Jubilee, Simba Colt sign insurance deal for new pick-ups
What you need to know:
Jubilee Insurance, Kenya’s largest underwriter by market capitalisation, has partnered with Simba Colt Motors to offer a one-year insurance cover to owners of new Mitsubishi L200 single- and double-cab.
Jubilee Insurance, Kenya’s largest underwriter by market capitalisation, has partnered with Simba Colt Motors to offer a one-year insurance cover to owners of new Mitsubishi L200 single- and double-cab.
The all-new Mitsubishi L200 Sport Utility Truck (SUT) is a passenger car with the functionality of a pick-up.
“This partnership is the beginning of extensive business opportunities between Jubilee Insurance and Simba Corp. … We understand that buying a new car comes with other expenses and so we are taking care of this part of the process,” said Jubilee Insurance CEO Patrick Tumbo at the Simba Corp offices.
Long-term strategy
Simba Corporation executive director Dinesh Kotecha said the partnership is designed to enable the customer to take up the products.
“We have embarked on a long-term strategy to partner with like-minded corporate entities to enable our respective customers to get the best value for their money,” said Mr Kotecha.
The partnership is the latest in a series in which Simba Corporation has signed in a bid to bolster its position in the market.
The corporation is in a partnership with Vivo Energy Kenya, the sole distributor and marketer of Shell-branded fuels and lubricants.
The deal will enable Vivo Energy to access tailor-made vehicle leasing solutions from Simba Corporation.
The corporation also partnered with Family Bank for asset financing for consumers intending to purchase commercial vehicles.
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