Kenya Orient Insurance Company (KOIL) is registered under the insurance Act of Kenya and is authorized to endorse or back all classes of General Insurance Business.

The History of Kenya Orient Insurance Company

Kenya Orient Insurance Company has been in the insurance business for the last 30 years. The company has been in steady and remarkable growth and has about six branches in the country.

It has four executive directors that assist and facilitate its running together with their CEO Virginia Magondu. The mission and vision statement of the company is to provide relevant yet unique insurance products and to be the ideal insurance provider in Africa.

It has been ranked among the top 4 insurers in Kenya by the Kenya Insurance Companies Brokers.

Products and Services Offered By Kenya Orient Insurance Company

The company offers services and products that will meet your insurance needs. Orient Insurance Company is rated among the top four insures because of its services and products. Here are some of the services;

Orient Business

Orient business has three policies that cover your property, such as vehicle and home against theft, fire and accident.

Orient Burglary

This policy covers your building and its contents against theft by means of force.

Orient Fleet (Motor Commercial)

This policy covers your motor in the incident that it is involved in an accident or burnt or stolen and also the third party liabilities.

Orient Money In Transit

It provides cover for loss of money that is in direct transit.

Public Liability

This policy provides cover for all your sum of money. This is the money which the insured has paid to cover for accidental bodily injury and or damage to property of 3rd party.

Orient industrial

Orient industrial policy offers covers to company’s building and goods against theft and machinery breakdown.

Orient Contractors All Risk

This policy provides financial cover in the event that your property is stolen or damaged and also covers for renovations of buildings.

Orient Goods In Transit

The policy provides financial cover against loss or theft of your goods while in transit from one location to another.

Orient Machinery Breakdown

This policy provides cover for sudden and unpredicted mechanical and electrical breakdown.

Orient Personal

Orient personal has four policies that provide cover on your home and motor vehicle against theft, accident and fire.

Orient Safari Bima

This is another policy of its kind first from Kenya Orient; Orient Safari Bima is personal accident benefit cover that is purchased using scratch cards.

Orient Golfers

This policy provides cover against the loss of or damage to golfing equipment and personal effects. The cover is provided country wide and excess free.

Orient Ultimate Motor Pack

This policy is an excess free package that combines motor insurance with personal accident that includes 24 hour rescue and emergency services.

Orient Home Insurance

This policy provides a cover on your residential property and assets, such as buildings, furniture and fixtures and all household equipment and personal items in the event of fire or theft.

Orient Bila Shaka

This is a personal accident benefit plan.

Why Insure With Kenya Orient Insurance Company

Accidents are happening everyday in life; it is worth to get an insurance cover with Kenya Orient Insurance Company. Kenya Orient is known for it fast costumer service, when it comes to payment of claims. The process is fast and accurate.

Kenya Orient Insurance Company respects and values it clients and ensures that their needs are well catered for.

Madison is willing and ready to partner with you and help you go through the process of planning for the activities and strains of your life without any fear.

If there is any area that has undergone a drastic change in people’s lives is their health and well being. Majority of them might be finding it hard to live a fearless life due to unwanted and mysterious accidents that may occur anytime. In most cases these accidents come with a lot of expenses that leave victims so desperate. Madison has come to rescue you from these disastrous situations.

Products for Madison Insurance Company of Kenya

Madison insurance offers various products that are suitable for any kind of claim or risk. Some of these products include:

Smart Investor Financial

This product is venture based and tailored to produce great proceeds to policy holders through careful investment of finances by finance managers. This product is unit linked whereby donations are used to buy units in an investment program which is expected to produce high proceeds.

Some of its benefits are: There is no age limit; the depositor can increase the donations at any time within the policy period, the more you contribute the higher returns you get. Finance value is determined per month and statement send annually on the policy anniversary. Medical verifications are not needed for this cover and the plan permits partial withdrawal of money value after three years.

Modified whole life policy

You and your family can be freed from financial constraints after retirement or when you are not in a position to provide for them. It combines investment with life cover. You are the one who decides on what amount and how you would like to pay for the premiums for a given time for your entire life.

It has some benefits which are: in case of death of the life assured before attaining 70 years, the whole insured sum is paid plus bonuses, the policy can be used as security for a loan and the policy has got high cash value.

Bima Chali

This product has a great opportunity to save money. It is a guaranteed and safe investment which offers everyone life assurance. With a minimum monthly payment of Ksh 1500 you can happily enjoy the journey of life. It is a suitable policy for many that give investment benefits made to produce high returns to the shareholder and 24 hour life in addition and disability cover.

