First Assurance Company Limited Products, Contacts and Website

First Assurance Company Limited Description

First assurance company Ltd is a composite insurer offer all classes of General, Medical and Group Life. First Assurance Kenya Limited (FAKL), also known as First Assurance Company Limited, is an insurance company in Kenya. It is a member of Barclays Africa Group. The company was founded in 1930 as Prudential Assurance Company, later re-branding to its present name.

In 2015, Barclays Africa Group of South Africa acquired 63.3 percent shareholding in FAKL for an estimated KSh2.9 billion. The original shareholders received KSh2.2 billion and Barclays Africa injected KSh700 million new capital into the business. The Company provides quality and affordable products that are unique solutions to the client’s needs.

First Assurance Company Limited lives up to the motto Security and Services hence have a partner to walk within times of accidents and tragedy. First Assurance Company Limited has over 80 years of insurance knowledge and wisdom including a stable financial base to be able to accommodate individual needs.

First Assurance Company Limited Vision

To be the Preferred and Trusted Provider of Insurance and Integrated Financial Services.

First Assurance Company Limited Mission

To provide Assurance and Quality Services for all Insurable Financial and Social expectations that create and add value for all Stakeholders/

First Assurance Company Limited Core Values

♦ Security
♦ Integrity
♦ Quality Service
♦ Professionalism
♦ Corporate Responsibility

First Assurance Company Limited

First Assurance Company Limited Products

General Insurance

Motor Insurance

This policy covers loss or damage to the vehicle and its accessories including legal liability to third parties and passengers in respect of death or bodily injury.

Fire and Engineering

Damage to the property insured caused by the following perils Fire Lightning Earthquake Explosion Riot and strike Special perils A to H which include hail, snow, wind, hurricane, cyclone, tornado, etc.

Accidents

This policy covers the persons stated in the policy schedule in respect of Death, permanent disability and temporary disability caused by violent, accidental, eternal and visible means while on duty.

Theft (Burglary)

Loss or damage to the property insured caused by: Theft following actual forcible and violent entry into or from premises. Damage to premises as a result caused by :

♦ Theft following actual forcible and violent entry into or from premises.
♦ Damage to premises as a result of such entry or exit
♦ Hold up or attempt thereat

Marine and Liability

This policy indemnifies the insured against sums he may become legally liable to pay for damages to third parties in respect of the following:

♦ Accidental Death to a third party person
♦ Accidental Bodily Injury to third party person
♦ Illness to a third party
♦ Loss or damage to property belonging to a third party
♦ Legal costs and expenses incurred to defend such matters or awarded against the insured.

Travel Insurance

Have you thought of your travel insurance? Accidents and illnesses cannot be prevented when travelling. Medical urgencies cannot only ruin your trip, but they can also dig a deep hole in your wallet. This is where an international travel health insurance comes into play.

Personal Insurance

Group Last Expense Policy

Group Last Expense Policy is a form of term insurance that covers the life of a person whilst being a member of a formal group. The amount of the benefit is fixed.

♦ The Minimum and maximum benefit limits for adults range from Kshs. 10,000 to Kshs. 200,000.
♦ The minimum and maximum benefit limits for children range from Kshs. 10,000 to Kshs. 200,000.
♦ The minimum annual premium per group is Kshs. 10,000.

Group Credit Assurance Policy

Riders

Last Expense (Funeral) Rider

The benefit under this rider is for the benefit of the mortgagers’ dependants and is not related to the loan granted. The benefit is payable within 48 hours of official notification and satisfactory proof of death.

Permanent Disability Rider

This rider provides for the payment of the full loan balance if the mortgager becomes permanently
disabled due to sickness or disease.

Critical Illness Rider

This cover prepays 30% of the Sum Assured up to a maximum of the agreed amount under the scheme if
the Life Assured suffers from the diseases listed under the policy during the term of the policy.

Group Life Assurance Plan

First Assurance offers you a high-quality Insurance package for your employees, tailor made to meet your specific needs and at a rate, you can afford.

Riders

Last Expense (Funeral) Rider

Fast access to finance to meet funeral expenses is very vital to the family that has lost a loved one. The
key advantage under this rider is that the benefit is payable within 48 hours of official notification and satisfactory proof of death.

Critical Illness Rider

This cover prepays 30% of the Sum Assured up to a maximum of the agreed amount under the scheme if
the Life Assured suffers from the diseases listed under the policy during the term of the policy.

HIV/AIDS Treatment Rider

This cover provides Anti- Retroviral (ARV) drugs for HIV positive members and their spouses. It is
important to note that First Assurance Group Life policy does not have an exclusion on HIV/AIDS deaths or cover restriction for HIV positive members.

Group Disability Rider

If the Life Assured becomes continuously unable to perform their normal occupation due to sickness or injury, First Assurance will pay 75% of the annual pre-disability salary subject to a maximum of KShs. 240,000.00 per year for a period of 24 months.

Permanent Disability Rider

This rider provides for the payment of the full Sum Assured on the permanent and total disability of the Life Assured arising out of sickness or injury.

Medical Cover

Overall, the cover provides for medical and surgical expenses reasonably incurred by the insured members as a direct result of their sustaining accidental bodily injury and/or illness and/or a disease within the period of insurance. Our medical cover is Super Enhanced cover which includes Pre-existing, Chronic conditions and HIV conditions.

First Assurance Company Limited Contacts:

♦ Company Name: First Assurance Company Limited
♦ Postal Address: P.O. Box 30064 – 00100, Nairobi Town, Kenya

♦ P O Box 30064-00100 – Nairobi, Kenya
♦ Tel: 254 – 20- 2900000 | 3877737
♦ Wireless: 020-2692250 | 60/70/80
♦ Cell: 0722-444117 | 0733-605480

♦ Fax: 254 – 20-2692290 | 2900200
♦ First lady Cover Inquiry: 254-733 929 999
♦ Email: hoinfo@firstassurance.co.ke | firstlady@firstassurance.co.ke

First Assurance Company Limited Offices

NAIROBI TOWN OFFICE
3rd floor – Pan Africa Life Building, Kenyatta Avenue
Nairobi Kenya

HEAD OFFICE
First Assurance House, Cylde Gardens, Gitanga Road.
Nairobi Nairobi Kenya

NAKURU OFFICE
Westside mall along Kenyatta Avenue – 2nd floor
Nakuru Kenya

KISUMU OFFICE
United Mall, Ground floor along Kisumu – Kakamega Highway
Kisumu Kenya

MOMBASA OFFICE
First Assurance House along Nyali Road off Mombasa – Malindi Highway
Mombasa Kenya