Britam Insurance Company: History, Branches, Premiums, and Packages Offered

Britam, originally known as British American Insurance Company (Kenya) Limited, traces its roots back to 1965 as a branch of the larger British American Insurance Company.

It became locally incorporated in 1979 and has since grown into a diversified financial services group with a strong presence in Kenya and across other parts of Africa.

By 1984, local Kenyan investors had acquired a 33.33% shareholding in the company, in line with government directives to increase local ownership.

In 2004, the company underwent a major restructuring, forming a non-operating holding company and incorporating British-American Asset Managers to focus on investment advisory and fund management.

Britam began its regional expansion in 2010 with the establishment of Britam Insurance Company (Uganda) Limited. A year later, in 2011, the company listed its shares on the Nairobi Securities Exchange through an initial public offering, opening up to public investment.

In 2015, the company rebranded to Britam Holdings Limited, reflecting its evolution into a diversified financial services group. Most recently, in 2024, Britam reported a 52% rise in pre-tax profit, highlighting its sustained growth and ongoing regional expansion.

Insurance Plans Offered at Britam

Here are some of the insurance packages that are offered by the insurance company.

Tegemeo Protection Plan

The Britam Tegemeo Protection Plan is a family protection insurance cover designed to provide financial security in the unfortunate event of the policyholder’s death. Its primary goal is to ensure that your loved ones are financially supported during a difficult time.

Key Benefits:

• Upon the death of the insured, beneficiaries will receive 100% of the sum assured.
• The plan offers a high sum assured, which can be used to cover key expenses such as funeral costs, education fees, and other financial obligations.

Fariji Plan/Funeral Cover

The Britam Fariji Plan is a funeral cover designed to help your family manage funeral expenses in the unfortunate event of your passing.

Key Features:

• The plan offers protection-only cover, with premiums paid throughout the insured’s lifetime.
• The sum assured applies to each family member, with no limit on the number of members covered.
• The maximum entry age is 82 years.
• Eligible applicants can choose a cash benefit ranging from Ksh 100,000 to Ksh 500,000.

Student Personal Accident Cover

The Britam Student Personal Accident Cover is a tailored insurance policy that provides financial protection for students in the event of accidental injuries or death. It is designed to give parents, guardians, and institutions peace of mind, knowing that students are covered in case of unforeseen incidents.

What It Covers:

• Medical Expenses: Covers the cost of treatment for injuries resulting from accidents.
• Accidental Dental Expenses: Offers support for dental treatments due to accidental injuries.
• Permanent Disability: Provides financial compensation in the event of permanent disability caused by an accident.
• Accidental Death: Offers a financial benefit to the family in the unfortunate event of the student’s accidental death.
• Last Expense: Assists with funeral and related expenses.

Comprehensive Motor Insurance

At Britam, we know how important your car is to you, and we’re here to help you protect it. Their Comprehensive Motor Insurance policy offers extensive protection to keep your vehicle safe from a wide range of risks.

What’s Covered:

• Accidental damage or overturning
• Loss or damage caused by fire or theft
• Malicious damage
• Third-party liabilities
• Damage to vehicles in the custody of motor traders or garages
• Coverage within Kenya, with an option to extend to other East African countries upon request

Benefits:

• Free cover for windscreen, audio/video accessories theft
• Free cover for spare wheel, jack, and toolbox
• Free towing, recovery, and protection services after an accident
• No-claim discount of up to 60%, depending on claim history
• Fleet discount for multiple insured vehicles
• Full waiver on Controller Technique (vehicle inspection) fees upon renewal
• Flexible premium rates and payment terms to suit your budget

Also Read: Jubilee Insurance Company: History, Branches, Premiums, and Packages Offered

Home Insurance

Britam Home Insurance protects your house and belongings against life’s unexpected events—such as theft, fire, and damage caused by extreme weather. Whether you’re a tenant or a homeowner, the plan offers flexible coverage tailored to your living situation.

Home insurance is generally divided into two main categories:

• Buildings Insurance – Covers the structure of your home.
• Contents Insurance – Covers your personal belongings.

These can be purchased separately or combined for complete protection and peace of mind.

For Homeowners

This package is designed for individuals who own and live in their homes, used solely as private dwellings. It includes:

• Buildings Cover: Protection for the physical structure of your home, including domestic outbuildings, fixtures, fittings, walls, gates, and fences—all within the same premises.
• Contents Cover: Covers personal belongings such as furniture, household items, and electrical equipment if stolen or damaged by fire or other insured events.
• All-Risks Cover: Protection for valuables taken outside the home like jewelry, laptops, mobile phones, and cameras.
• Domestic Employee Cover: Compensation for domestic workers for work-related injuries or illnesses contracted during their employment.
• Personal Liability Cover: Legal liability protection in case a third party is injured or their property is damaged due to the policyholder’s negligence as a homeowner or occupier.

Also Read: Britam Launches Insurance for Low-Income Kenyans, Gig Workers, and Small Businesses

Britam Cash Trust

The Britam Cash Trust is a tailored financial solution that manages and protects cash assets through a trust fund. It ensures liquidity, accessibility, and purposeful use of funds—both during your lifetime and beyond—in line with your wishes as the founder (settlor).

Types of Need-Based Cash Trusts

• Education Trust Fund
  Covers school fees, books, uniforms, school trips, and other education-related costs for named beneficiaries.
• Medical Trust Fund
  Provides for ongoing medical expenses and payment of annual health insurance premiums.
• Family Care Trust Fund
  Supports everyday family needs such as school fees, rent, medical bills, utility payments, and upkeep.
• Charitable Trust Fund
  Facilitates giving to charitable causes or institutions close to your heart.
• Milestone Trust Fund
  Rewards children or beneficiaries upon achieving pre-defined personal milestones or goals (e.g., graduation, passing exams).
• Welfare Trust Fund
  Ideal for groups, this trust ensures support to members’ beneficiaries by providing payouts in the event of a member’s death.

Regional Branches

Britam’s Head Office is located at Britam Centre, at the junction of Mara and Ragati Roads in Upper Hill, Nairobi.

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