Market leader in technology-driven financial inclusion, 4G Capital Group Limited, has partnered with the insurtech innovator Turaco to bring affordable micro health insurance solutions to clients across Kenya.
Turaco, is offering 4G Capital’s clients an insurance package designed to ease the financial burdens associated with hospital admissions and death. The insurance is a safety net for people who are hospitalised for three consecutive nights or more, or in the unfortunate event that they pass away. The cost of a 12-month policy starts at Ksh. 1,000/year. 4G Capital’s clients will be able to claim via WhatsApp or telephone and receive cash sent to their mobile money wallets in just 72 hours. The product is underwritten by Prudential Life Assurance Kenya Ltd., and distributed by Ellard Insurance Agency Ltd. DBA Turaco.
4G Capital now has over 90 local branches across Kenya and Uganda, and all remain open and supportive of the Government pandemic management policies. Existing clients can access 4G Capital’s services seamlessly over its mobile technology platform,
Wayne Hennessy-Barrett, CEO and Founder of 4G Capital, said: “We are delighted to partner with Turaco to bring this most urgent health insurance to our clients in their hour of greatest need. Informal market traders are the spark needed for national economic recovery. 4G Capital provides the fuel, and now with Turaco we can support the health and wellbeing of our incredible and inspiring clients.”
Since 2013, 4G Capital’s primary focus has been to unlock the potential of East Africa’s micro and small businesses through the provision of working capital credit combined with financial literacy and business enterprise training.
