Safaricom launches mobile micro-insurance service

Thursday, January 23, 2014

Approximately 38.8 million Kenyans – 97 per cent of the population – lack access to healthcare because they are uninsured, a problem the new service, named Linda Jamii, looks to solve by offering family premium cover for KSh12,000 (US$140) per year for a cover valued at KSh290,000 (US$3,400).

Source: Human IPO (link opens in a new window)

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financial innovation, microfinance, microinsurance, mobile finance