On Tuesday 6th February at the Intercontinental Hotel, Nairobi, I&M Bank launched their new Customer Value Proposition (CVP) which includes a Retrenchment and Life Cover offered by MicroEnsure. The CVP is part of the banks new strategy, shifting its position of predominantly institutional banking to including its services to retail customers.
Underwritten by Sanlam Life, the insurance cover is offered as part of the benefits package to customers opening a salary account with I&M Bank and offers two tiers of cover dependent on size of salary. For both tiers the Retrenchment cover pays one month’s salary and the Life cover has a lump sum benefit.
Photos top: Francis Kinuthia – Business Development Executive, MicroEnsure and Kihara Maina – CEO of I&M Bank, together with the bank’s staff and customers.
Photo bottom from left: Francis Kinuthia – MicroEnsure; Duncan Kiberu – Product Manager, I&M Bank; Mathew Magotsi – Head of Bancassurance, I&M Bank; Antony Okungu – Actuary, MicroEnsure.