Jubilee dispels fears over Sh900 million cover

Jubilee Insurance has dispelled fears that a Sh900 million insurance cover for civil servants has been stopped over an ongoing police investigation.

Jubilee has clarified that there is a running contract with the National Hospital Insurance Fund (NHIF) that commenced on April 1 and delay of payments of premiums won’t hamper it.

Yesterday, The Standard reported that the cover had been derailed after NHIF delayed to pay premiums following the investigation.

The police investigation targets NHIF.

SEE ALSO :Jubilee splits into three, fires 52 in changes

Officers from the Directorate of Criminal Investigations (DCI) reportedly have carted away documents that include the signed contract, invoices and vouchers.

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However, Jubilee yesterday explained in a statement: “Even if NHIF is still processing the premiums, life cover is still on. The DCI raids at NHIF does not affect our relations with client."

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NHIF board chair Hannah Muriithi had confirmed that detectives had taken documents but also allayed fears that the contract had been stopped to pave way for investigations.

The consortium of Jubilee, Madison and Gemenia insurances got the award at Sh890,455,966 on February 12 after it emerged as the lowest evaluated bidder.

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But one of the losing consortia moved to the Public Procurement Administrative Review Board (PPARB) to contest the award of the lucrative contract.

However, on March 19, PPARB upheld the decision to award the deal to the consortium of insurers led by Jubilee Insurance paving way for contract signing.

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Jubilee InsuranceNHIFCivil Servants insurance