Equitel has announced the release of a new telephony bundle that offers customers both talk-time and insurance cover.
For as little as Kshs. 1,249 per month, customers will now enjoy 500 minutes talk time across all networks plus a free Riziki cover of up to Kshs. 2,500 per night in case of hospitalisation, when they subscribe to the new bundle. They will also receive 1,000 minutes and a free Riziki cover together with their family once they purchase a bundle valued at Kshs. 2499. Moreover, the customers and any family member will receive up to Kshs. 2,500 per day as compensation for any lost income when hospitalised.
Riziki is a mobile-based insurance product provided through Equitel and underwritten by Britam. It was officially launched in March 2018. The product secures daily earnings through a daily compensation to the customer, in the event of admission in hospital for three days or more. It was developed through a partnership between Equitel (Finserve), Equity Insurance Agency, Britam micro insurance and Inclusivity Solutions.
So far, there are over 280,126 Equitel subscribers on Riziki Cover. Equitel intends to use this offer to increase its value offering and attract more subscribers.