The Liberty Life Assurance Kenya Limited, commonly referred to as Liberty Life, is a Kenyan life insurance company headquartered in Nairobi, Kenya. It is among the five largest life insurance companies in Kenya. It is a subsidiary of Liberty Kenya Holdings, which is an insurance holding company with headquarters in Nairobi.
Liberty Life is licensed and regulated by the Insurance Regulatory Authority of Kenya (IRA), the Retirement Benefits Authority of Kenya (RBA) and is a member of the Association of Kenya Insurers (AKI).
Liberty life Assurance (Formerly CFC life) is a financial services company that specialises in insurance and wealth management solutions for its clients. The company boasts of its long experience in the Kenyan market spanning over 50 years. When liberty holdings took control of CFC life, it bought with it a new skill set and an enhanced capacity to offer very competitive products that now span the capacities of the former CFC life, and Liberty Holdings. Its products include life insurance, savings and investments offerings, group life, employee retirement benefits, and last expense plans.
Insurance products targeting individuals include the following;
- Boresha maisha retirement plan
- Mortgage protector plan
- Legacy plan
- Whole life cover
- Individual pension plan
- Income builder plan
- Educator plan
- Scholar plan
- Endowment plan
Insurance products targeting business corporates include the following;
- Last expense plan
- Group life insurance
- Group individual pension plan
- Group pension scheme
History of Liberty Life Assurance Kenya Limited
Liberty Life Assurance Kenya Limited can trace its roots to 1964 when it was founded as Kenya American Insurance Company Limited; the company provided insurance services, investment solutions, education and retirement savings plans. In 1987 the company had a name change to American Life Insurance Company (Kenya) Limited, ALICO. Later, in 2004, ALICO was owned by CFC Bank (now Stanbic Bank) leading to a further metamorphosis of the organization’s name into CFC Life Assurance Limited.
The company, through further change during 2008 when Stanbic Bank merged with CFC Bank (to form CFC Stanbic, now Stanbic Bank); which brought CFC Life and Heritage Insurance Company under CFC Stanbic Holdings which was also the financial services conglomerate that encompassed CFC Stanbic Bank and CFC Financial Services after the acquisition that happened that year. Later in July 2010 the CFC Stanbic Holdings Limited shareholders would participate in a vote that lead to the separation and demerger of the company’s insurance and banking sections.
In 2011 CFC Insurance Holdings became listed on the Nairobi Securities Exchange, (NSE). CFC Life changed its name fully to Liberty Life Assurance Kenya Limited in October 2014.
Kajiado Township Primary School Library, a library whose sponsorship was done by Liberty Life in partnership with Heritage Insurance and Oxford Press Kenya. Abel Munda, the Liberty Life managing director, also a KES 800,000 borehole in the school. The facilities were sponsored to benefit not only the school’s students but also to benefit the more than 1,400 students from neighboring schools in the Kajiado County, Kenya, and to enable the nurturing of innovation, curiosity and problem solving among the students.
Tailored For Individuals
Invest in and secure your child’s educational future with our comprehensive education plans.
Our investment products can help you reach your investment goals. Our products allow you to choose between regular, ad-hoc or a lump sum contribution, which may be split into a variety of funds.
Retire well and enjoy your golden years with peace of mind, with Liberty’s retirement plans.
Products to ensure you and your family are financially covered in the event of death or disability or offer crucial support so they can pay for crucial funeral and related expenses.
Protection with Savings Products
These products combine the protection of life insurance and the added benefit of saving regularly over a specific period of time. These products enable you to get periodic pay-outs or a lump sum amount on the policy maturity.
Our range of group risk solutions can be tailored to suite an employer’s needs for life, disability and critical illness insurance. Business owners can purchase these benefits for their employees as part of their benefits package for staff.
Designed for employers who want to provide attractive retirement benefits for their employees.
Liberty ’s Payments
Liberty Insurance has a number of modes through which payments can be made for their various products. Below are the various modes of payment.
|Liberty Life Assurance Kenya Limited
||Standard Chartered Bank
Liberty Life Assurance Kenya Limited Contacts
Liberty House, Processional Way
P. O. Box 30364 – 00100 Nairobi, Kenya
Contact Centre: +254 711 028 000
t (+254) 20 286 6000
Liberty Life Contacts.
Call customer care on;0711076222
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