Nairobi News

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ABC, Prudential in partnership to offer life cover


ABC Insurance Brokers has partnered with Prudential Insurance to offer a life insurance cover that will also cater for burial expenses for their clients.

The partnership dubbed the ‘ABC Kwaheri Plan’ allows policyholders to cover up to 10 family members including spouses, children, siblings as well as two parents and in-laws.

In the deal, a policy holder will be expected to pay a minimum premium of Sh2,500 per year.

The new product is part of the Group’s focus on delivering a variety of services to customers to meet all their financial needs ranging from savings, investments, insurance, among others.

“ABC Bank & Group aspires to be a one-stop-shop for all our customers’ financial needs to give a holistic customer experience banking with us. 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 Shamaz Savani ABC Bank Group Managing Director.

“The ABC Kwaheri Plan is a unique solution offering an affordable insurance cover and access to professional insurance advisory,” Mr Savani added.

Prudential Insurance, on its part, said the partnership will allow it to increase the uptake of insurance products which are proving crucial especially in these uncertain pandemic times.

“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 Prudential Insurance Kenya CEO, Raxit Soni.