HFC, through its bancassurance intermediary, has partnered with Britam Holdings to launch a convenient and flexible education policy called Elimu.
The product is designed to enable parents to provide uninterrupted quality education to their children with high returns, flexible terms and guaranteed payouts.
The education plan will be available from HFC and guaranteed by Britam Holdings as part of HFC’s diversification strategy.
“We are deepening our full-service banking offering, including bancassurance solutions and this product will give our customers a way to plan and save for a quality education for their children while increasing the penetration of insurance in the country, which currently stands at only 3%,” Robert Kibaara, Managing Director of HF Group.
HFC is the banking arm of the HF Group and offers comprehensive commercial banking and real estate finance solutions
Mr. Kibaara added that the education solution has been tailored to meet diverse customer needs and allows for a high age limit of up to 60 years and seniority limits as low as six years.
Ambrose Dabani, Senior Director of Britam Life Insurance, said the partnership is well aligned with Britam’s strategy of being a customer-centric organization with education planning being a priority for them.
“Elimu is the brainchild of two brands that aim to deliver more value to HFC customers by leveraging our heritage and track record to ensure parents are able to give their children a quality education,” a- he declared.