Insurance Regulatory Authority ( IRA) on Tuesday announced a directive that all regulated insurance companies will grant a premium payment holiday for up to 3 months for policy holders affected by COVID-19 pandemic.
IRA described the Payment Relief as a directive to apply on both premiums payment and even premiums renewal.
The 3 months payment holiday should be added on top for policy holders with an existing relief previously approved.
Association of Kenya Insurers (AKI) declined handling claims as a result of Coronavirus soon after World Health Organisation (WHO) declared a pandemic.
IRA however had talks with health insurers in kenya and agreed to approve and fund claims arising from the pandemic.
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