ABC Insurance Brokers, which is a part of ABC Bank & Group, has partnered with Prudential Insurance to offer life insurance cover payable when a client dies to cater for burial expenses.
The cover dubbed ABC Kwaheri Plan will see the insurance policyholder get a cover for up to 10 family members and includes their parents and in-laws.
The newly introduced product is part of the Group’s focus on delivering varied services that meet all their clients’ financial needs from savings, investments and insurance among others.
“We are proud to partner with Prudential Insurance to offer our customers a life cover that will ensure they have peace of mind especially during turbulent times such as we are in now, facing the Covid pandemic,” said ABC Bank Group MD Shamaz Savani.
Savani added, “The ABC Kwaheri Plan is a unique solution offering an affordable insurance cover and access to professional insurance advisory.”
On its part, Prudential Insurance said the partnership would allow the firm to raise uptake of insurance products which are essential as Kenyans grapple with the Covid-19 pandemic.
“Life insurance products such as the ABC Kwaheri Plan enable customers to have peace of mind that their loved ones are taken care of, ensuring that those left behind are not burdened by funeral expenses and other costs,” said Raxit Soni, Prudential Insurance Kenya CEO.
The policy costs from Sh2,500 per year.