Motor Commercial Insurance cushions you against financial loss in the unfortunate event that your commercial vehicle(s), its accessories or spare parts are stolen or damaged as a result of an accident, fire or riots. Your policy also covers third party liabilities which means that your cover will extend to compensate any other party (other than yourself or the person you have authorised to use your vehicle) should you be the party that caused the incident or injury.
There are various categories under motor commercial insurance: Comprehensive, Third Party Fire & Theft and Third Party Only.
We also offer the following motor insurance solutions for businesses:
As the sponsor of the scheme, employers have the right to choose the type of fund structure i.e. Provident Fund or Pension Fund. A provident fund allows retiring members to access a lump sum payment upon their retirement while a pension fund will require a retiring member to purchase an annuity so that she/he receives monthly pension for a specified period of time.
If you would like to talk to us in person, you can call us on +254 719 071 999 or book a call.
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You as the employer joins an already established scheme, you do not need to incur the hefty costs associated with setting up a segregated scheme.
Our scheme has a common pool of service providers whose costs are shared amongst the various schemes thereby maintaining costs at a minimum.
You as an employer are relieved from managing your employees’ retirement benefits allowing you to concentrate on your core business activities.
By offering employees essential benefits, you as the employer are able to retain productive and competent employees, while offering a competitive package to attract new talent.
There are no heavy fiduciary responsibilities assumed by you as an employer because the ICEA LION is well-known, has an experienced board of trustees and is managed by respected industry professionals.
Pooling of resources enables your scheme to engage the services of highly professional service providers who would have been out of financial reach for you as a stand-alone occupational scheme
According to the proposed NSSF Act, all employers must contribute (6%) to the National Social Security Fund (NSSF). With an Umbrella Scheme, Tier II contributions can be retained in a registered scheme
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From participating in a larger pool, your employee’s costs are kept at a minimum allowing them as members, to enjoy cost savings and economies of scale which translate into improved investment returns
Because of our scheme’s size, your employees get the added advantage of accessing a wider spread of investments in various financial instruments
Member retirement funds are managed by our independent retirement fund professionals who are accountable and are tasked with ensuring that the umbrella fund is compliant with all relevant legislation. We also commit to delivering value to our members
As our member, we regularly update your employees on the status and performance of their retirement benefits
Our robust ICT administration platform ensures that your employees receive communication in a regular and effective manner
Our fund is supported by a stable, financially sound and well managed organization with over 35+ years of experience
Thereafter, they will be expected to remit monthly employee and employer contributions to the scheme’s custodian.
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If you would like to talk to us in person, you can call us on +254 719 071 999 or request a call back by clicking here.