Forget Britam, Jubilee Insurance company and the likes. Think of a middle-class Kenyan with his assets, be it a car, a business, or an organization looking for an insurance company that can accept premiums worth his pocket can hold. He won’t have to go begging from door to door for his neighbors to help him raise funds for a business that has been reduced to ash by fire. Rather he will enjoy the benefits of being insured.
Here is a list of Cheapest Insurance Companies in Kenya.
1. Madison insurance company limited.
It offers general and life insurance products, with over twenty-three branches all over the country. Madison’s objective is to offer the best insurance products at the most reasonable prices and unparalleled customer services to its members. In line with the products offered are, domestic package, motor insurance, comprehensive, third party and theft.
2. Invesco assurance company limited.
You have a matatu that you are dying to insure at affordable rates? Invesco is the way to go. It has products that meet the needs of all public service vehicle. Tell you what most insurance companies fear the matatu sector cause its risks are a bit upscale, but Invesco gives investors satisfying products and services giving them peace of mind.
Africa merchant assurance company has the widest product portfolio making it one of the most innovative insurance companies in Kenya. As for business people both small scale and large scale, getting insured by AMACO is the way to go cause of its long history of specialty in business products and general insurance.
4. The Monarch insurance company limited.
This company has a wide variety general and life insurance product to cater for the various insurance needs in the market sector. It takes pride in its unique and customer centered products that are affordable, making it one of the composite insurer in underwriting with general and life assurance policies.
5. Tausi assurance company limited.
Its products are tailor made to fit the customers desires, with a wide range of both personal and business products. Among its products are travel insurance, employer liability, contractors all risks among others. With its customers in mind, Tausi Insurance company aims at coming up with innovative products for its ever-growing clientele in need.
6. Sanlam Life Insurance.
Over 16% market share of the life insurance business is grabbed by Sanlam. It has a majority shareholding in pan African holding insurance limited which has helped it harness global capacity, being the second largest insurance provider in Africa.