Jubilee Holdings and Diamond Trust Bank (DTB) have entered into a partnership to introduce a groundbreaking new product, that aims to address a critical challenge faced by many insurance customers – the ability to manage their premium payments in a manner that aligns with their budgets and cash flow.
This innovative digital payment solution, dubbed Lipa Polepole, will alllow customers to pay their premiums in flexible installments. This digital system looks to move away from traditional options.
By providing the flexibility to pay premiums in manageable increments, the Lipa Polepole option empowers policyholders to better manage their finances and maintain their insurance coverage without the stress of large, one-time payments.
The solution also allows a customer to process their payments through an online portal. They will be able to complete their health insurance transactions through their mobile phones. The platform will offer instant health cover approval through a secure, paperless platform. It basically aims to put health insurance at the customer’s fingertips.
According to Njeri Jomo, CEO Jubilee Health Insurance, this new product is a game changer in the insurance sector. “Flexibility, convenience, and affordability’ – that’s what we are promising to offer customers,” she said.
DTB, in this partnership, will be providing the financial infrastructure needed for the smooth processing of instalment payments. In accordance to Nasim Devji, Group chief executive of DTB, the collaboration will be key to addressing the affordability challenge in the health industry.
“At DTB, we are committed to driving financial inclusion by offering flexible payment options that make it easier for more Kenyans to access essential healthcare services.
By combining our expertise in financial services with Jubilee’s innovative health insurance offering, we are making it easier for you to access healthcare services,” said Nasim Devji.
This partnership creates a synergistic solution that leverages the strengths of both organizations. Jubilee’s deep understanding of the insurance sector, combined with DTB’s expertise in financial services, has resulted in a seamless and user-friendly platform that caters to the diverse needs of Kenyan consumers.
