Since inception, CFC Life has provided insurance services to Kenyans and continues to write a wide range of life and health insurance products including ordinary life, group life, medical, pension and personal accident.
AllLife
Target geography
Target Population
Target income level
- Bottom 20%
- Lower-middle income (20-40%)
- Middle-income (40-60%)
- Higher middle-income (60-80%)
- High-income (80-100%)
Health focus
- HIV/AIDS
- Noncommunicable disease(s)
Summary
AllLife provides simple, affordable life and disability insurance for HIV Positive or Diabetic individuals. The services are offered with a no waiting period and up to R10 million cover available. Premiums are available from R130 per month.Program goals
AllLife’s mission is to design and deliver innovative, affordable products to the neglected life insurance market segments in South Africa.
Key program components
AllLife’s innovative products use a continuous underwriting approach to deliver affordable cover to people who manage their health appropriately. The scheme routinely reminds policyholders of their health commitments, and alerts them to potential health concerns so that they can take appropriate action to maintain their wellbeing.
HIV Life Cover: In 2005, AllLife was the first company in the world to offer whole life cover to HIV positive individuals. The life products provide cover in the event of death of the life insured, whether this was due to an accident or a health related issue. * Advantage Term Life is AllLife’s most affordable life insurance product set. These products provide cover for a limited period of time (10- or 20-years, depending on the product chosen), and may be appropriate for clients looking to provide cover for their dependents during an important, but finite, period of their lives. These dependents may be young family members, for example, who will mature and start to take care of themselves after 10 or 20 years.
Diabetes Life Cover: AllLife provides comprehensive life cover to individuals living with Type 1 and Type 2 diabetes mellitus. AllLife also has an extensive and extremely competent national network of Financial Service Providers (FSPs) who are trained and certified to sell our products.
Financials
Related Programs
The Afya Milele health insurance plans through East Africa Insurance Brokers Ltd. provides affordable medical insurance cover to lower and middle class Kenyans.
BASIX offers group and individual health insurance as well as hospital cash products for Royal Sundaram Finance Limited (BSFL) credit customers, non-credit customers, and spouses to insure against hospitalization due to illness or injury.
Healing Fields is a non-profit organization dedicated to making health care affordable and accessible to poor, underprivileged, and marginalized people in India. The Foundation has provided health insurance to over 75,000 individuals from low income communities across five states in India.
Grameen Koota's mission is to transform and uplift the lives of poor and low-income families with micro-finance and other development services and to be a sustainable, friendly and trusted provider of affordable and need-based services.
