Our company has competent and experienced personnel providing insurance advice and ultimately the protection of the precise insurance cover to suit our clients’ needs

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Kibali Africa  Offers the following Insurance products

 Life insurance

Our Life insurance provides financial security for individuals and their families in the event of the policyholder's death. Here's a brief overview:

  • Peace of Mind: Policyholders gain peace of mind knowing their loved ones will be financially secure after their passing
  • Income Replacement: Life insurance can replace lost income, ensuring dependents can maintain their standard of living
  • Financial Protection: Life insurance ensures that loved ones receive a lump sum payment upon the policyholder's death, offering financial stability

General insurance

 Under this, we provide coverage for risks other than life. Here are the main types of general insurance:

  1. Health Insurance:
  2. Motor Insurance:
  3. Travel Insurance:
  4. Home Insurance:
  5. Commercial Insurance:
  6. Marine Insurance: 

General insurance policies help mitigate financial losses due to unforeseen events, ensuring that individuals and businesses can recover from disruptions and damages.




 

Kibali Soma

Education policies insurance, also known as education insurance plans, are specialized life insurance products designed to help parents save for their children's education expenses while providing financial protection. Here's an overview:

Purpose: Education policies serve dual purposes of savings and insurance, allowing parents to build a fund for their child's education while ensuring financial security

Savings Tool: These policies function as savings tools, where parents contribute premiums over time, accumulating funds to cover future education expenses

Insurance Component: Education policies also include an insurance component, providing a payout in case of the policyholder's death or disability, ensuring the child's education is not compromised

Cost Coverage: They cover various education costs, including tuition fees, books, uniforms, and other educational expenses, helping parents meet these financial obligations without stress

Flexible Options: flexible payment options, allowing parents to tailor the policy to their financial capabilities and education goals

Kibali Group life insurance

Under  Group life insurance we provide coverage for a group of people, typically employees of a company or members of an organization. Here's an overview:

  • Employer-Based: Often provided by employers as part of their benefits package, group life insurance may cover a multiple of an employee's salary or a flat amount
  • Affordable Premiums: Group policies generally have lower premiums compared to individual life insurance policies, as the risk is spread across the group
  • Portability: Some group life insurance policies allow employees to convert their coverage to individual policies if they leave the company, providing continued coverage

Pension/Retirement Plans

Pension or retirement plans are financial arrangements designed to provide income and financial security for individuals during their retirement years. Here's a summary of key points:

  • Individual Pension Plans: These plans are tailored for individuals to save for retirement independently. They offer various investment options and may provide a lump sum or periodic payments upon retirement
  • Personal Pension Plans: Similar to individual pension plans, personal pension plans help individuals build retirement savings. They offer flexibility and typically involve contributions made by the individual
  • Defined Benefit Schemes: These schemes promise specific benefits to retirees, usually based on factors like salary history and years of service. The benefits are predetermined and typically paid out as regular income for life
  • Guaranteed Personal Pension Plans: These plans offer guaranteed returns on contributions made towards retirement savings. They provide a secure way to save for retirement while earning interest on deposits
  • Employer Pension Plans: Many employers offer pension plans as part of their employee benefits package. These plans can be defined contribution or defined benefit plans, providing retirement income based on the employee's contributions and/or years of service

Property insurance

Coverage: Property insurance typically covers structures (such as homes or buildings) and contents (personal belongings or business inventory) against specified perils

Perils Covered: Policies may vary, but common perils include fire, theft, vandalism, and some weather-related damage like windstorms and hail

Comprehensive Packages: Insurers offer comprehensive packages tailored to homeowners, renters, and businesses, providing coverage for various scenarios

Tailored Solutions: Property insurance can be customized to meet specific needs, such as covering diaspora properties or offering additional protection against accidental damage

Financial Reimbursement: In the event of a covered loss, property insurance provides financial reimbursement for repair or replacement costs, ensuring policyholders can recover from unforeseen events

 

Kibali Nyumba & Mali 

  • Coverage: Home insurance protects your property from perils such as theft, damage by extreme weather conditions, fire, and other losses

  • Comprehensive Protection: It safeguards your home and belongings, offering financial reimbursement for repair or replacement costs in case of covered incidents

  • Policy Options: Insurance providers offer various policy options tailored to meet different needs, including coverage for the structure of the house, personal belongings, liability protection, and additional living expenses

  • Peace of Mind: Home insurance provides peace of mind, knowing that your home and possessions are protected against unforeseen circumstances that could otherwise result in significant financial loss

Kibali Afya Jema

  • Comprehensive Coverage: Medical insurance plans offer comprehensive coverage, including hospitalization, doctor consultations, surgeries, medications, and other medical services.
  • Family Protection: covers individuals and their families, ensuring everyone receives necessary medical care without financial strain.
  • Affordability: Various options are available, we have designed to provide quality medical coverage at accessible rates.
  • Hospital Benefits: Health insurance often includes benefits such as hospital stays, consultations, specialist fees, and diagnostic tests, ensuring comprehensive medical care.
  • Customization: flexibility in choosing plans tailored to individual or family needs, with options for additional coverage like dental, optical, or maternity care.

