
According to Mr Patrick Tumbo CEO Jubilee Insurance Kenya, the product is in line with Jubilee’s campaign to grow micro insurance. “This partnership plays a big role in delivering insurance to millions of Kenyans who use the mobile phone, and compliments Jubilee’s plans to make use of technology to reach the uninsured. YuCover ushers in a new era of insurance in Kenya, and as the leading insurance company in Kenya, Uganda and Tanzania, and in East Africa, Jubilee is committed to providing insurance protection to every Kenyan”.
 “Just as we have made mobile calling accessible to many with our free calls all day and night, we are taking insurance to those who have never been able to afford insurance. By offering insurance, we are offering a superior telecom experience to the yuMobile community with real value and peace of mind to our customers.” says Madhur Taneja yuMobile Country Manager.


“A first in Kenya, yuCover promises to change the face of insurance in the country,” comments Kate Waiganjo, Country Manager of Micro Ensure Kenya. “Insurance has traditionally been exclusively for the elite – but now with yuCover, all Kenyans can, for the first time, benefit from the protection of insurance and from the comfort of their phones.  Micro Ensure is committed to providing affordable and convenient insurance options for Kenyans with a target of serving at least 1 million lives by 2015.”She adds.

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