IRA chief executive Godfrey Kiptum. FILE PHOTO | NMG
Insurance policy holders facing financial difficulties due to the Covid-19 pandemic will now get a relief after the industry regulator granted them a grace period for payment and renewal of premiums.
The Insurance Regulatory Authority (IRA) said insurers will be required to give their clients concessions such as deferral of payments or renewal of premiums, including considering offering holidays and the option of staggered payments.
