Azuri Technologies, pay-as-you-go solar power provider, and APA Insurance, Kenya’s insurer, have launched 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 will benefit from the certainty of income security when they are hospitalised, as well as funeral expenses.
Azuri HospiCash customers who are unable to work due to hospitalisation can claim up to US$9.7 per day. The policy also covers funeral expenses up to US$97.3.
At the official launch of the HospiCash at APA headquarters in Nairobi, 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.
Apollo Group CEO, Ashok Shah, commented, “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 is committed to providing insurance to all income groups in Kenya.”
Azuri’s HospiCash cover is being rolled out nationwide and will be available to all Azuri Quad and Azuri solar TV customers.
