Insurance Services

Sustainable interventions that bring people out of poverty must ensure that individuals are protected against any foreseeable risks that could hinder the wealth building process or worsen the lives of family members. Risks such as illness and death can hinder income generating efforts. We offer our clients the the following insurance services;

Credit Health Life Insurance

This is available to all borrowers and is operated jointly with NICO Life Insurance Company (NICO).

Credit Health Life Insurance

With a premium of 2% of the principal loan amount, the next-of-kin receive benefits for burial expenses (a coffins, transport and food) on the death of a member of a group and a reasonable cash benefit to the member during hospitalization. The cover also pays off outstanding loan balances in the event of death of the client and loan instalments due in the event of hospitalization of the client.

Learn More

Family Funeral Benefit Insurance

The Family Funeral Benefit Insurance (FFBI) cover aims to reduce the impact of funeral expenses, especially on the vulnerable rural people.

Family Funeral Benefit Insurance

The Family Funeral Benefit Insurance (FFBI) cover aims to reduce the impact of funeral expenses, especially on the vulnerable rural people by providing cash support during time of bereavement. The insured receives benefits for burial expenses in the event of the death of the member's spouse or child up to 4 children. The cover minimized the negative impact of funerals in the family on client businesses.

Learn More

Weather Indexed Insurance

The Weather Index Insurance (WII) is designed as an insurance cover for project beneficiaries that are in disaster prone areas.

Weather Indexed Insurance

The Weather Index Insurance (WII) is designed as an insurance cover for project beneficiaries that are in disaster prone areas and would like to subscribe and insure their land, during the farming season, as a protection mechanism in the event of potential loss of harvest due to poor weather patterns and natural disasters.

Learn More

Personal Pension Savings Plan

The Pension Savings Plan will enable the clients to enjoy cash payouts in times of hardship.

Personal Pension Savings Plan

CUMO is introducing a personal micro pension savings scheme for rural people through which they will be able to subscribe to a pension they can access after a set period of time or when old. The Pension Savings Plan will enable the clients to enjoy cash payouts in times of hardship.

Learn More