The policy holder is able to get high returns from the investment units, a payment equivalent to 25% of the total amount assured against diagnosis of prostate cancer and a life donation of up to ksh.500, 000 maximum.

Lala Salama

Mortality strokes each and every corner of our community. It is indeed for this reason that Madison insurance company decided to offer lala salama as a product to provide insurance services that will facilitate the easy state of the bereaved family.

Madison insurance company of Kenya works with other professional bodies

Madison insurance company of Kenya has been working with architects, doctors, surveyors and accountants in order to make you stay more comfy. These are professionals who improve people’s lifestyles by using their professional skills. Take an initiative and get insured because this is the best way to eradicate worries. Madison of Kenya will help you recover your properties, health, and repay bank loans in case of any uncertainty.

In all, it’s a great insurance company in Kenya.

CIC is made in a manner that it is able to deliver insurance services to low income earners. This is as a result of the structure of the co-operative company and the philosophy which is a very efficient and flexible form of technicality for channeling the co-operative insurance products to the less fortunate.

What are the strong points of Co-operative Insurance Kenya?

Identifying the needs of the less fortunate in a manner that they are in a position to point out what is the basis of poverty on the area in question. They try to find out what is it that the poor people are doing or not doing to eradicate their poor status. They come up with ways and offer products that will ease the process of poverty eradication.

CIC fights to win the trust of its consumers. It is able to achieve this by providing the quality insurance services that no one has ever had in the near past. It is also able to reduce the moral hazard in the communities, deal with the adverse selection and fraud, and provide its customers with suitable and reliable education by empowering its consumers and employees.

They have a special concern for the common Kenyan such as workers, farmers and those people in the Juakali (informal) sector. This factor has given co-operative insurance a unique appeal to a lot of people and institutions and attracted incredible goodwill both in and outside Kenya.

The Historical view of Co-operative insurance Kenya

CIC has surely come a long way in the insurance industry in Kenya. Actually the today’s CIC is a full contrast of the tiny and confined company which had a humble growth in its first 2 decades of operation.

From 1989 to 1998 the company was experiencing some dramas. The situation got so bad that in 1995, it was on the edge of collapsing on explanation of bankruptcy and not being able to meet the required minimum share capital by the insurance regulator. It was heading to a point of being de-registered by the insurance commissioner.

The rescue of Co-operative Insurance Kenya

In December 1995, their friends; the international co-operative movement came to their rescue. They put in $ 1.1 million and ICMIF provided 2 consultants to help in bringing the company back to life. Despite the efforts the company did not pick and the consultants suggested that it be bought by a private company for ICMIF members to recover their money.

Transformation of co-operative insurance Kenya

CIC has currently transformed and is a shinning and good example of ICMIF’s help, and application of the principle of co-operation and value of togetherness which are the principles of co-op movement. Even though it first operated without a strategy, the transformation was in the first and second strategic plans.

Ownership of Co-operative insurance in Kenya

Currently, CIC insurance is being fully owned by Kenyan co-operative movement. It is the leading insurer in Africa with shares of USD 14.5 million being top most capitalized insurance company in Kenya. It is in partnership with co-operative bank, who are the biggest shareholder.

To outsource the big numbers of poor population with financial help, it calls for strong financial section which has a broad range of providers giving services able to meet wide range of needs of the population.

The structure and philosophy of co-operative are very efficient in satisfying the needs of the poor. It is for this reason that the model of co-operative insurance Kenya is deemed as perfect for controlling insurance products all over Kenya.

That’s probably the reason I started this blog. After looking for good life insurance in Kenya, I was left with no choice but to seek the information myself and put it on this blog.

Mind you, I don’t know much about blogging nor I’m I an expert in insurance matters. But I do believe that as a consumer, I may know what I need from an insurance company in Kenya.

So, instead of the insurance companies telling us what they want, why not us telling them what we need.

Life Insurance Companies in Kenya

Can someone please tell the insurance agent in Nairobi that I don’t want to be told that I am going to die to get some money. Maybe it works in the US but surely, there must be something unAfrican about telling someone they are going to die.

“Buy my policy, then you can die!” That is not marketing, that is scaring the hell out of me.

I know very few life insurance companies in Kenya that seem like they care about the common Kenyan consumer. All they do is advertise their life policies but you never get to know what they are all about.

There is this insurance agent who only seemed concerned with me signing his contract. The problem is that I could not understand the contract or the product. I had no choice but keep on postponing his appointments. After all, how can I confess to someone I never got to know much about life insurance companies in Kenya?