News Column

United States : INSURANCE Deal with Kenya Orient signed by Microsoft

August 9, 2014

An insurance deal is signed by Microsoft with Kenya Orient that covers buyers of the smartphones and tablets. This will be Kenya Orient's first ever deal signed with a handset manufacturer.

Package will range from 1.5 percent for a KES 70,000 phone to 2 percent for a device worth KES 20,000. The number of high-end smartphones in Kenya is expected at 1 million, however is likely to grow four-fold by next year, as per to industry regulator Communications Authority of Kenya (CA), Business Daily reported.

For users to register for the insurance package, they are needed to send an SMS with their handset identification (IMEI) numbers to 70707. Two verification messages will then be sent with further registration details. During registration, one must have proof of purchase, whereby the insurance value will be based on catalogue price as well as applicable depreciation.

This insurance deal includes only devices that are less than 2 years old. Device owners are permitted to only make a maximum of two claims per device per year. In 2013, Kenya Orient unveiled a KES 999 monthly premium policy that covers smartphones against theft and accidental destruction and customers could make 3 claims yearly.

Kenya Orient Insurance Limited is an insurance service provider for mobile devices, particularly mobile phones and tablets.

For more stories covering the world of technology, please see HispanicBusiness' Tech Channel

Source: TendersInfo (India)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters