East Africa’s number one insurance company, Jubilee Insurance made a Group Personal Accident claim payout of Ksh. 341,277,840.00 to Kenya Defence Forces (KDF) to help sustain the families of affected soldiers who were serving in Somalia. The Jubilee Insurance Group Personal Accident policy, covers accidental death or disablement to the insured persons or to their legal representatives.
Speaking at the Department of Defence headquarters, Mr. Nizar Juma, Chairman of Jubilee Insurance said; “We understand the pain and confusion that comes with the sudden loss of a loved one. Insurance is an important component of everyday life; and the most important aspect of insurance is that, it provides peace of mind to the insured persons. Jubilee is happy to provide that protection to the Kenyan troops as they go out to defend us, our country and our families.”
Kenya’s Cabinet Secretary for Defence Ms. Raychelle Omamo said that, this payment was proof that insurance can help you get through difficult times without having to go into debt because of unexpected situations.
“We tried partnering with various insurance companies in the past for a number of policies, but they have failed to pay claims. Jubilee Insurance through this payment is a firm confirmation that the company truly enables people to overcome uncertainty. You have played a crucial role in the continuation and sustainability of the families of the Kenya Defence Forces. We are glad to have partnered with Jubilee Insurance,” said Ms Omamo.
About Jubilee Insurance
Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance Company based in Mombasa. Fast-forward to today, Jubilee Insurance has spread its sphere of influence throughout East Africa to become the largest Composite insurer in the region, handling both long-term and short-term insurance. Today, Jubilee is the number one insurer in East Africa with over 1,100,000 clients with a network of offices spanning Kenya, Uganda, Tanzania, Burundi and Mauritius. It is the only ISO certified insurance group listed on the three East Africa stock exchanges – The Nairobi Securities Exchange (NSE), Dar es Salaam Stock Exchange and Uganda Securities Exchange. Its regional offices are highly rated on leadership, quality and risk management and have been awarded an AA- in Kenya and Uganda, and an A+ in Tanzania by Global Credit Rating.
Jubilee Insurance is also the largest provider of medical insurance across East Africa and provides medical insurance to many of the region’s blue chip companies. Jubilee Insurance strives to offer customized products that suit the needs of its client base however diverse.
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