Old Mutual General Insurance Kenya has introduced an innovative solution to make insurance more accessible and manageable for Kenyans facing financial pressures. The Old Mutual Monthly Premiums Plan allows individuals to spread their insurance payments throughout the year, making coverage more affordable and eliminating the strain of large upfront costs.
This new plan applies to various insurance products, including Health, Motor, Home, and Personal Accident Insurance. It aims to provide financial flexibility and ensure continuous protection for families and individuals alike.
Research conducted by Old Mutual highlights that nearly half of working Kenyans 48% report experiencing financial stress, with many earning the same or less than they did before the COVID-19 pandemic. This financial strain often makes lump-sum insurance payments burdensome, leaving families vulnerable during emergencies.
Old Mutual East Africa Group is a leading provider of comprehensive financial services, including insurance, investment, banking, and savings solutions. As part of Old Mutual Limited (OML), a premier African financial services group with a presence in 13 countries.
Japheth Ogalloh, Managing Director of Old Mutual General Insurance Kenya, while speaking during the launch highlighted that “Old Mutual’s mission is to make insurance accessible and support you in making smarter financial choices for a secure future.”
With a customer base exceeding 1.83 million across Kenya, Old Mutual is dedicated to providing solutions that empower individuals and families to thrive. From securing your financial future to safeguarding the things that matter most, the company remains committed to supporting its clients every step of the way
By spreading insurance costs over 12 months, the Monthly Premiums Plan ensures that Kenyans can budget effectively without compromising on essential coverage. This approach allows families to maintain their financial stability while securing protection against unforeseen risks.
The introduction of this flexible payment option reinforces Old Mutual’s commitment to helping Kenyans achieve financial peace of mind. The initiative aligns with the company’s broader mission to empower individuals and families to make informed financial decisions for a secure and prosperous future.
To learn more about the Old Mutual Monthly Premiums Plan, visit the company’s website or reach out to their agents for guidance. With this plan, Old Mutual aims to ease financial stress and ensure that more Kenyans can prioritize their families’ well-being and long-term security.
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