NCBA Insurance: Supporting financial inclusion and community in Kenya
NCBA Insurance, an offshoot of NCBA Group PLC, has been recognised not only as the driving force of financial inclusion in Kenya but also as a source of community empowerment through the provision of its robust insurance products and notable community interventions, which have at least ensured economic resilience.
Ever since its establishment in 1972 as AIG Kenya and after it became part of the NCBA Group in July 2024, it has been on the frontline in the insurance field catering to a very diverse group of customers that includes multinational corporations, small and medium enterprises (SMEs), and individual customers, among others.
NCBA Insurance continues to deliver on its promise of people-friendly and accessible financial products, which are the ultimate drivers of safety and growth for the people.
Access to Financial Services has been identified as one of the major issues by NCBA Insurance, which can be resolved by releasing various insurance schemes for the less privileged segments of society, most especially the rural population.
The firm has a wide array of social benefits and expense covers such as the NCBA Last Expense cover which aims at taking care of the burial of a deceased person and the Go Educator policy which is a savings policy that enables parents to save as little as KES 2,000 monthly for their children’s education or for any other financial goal.
These are the products that are affordable and flexible in nature that not only encourage people to go out but also enable them to plan for a prosperous future.
On top of that, NCBA Thrive, a comprehensive medical cover designed in conjunction with Old Mutual, is suitable for both local and diaspora clients and provides inpatient and outpatient facilities with a superb waiting period of six months for chronic conditions.
The creation of such accessibility assures that even low-income households can get the indispensable coverage they need.
NCBA Insurance also focuses on community support just like in their corporate social responsibility works. “Change The Story” is among the social initiatives which NCBA has been a part of and through it, they have engaged various partners to plant 7 million trees across Kenya with the goal of not only carbon sequestration but also reducing climate change effects.
Additionally, NCBA supports Junior Achievement Kenya through the “Innovation Challenge” program, which is a financial literacy initiative for high school and university students designed to train the future generation for the challenges of the economy.
The link between such projects and NCBA’s bigger aim of combining business success with the public good so that society benefits from the company’s success is the central point of the issue.
So, NCBA Insurance keeps on promoting financial inclusion and sustainable development all over Kenya by effectively marrying the offering of innovative insurance solutions with the execution of impactful community programs.