PANAPRESS
Panafrican News Agency
Azuri Technologies, APA Insurance introduce funeral cover for off-grid Kenyans
Nairobi, Kenya (PANA) - Azuri Technologies, a leading provider of pay-as-you-go solar power, in conjunction with APA Insurance, on Friday launched the HospiCash, a low-cost micro-insurance product for Azuri solar power customers across Kenya.
By adding the optional HospiCash service to their pay-as-you-go home solar solution, Azuri customers benefit from the peace of mind with income cover when hospitalised, in addition to cover for funeral expenses, the firms said.
Azuri HospiCash customers who are unable to work due to being hospitalised can claim up to US$10 per day. In addition, the policy also covers funeral expenses up to US$100 upon death of the insured paid to a named beneficiary.
Azuri CEO Simon Bransfield-Garth, said: “We are delighted to be partnering with APA to further Azuri’s vision of providing consumers across Africa with products and services that have the power to truly change and improve lives.''
“Many off-grid consumers find it difficult to access modern financial products and so combining Azuri’s reach and APA’s affordable insurance allows customers to concentrate on making a full recovery rather than worrying about the loss of income from being hospitalised,” he added at the launch in Nairobi
Apollo Group CEO, Ashok Shah, said, “Off-grid consumers have been traditionally underserved by insurance providers because of the relative difficulty of access.''
''The partnership with Azuri provides a means to open up a range of financial inclusion offerings to this important customer base. APA Insurance is committed to providing insurance to all income groups in Kenya,” he added
Azuri’s HospiCash cover is being rolled out nationwide and will be available to all Azuri Quad and Azuri solar TV customers.
The Azuri Quad solar home lighting system costs as little as $0.43 per day ($0.52 per day with APA Insurance cover) and includes a 10W solar panel, four bright LED lights, USB port and connectors for mobile phone charging, rechargeable radio and rechargeable torch.
-0- PANA DJ/VAO 9Nov2018
By adding the optional HospiCash service to their pay-as-you-go home solar solution, Azuri customers benefit from the peace of mind with income cover when hospitalised, in addition to cover for funeral expenses, the firms said.
Azuri HospiCash customers who are unable to work due to being hospitalised can claim up to US$10 per day. In addition, the policy also covers funeral expenses up to US$100 upon death of the insured paid to a named beneficiary.
Azuri CEO Simon Bransfield-Garth, said: “We are delighted to be partnering with APA to further Azuri’s vision of providing consumers across Africa with products and services that have the power to truly change and improve lives.''
“Many off-grid consumers find it difficult to access modern financial products and so combining Azuri’s reach and APA’s affordable insurance allows customers to concentrate on making a full recovery rather than worrying about the loss of income from being hospitalised,” he added at the launch in Nairobi
Apollo Group CEO, Ashok Shah, said, “Off-grid consumers have been traditionally underserved by insurance providers because of the relative difficulty of access.''
''The partnership with Azuri provides a means to open up a range of financial inclusion offerings to this important customer base. APA Insurance is committed to providing insurance to all income groups in Kenya,” he added
Azuri’s HospiCash cover is being rolled out nationwide and will be available to all Azuri Quad and Azuri solar TV customers.
The Azuri Quad solar home lighting system costs as little as $0.43 per day ($0.52 per day with APA Insurance cover) and includes a 10W solar panel, four bright LED lights, USB port and connectors for mobile phone charging, rechargeable radio and rechargeable torch.
-0- PANA DJ/VAO 9Nov2018
