List of Saham Assurance Products and Branches in Kenya

This is a list of products offered by Saham Assurance and its branches in Kenya. It is one of the 56 licensed insurance companies in Kenya by the Insurance Regulatory Authority. The company has been operating in Kenya since 1993. It was formerly known as Mercantile Insurance.

Saham Assurance Products

a) Personal Products

1. Motor Insurance 

Comprehensive Cover 

This is the widest cover that you get and includes:

  • Accidental damage to the vehicle, including fire damage

  • Theft of vehicle

  • Damage to other vehicles or property. (TPPD)

  • Injury to or death of a passenger in your vehicle (applicable to private cars)

  • Injury to or death of Third Party person(s) outside your vehicle, caused by your vehicle. (TPPI)

Third-Party Fire and Theft cover

This cover has features of Comprehensive cover but excludes damage arising from an accident.

Third-Party Only cover

This covers unlimited liability for Third-party personal injuries or death. This is the minimum cover required by the Motor Insurance Act.

2. Residence Insurance 

Domestic Package

This is an attractive all-in-one package for Homeowners and Householders. It is a comprehensive policy which gives the policyholder the benefit of six sections in a single package as follows:

  • Buildings – Fire and allied perils
  • Contents – Fire and burglary
  • All Risks – All risks cover for valuables, Jewellery
  • Workmen Compensation
  • Owner’s Liability
  • Occupier’s Liability

This policy can be tailored to the needs of an individual or household to cover their precious investments

It provides cover for your investment against all risks, our mission is to assist you in ensuring maximum protection.

1. Fire 

It provides cover against destruction or damage to buildings and contents by Fire & Lightning. The policy can be extended to include damage resulting from other Perils such as malicious damage, explosion, bush fire, earthquake, riot, strikes and civil commotion, damage from hurricanes, snow, tornadoes, windstorms, hailstorms, cyclones, floods burst pipes/tanks including impact damage from over flying airplanes, vehicles & animals.

2. Fire Consequential Loss

The policy covers loss due to business interruption following damage by fire and Allied Perils.


This policy covers loss arising from forcible entry into and/or exit from the insured’s premises.

4.Money Insurance

This policy covers the insured for loss of money (as specified in the policy), while on transit to the bank or in the insured’s premises through theft or hold up. It also covers damage to safes/or strong rooms, including cash in the hands of authorized personnel.

5. Goods In Transit

The policy covers loss, damage or destruction of goods and/or Merchandise due to accident, fire or theft whilst being loaded/unloaded and in the ordinary course of transit by road, rail or by post for registered packages.

6. Marine Insurance

This policy covers loss or damage to goods while in transit by sea, by air, or by road from anywhere in the world to Kenya and vise versa.

7. Engineering Insurance 

Contractors All Risks

This cover provides adequate protection against loss or damage in respect of contract works, Construction Plant & Equipment or Construction Machinery. The cover also includes Third Party claims in respect of property damage or bodily injury arising in connection with the execution of the project or contract as defined in the policy.

Computer & Electronic Equipment Insurance

This policy is an accident cover on an All Risks basis covering sudden and unforeseen losses which physically affect the insured item in a manner necessitating repair or replacement.

Employers Liability Insurance

This cover is for Legal Liability of the insured to his employees arising from the contract of employment and directly related to the negligence or breach of common law or statutory duty on the part of the employer.

Machinery Breakdown Insurance

This is intended to grant effective insurance coverage for plant, machinery and mechanical equipment at work, at rest or during maintenance operations.

Plate Glass

The policy provides indemnity to the Insured against loss and/or destruction/damage to glass by accident or misfortune of a fortuitous nature.

Public Liability Insurance

This policy protects the insured in respect of his/her Legal Liability to third parties for both bodily injury and property damage.


The policy covers Liability for bodily injury and/or occupational disease sustained by employees and arising out of and during the course of their employment.

Fidelity Guarantee

It indemnifies the employer against all direct pecuniary loss which the employer may sustain by any act of fraud or dishonesty committed by insured’s employees guaranteed under the policy.

Group Personal Accident

4. Saham Assurance Nakuru Branch

Location: Nakuru Office, 2nd Floor Agricultural Finance House

Contact: 051 221 55 46

Victor Matara

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