Azuri Technologies customers will receive an income cover when hospitalized and a funeral cover in a new partnership with the solar firm and APA Insurance.
The partnership saw the two firms unveil HospiCash, a low-cost micro-insurance product for Azuri solar power customers across Kenya.
Through HospiCash, hospitalised customers can claim up to Sh1,000 per day and while the funeral cover will cater for funeral expenses of up to Sh10,000 upon death of the insured paid to a named beneficiary.
“Many off-grid consumers find it difficult to access modern financial products and so combining Azuri’s reach and APA’s affordable insurance allows customers to concentrate on making a full recovery rather than worrying about the loss of income from being hospitalised.”Azuri CEO Simon Bransfield-Garth said.
Apollo Group CEO, Mr. Ashok Shah said the partnership will open up a range of financial inclusion offerings to the targeted customer base.
Azuri’s HospiCash cover is being rolled out nationwide and will be available to all Azuri Quad and solar TV customers.
The Azuri Quad solar home lighting system costs as little as KES49 per week and includes a 10W solar panel, four bright LED lights, USB port and connectors for mobile phone charging, rechargeable radio and rechargeable torch.
AzuriTV, the first PayGo solar TV system of its kind to be launched in Africa, features a 24-inch super slim LED TV, over 100 satellite TV channels, four bright LED lights for use inside and outside the home, mobile phone charging, rechargeable radio and rechargeable torch.