Professional insurance

Professional indemnity insurance is a type of liability insurance designed to protect professionals from legal liabilities arising from errors, omissions, or negligence in their professional work. This insurance provides coverage against claims made by clients for losses or damages caused by the professional's actions or advice. It is essential for a range of professionals, including lawyers, architects, engineers, accountants, auditors, trustees, and medical professionals.

Key points about professional indemnity insurance:

  • Coverage Scope: It covers legal defence costs and any damages awarded to the claimant up to the policy limit
  • Protected Professions: This insurance is suitable for various professionals like engineers, estate agents, lawyers, architects, and more
  • Types of Claims: Common claims include professional errors, omissions, misrepresentation, and negligent acts
    Policy Benefits: It protects professionals from financial losses due to lawsuits, ensuring their business continuity and reputation

 

WIBA

The Work Injury Benefits Act (WIBA) insurance is designed to protect employers from legal liabilities arising from workplace injuries, diseases, or death of their employees. This insurance provides comprehensive coverage that includes medical expenses, compensation for temporary or permanent disability, and death benefits.

Key points about WIBA insurance:

  • Coverage Scope: It covers accidental death or injury occurring both during and outside the employee's normal working hours
  • Legal Liability: Provides indemnity to employers against legal liabilities under the Work Injury Benefits Act, 2007
  • Employee Benefits: Includes medical assistance, compensation for lost wages during recovery, and support for employees unable to work due to workplace incidents
  • Extended Coverage: Some policies, like WIBA Plus, also cover bodily injury or disease claims brought by employees as per the act

WIBA insurance ensures that both employers and employees are protected in the event of work-related incidents, thereby promoting workplace safety and financial security.

Motor insurance

Kibali will provide financial protection against losses or damages to vehicles. Here are the key aspects of motor insurance:

  • Comprehensive Cover: Protects against damages to your vehicle from accidents, theft, fire, and natural disasters. It also covers third-party liabilities, such as injuries or damages caused to others.
  • Third-Party Liability Cover: Mandatory by law in many countries, this covers liabilities arising from damage or injury to third parties due to an accident involving the insured vehicle.
  • Specific Vehicle Coverage: Includes Public Service Vehicles (PSV), commercial vehicles, private vehicles, and taxis

 

Travel Insurance

provides coverage for various risks you might encounter while travelling, including:

  • Medical Emergencies: Coverage for medical expenses due to illness or injury while travelling.
  • Trip Cancellation/Interruption: Reimbursement for prepaid, non-refundable travel costs if your trip is cancelled or interrupted for a covered reason.
  • Travel Delays: Compensation for additional expenses incurred due to delays.
  • Lost or Delayed Baggage: Reimbursement for personal belongings if your luggage is lost, stolen, or delayed.
  • Personal Liability: Coverage in case you are held liable for bodily injury or property damage to others

 

Marine insurance

Is essential for mitigating financial risks associated with marine transportation, ensuring businesses can recover from losses due to accidents, natural disasters, or other perils of the

  • Hull Insurance: Covers physical damage to the ship or vessel itself.
  • Cargo Insurance: Provides coverage for goods and merchandise transported by sea.
  • Freight Insurance: Protects the freight revenue that the shipowner earns by transporting cargo.
  • Liability Insurance: Covers the shipowner's legal liabilities to third parties, such as damage caused by the ship to other vessels or property.

Fire insurance

Fire insurance is a type of property insurance that provides coverage against damages and losses caused by fire and related perils. This insurance is essential for both businesses and homeowners to protect their assets and ensure financial stability in case of fire-related incidents.

Key points about fire insurance:

  • Coverage Scope: Fire insurance typically covers damage or loss caused by fire, lightning, and explosion. Some policies extend to cover additional perils such as earthquakes, storms, and malicious damage
  • Business Protection: For businesses, fire insurance is crucial to protect physical assets like buildings, machinery, and stock. It ensures business continuity by covering repair or replacement costs
  • Homeowners: Homeowners often purchase fire insurance as an addition to their standard homeowners insurance to provide comprehensive protection for their property and personal belongings
  • Policy Benefits: Policies usually include indemnity against the loss or damage of the insured property and can be tailored to cover specific risks relevant to the insured's needs
    Fire insurance ensures that both businesses and individuals can recover from the financial impact of fire-related incidents, safeguarding their investments and livelihoods.

Last expense insurance

Also known as funeral or burial insurance, it is designed to cover the costs associated with a funeral and related expenses. Key aspects include:

  • Prompt Payout: Most policies pay out within 48 hours upon notification of death, helping families manage immediate expenses  
  • Comprehensive Coverage: These policies typically cover a variety of costs, such as mortuary fees, casket, hearse, flowers, funeral programs, and refreshments
  • Peace of Mind: The insurance provides financial relief to families during a challenging time, ensuring that funeral expenses do not become an additional burden