As an unknown author once said, accidents are the unexpected guests in our lives. In these tough economic times, sometimes all we need is a helping hand to get by.
Peter Warui graduated from university a few years ago with a Bachelor of Science in Commerce. As ever, job opportunities were scarce.
During his time at university, Warui’s friend who worked at Absa introduced him to one of their digital products; Absa’s Timiza.
Persuading him to sign up, his friend explained that Timiza offered more than just loans as it also included an insurance feature. For just Sh. 42, the Timiza app provided a personal accident cover of up to Sh. 100,000.
After graduating from university and tarmacking Nairobi’s streets with a degree and valuable accountancy distinctions, Warui didn’t land a job and subsequently returned to his village in Ndugamano, Central Kenya.
He had a friend working as a carpenter, who offered to have him apprentice at the shop. One day, while working in the workshop, Peter had an accident with one of the machines.
As he was rushed to the hospital, Peter recalled the Sh. 42 monthly savings he had been putting into Timiza. With a glimmer of hope, he checked the app for details. To his relief, he found that the personal accident cover would help with the costs. He immediately started the process of filing a claim.
The claims process was surprisingly smooth. The app provided clear guidelines, and the required documents were minimal. Within a reasonable timeframe, Peter received the insurance payout.
Insurance
Insurance is often overlooked by many Kenyans, mainly due to its high costs. Timiza by Absa not only provides insurance coverage but also makes it quite affordable.
For as little as Sh. 42 a month, you can get a Sh. 100,000 personal accident cover and a Sh. 50,000 funeral expense cover. If you do the math, an annual premium of Sh. 504 gets you all this coverage. Quite a sweet deal, isn’t it?
Timiza’s insurance cover is the most affordable in the market. The best part is that to qualify for compensation, all you need to do is open a Timiza account and start enjoying the benefits.
Loans & Savings
Additionally, Absa offers a savings scheme that makes saving and getting loans easy. The bank provides convenient access to these financial services through their mobile app.
One of the most convenient features of Timiza is its user-friendly interface, making banking easy and accessible to everyone, whether you’re an Absa client or not.
Whether you need a quick loan for unexpected expenses or want to start saving for the future, Timiza has you covered.
Timiza is dedicated to ensuring financial freedom isn’t a concept, but rather that people from all walks of life can use their services to improve their financial well-being. Additionally, Timiza guarantees secure and reliable banking for its customers.
To get started dial *848# or download the Timiza app from the Google PlayStore at https://play.google.com/store/apps/details?id=ke.co.absa.digitalwallet or IOS App Store on https://apps.apple.com/ke/app/timiza/id1579638825.
You can also contact Timiza Customer Care via 0204265000 or 0709213000.