This product is specially designed to provide Insurance protection to proprietors of MPESA Shops.
POLICY LIMITS
The product is packaged to provide holistic protection under one insurance policy as per the following sections:
Money Insurance
Cover for loss of money whilst in transit or in the insured’s premises through theft, robbery, threat/hold up or hijack. Money is defined to mean Kenyan Currency either in coins and / or notes form as issued by the Central Bank of Kenya.
Cover for loss of money whilst in transit or in the insured’s premises through theft, robbery, threat/hold up or hijack. Money is defined to mean Kenyan Currency either in coins and / or notes form as issued by the Central Bank of Kenya.
Claim Procedure
• Immediately report to CIC
• Immediately report loss to the police
• CIC to advise documentation required and appoint loss adjustor accordingly
• Immediately report to CIC
• Immediately report loss to the police
• CIC to advise documentation required and appoint loss adjustor accordingly
POLICY LIMITS
Work Injury Benefit Act (WIBA) Insurance
This section provides Indemnity for liability under the Work Injury Benefit Act (WIBA) 2007 in respect to bodily injury or illness / desease sustained in the course of employment.
WIBA is a compulsory cover by legistration for all employees and is an affordable option for compliance with the Law.
Indemnity Limit
The cover is packaged into three bands / options depending on the level of float held in the MPESA shop.
The premium indicated againist each caters for the three sections above.
Frequently Asked Question on CIC Mpesa Agents Insurance Package
What is Indemnity?
The insurance company indemnifies, or compensates, the insured in the case of certain losses only up to the insured’s interest.
What are the Mpesa Agents Insurance Package Cover sections ?
The product is packaged to provide holistic protection under one insurance policy as per the following sections:
- Money Insurance
- Fidelity Guarantee Insurance
- Work Injury Benefit Act (WIBA) Insurance
What is Fidelity Guarantee Insurance?
Cover for loss of money through an act of Fraud / dishonesty of employees.
