APA Insurance in association with Citadel Micro Insurance today launched the Linda Salo micro-insurance product for workers in Kenya expected to provide financial relief to employees against loss of their jobs, hospitalisation or loss of life.
Linda Salo is designed to provide a cushion and reduce economic degradation to the average worker in Kenya and their dependants following the effects of a sudden job loss for as low as Ksh 820 per year or around Ksh 70 per month, for the lowest premium cover.
In the event of job loss, the employee will enjoy compensation of up to Ksh150,000 for three months or Ksh 20,000 as income supplement in case of illness, when hospitalisation takes place while Ksh 100,000 for the funeral to the next of kin upon loss of life.
In a statement, Mr. Michael Oduor, Chief Executive Officer, APA Insurance said:“We are keen to rewrite the rules of insurance in the region. This is the reason why we are developing affordable and tailor-made products that put smiles on the faces of our clients and other stakeholders.”
Recently, APA introduced Globetrotter Travel Cover that insures travelers against loss or damage of luggage during travel, delayed departure of booked flights, hijack, loss of essential documents, medical expenses and personal accidents. APA Insurance also offers: Motor Insurance, Agricultural Insurance, Aviation Insurance, Health insurance, Personal Accident Insurance, Liability Insurance, and Marine / Transit Insurance, among others.