We live in a very unpredictable world where in one moment things could be all fine and dandy but can change for the worse in a matter of minutes. From a health emergency to being rendered jobless, one can never be too sure of what the future holds. Which is why it is important to have NCBA insurance so as to cover some of these risks for peace of mind.
Insurance can be termed as an arrangement by which a company undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.
In a bid to ensure that the bank offers the very best in the insurance industry, NCBA recently acquired 100% shares in AIG Kenya where it had a minority stake for 18 years. AIG has a distinguished history spanning more than five decades and is renowned for its comprehensive general insurance solutions tailored to Corporates, SMEs, and individuals.
Here is what makes the NCBA insurance offering stand out from the rest.
- Convenience: One can get access to insurance products at your nearest NCBA branch or online via digital platforms.
- Tailored Packages: Products are designed to suit different lifestyles and business sizes. Whether you are a parent, or a small business owner there is a solution for you.
- Transparency: NCBA offers clear terms on their insurance offering and quick claims processing to ensure that you have peace of mind in your time of need.
The NCBA insurance solutions include.
Motor Insurance
In Kenya, it is illegal to drive a car without valid insurance. NCBA offers both Comprehensive and Third-Party Insurance options for commercial and personal vehicles.
This insurance is designed to protect you and your assets in the event of a collision, theft, or natural disaster. The offering also includes benefits such as a courtesy car, and a personal accident cover.
Medical Insurance
In Kenya, it is often said that a majority of us are one medical emergency away from poverty. The NCBA medical insurance cover ensures that you and your loved ones receive the best care without going through financial strain.
NCBA Medicare
This is a medical cover which enables a business to cater to its employees and their families’ health for as little as KES. 15,000 per year.
It is designed to be affordable and to give one peace of mind in the event of a medical emergency. Any organization with 2 or more employees is eligible for this affordable medical cover.
Go Educator
This is an education policy that can enable you to meet the education expenses of your child. It is designed to enable a parent or guardian to put aside as little as Kes 2,000.00 monthly and receive a lump sum payment at the end of the policy term.
Other than education, it can also enable you to save for an asset, venture or financial goal. One benefit of this product is that it gives you a 15% tax relief on the monthly premium up to a maximum of Kes 5,000.00.
Travel Insurance
Travelling outside the country can be a risky affair as you have no one to turn in the event of an emergency. However, having travel insurance can give you peace of mind that you at least have backup in the event that things go south.
The NCBA travel insurance offers a comprehensive, worldwide cover that insures you against risks related to travel for you and your entourage.
Income Protector
As a small business owner, most often than not one finds that things simply can’t run without your presence. This is why an accident or illness that ensures that you are not working can be detrimental as this means a loss of income.
Which is why it is important to have the income protection insurance which can replace the income lost through your inability to work due to injury or sickness.
Home Insurance
We work very hard to ensure that we have beautiful homes that we can retire to everyday. However, an accident or theft can destroy what we have worked so hard to build.
However, one can be able to protect themselves from this loss by this using NCBA home insurance. It is a tailor-made and affordable package that helps protects your investment, and you, in case of accidents or theft.