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YuMobile goes into micro insurance

Updated Thursday, September 13th 2012 at 00:00 GMT +3

By STANDARD REPORTER

yuMobile has created a unique insurance scheme that gives a life and disability insurance cover to its pre-paid subscribers.

Dubbed ‘yuCover’, the product offering is underwritten by Jubilee Insurance and powered by MicroEnsure.

It rewards yuMobile subscribers with a renewable monthly life and disability cover based on the amount of airtime re-charged each month.  As an introductory offer, yuMobile is extending this Insurance for free up to October 31, after which a nominal fee is applicable.

Subscribers can qualify for the insurance by topping up as little as Sh100 of airtime each month and as they increase their monthly top-up, they earn more insurance cover – with, up to a maximum of Sh60, 000 of insurance cover, per month.

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