Equitel launches bundle that incorporates both talk time and an insurance cover
Equitel, the mobile banking platform owned by Equity has launched a new bundle that offers its clients both talk time and insurance cover.
Equitel subscribers will for as little as Ksh 1,249 per month now enjoy 500 minutes across all networks plus a free Riziki cover of up to Ksh 2,500 per night in case one is hospitalized. For Ksh. 2,499, subscribers will be able to enjoy 1000 minutes across all networks and the customer and any family member will receive up to Ksh 2,500 for per day as compensation for any lost income when hospitalized.
Riziki is a mobile-based insurance product provided through Equitel and underwritten by Britam that was officially launched in March 2018. The insurance cover secures daily earnings through a daily compensation to the customer, in the event of admission in hospital for three days or more. The insurance product is as a result of a partnership between Equitel (Finserve), Equity Insurance Agency, Britam Microinsurance, and Inclusivity Solutions.
According to Equitel, there are over 280,126 subscribers on the Riziki Cover and they intend to use the offer to increase their value offering as well as attract more subscribers.