Old Mutual unveils boda boda riders super cover with partners
NAIROBI, Kenya, Aug 19 – Old Mutual has partnered with the Kenya Boda Boda Association (KBA), Rescue.Co, Incourage Insurance, and Rafiki Microfinance Bank Kenya breaking news | Kenya news today |..
✨ Key Highlights
Old Mutual has launched the Boda Riders Super Cover, a new insurance solution in partnership with the Kenya Boda Boda Association (KBA), Rescue.Co, Incourage Insurance, and Rafiki Microfinance Bank. This initiative aims to provide financial support to boda boda operators for hospitalization costs and last expense benefits, addressing the sector's significant risks.
- Insured riders will receive KES 1,000 per night for hospital stays, up to 50 nights annually, starting from the third night.
- The next of kin will receive a KES 100,000 last expense benefit in case of death.
- The boda boda sector comprises over 1.6 million active riders in Kenya and accounted for 35 percent of all road deaths in 2023.
Continue Reading
Read the complete article from Capital Business
Part of the Day's Coverage
Absa Bank, Old Mutual, and Lauritz Knudsen Launch New Initiatives in Kenya - August 2025
Several companies have recently launched new operations and products in Kenya. Lauritz Knudsen Electrical & Automation, a global leader from India, launched its first African operations, selecting Kenya as a strategic gateway to the continent to meet demand for smart electrical infrastructure. In the financial sector, Absa Bank Kenya introduced La Riba Sultanah, the nation's inaugural Shariah-compliant bank account exclusively for women entrepreneurs. This initiative aims to foster financial inclusion by offering tools for savings, investment, and business growth. Additionally, Old Mutual, in partnership with the Kenya Boda Boda Association and others, has launched the Boda Riders Super Cover, a new insurance solution providing financial support for hospitalization and last expense benefits.
