This archive report was first published on 26 October 2021.
Joseph Karanja Muthee's family was in for a rude awakening when his father-in-law was involved in a fatal accident along Mombasa road in 2017. The family had to bear the brunt of the expenses associated with death, which can exceed Kshs. 100,000 on average.
However, thanks to an Octagon Last Respects Easy Cover policy, which Joseph had taken out for Kshs. 2000 per annum, the family received Kshs. 50,000 in compensation. This was a significant financial relief for the family, especially during trying times.
Joseph recounts the experience, saying, 'I acquired Octagon Easy cover a last respects cover by paying an annual premium of Kshs. 2000 and I was compensated Kshs. 50,000 which was a financial relief in trying times and it helped with clearing hospital bills.'
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Octagon Africa's Last Respects Easy Cover: A Lifesaver for Families ¶
Octagon Last Respects Easy Cover is a policy designed to provide financial relief to families during difficult times. The policy offers two options, with premiums ranging from Kshs. 2000 to Kshs. 5000 per annum.
Option C, which Joseph opted for, offers a premium of Kshs. 2000 per annum and provides a compensation of Kshs. 50,000 in the event of a claim.
Joseph's experience is a testament to the importance of having an insurance policy in place. He says, 'I have ever since moved with the saying insurance is something you better have and not need than need and not have.'
