Financial services conglomerate Old Mutual Kenya has partnered with Absa Bank Kenya to launch an insurance product for SMEs, the two companies said on Wednesday.
Among other benefits, Linda Biz will offer insurance for losses against fire, political violence, riots and strikes, floods, business interruption, burglary, loss of money and theft by servants.It also covers employees of the business against injury, disablement or death (WIBA). Linda Biz also features comprehensive medical insurance with inpatient, outpatient, dental and optical and maternity cover options with attractive benefits such as hospital cash benefits and lifetime cover.The package will also include life insurance cover that pays a lump sum to the insured following death, disability or diagnosis of a critical illness.
“SMEs form the backbone of our country’s economy and as such, need enhanced support from financial service providers to derisk their businesses,” Old Mutual Group CEO Arthur Oginga said during the launch.
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