Jubilee launches life and disability insurance for 5 USD

Jubilee Insurance has introduced its new life and disability insurance product, available from 5 USD.

Called "Tumaini is Jamii", this new insurance policy covers the insured in case of death or disability due to an accident.

Claims relating to "Tumaini is Jamii" will be treated in 2 days and set up to:

• 114 USD for a premium paid 5 USD
• 1140 USD for an annual bonus of 48 USD

Note that the premium payment will be made through M-Pesa, the phone payment service of Safaricom.