Want stress free life? Consider Insurance Covers

Not being able to tell what would possibly happen in future, starting from the next second best is among the aspects that make living on this planet worthwhile and intriguing to fathom the future events or activities whether good or bad. In as much as the famous phrase better known to most millennials as “YOLO” or You Only Live Once, there is more to life than just today and the present. In most aspects of life, our actions or activities that we undertake today have significant impact on our future.

This is the niche that Insurance Companies bank on, literally. They believe that, the extent an individual would go to protect or ensure their plans come to completion or remain undisrupted, whether educational, health, investment, just to mention a few, determines how much the individual values it. They therefore monetize this in the event of an eventuality, fatality or things turning sour to or for the individual.

Various groups of people all over the world have different beliefs and ways of dealing with unforeseen disruption of events or activities they value: hence, their varying degrees of reception to insurance. Among the huge contributors to these views is religion. Locally it is estimated by a recent survey that only about 12% of Kenyans subscribe to medical insurance plans. This is according to Daktari Africa, an online health service provider. Since medical cover is the most common type of insurance, we clearly deduce that insurance is among the least concerns of most Kenyan citizens.

Locals prefer to settle for family and community based assistance in times of tragedy and other eventualities that befall them. As insurance is also perceived to be a reserve for the wealthy, insurance companies in Kenya and the government should labor to conduct civic education to enumerate and highlight the importance of insurance to its citizens.

The lack of “trust” in insurance companies by the Kenyan public is also due to the industry having many quacks and cons marauding as legitimate companies. In many cases, individuals have been denied genuine claims even by reputable insurance companies and this kind of news spread like bush fire, heralding the negative reception of insurance companies and covers.

The government of Kenya has been on the forefront to encourage insurance subscription by the public with the much touted “Big 4 Agenda”, with the inclusion of access to universal healthcare among the agenda. The National Hospital Insurance Fund alias NHIF has been extended to accommodate all citizens at a monthly flat subscription rate and citizens are seeing the benefit of being enlisted with the cover. It is only a matter of time before Kenyans will overhaul their perception of insurance and be strong advocates of the same.

It is our take however that despite all these challenges, it is better to have a regulated “support” system rather than relying on a social or community-based one due to obvious reasons. We have all seen and heard of individuals being abandoned by families and communities when they are in thick mud and require assistance. Start by checking out the top insurance companies in Kenya on KenyaCompanies.com and begin a journey of a stress-free life.

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