Insurance claims rise on job losses, Covid-19 deaths

[Image source: Healthline]

Business Daily | by Otiato Guguyu

Benefits paid out by long term insurance companies shot up 29 percent to Sh39.4 billion in the six months to June due to retrenched workers cashing out their pension dues and claims arising from Covid-19 deaths.

Business closures caused by the pandemic hit several sectors such as tourism and transport, forcing firms to lay off workers who…

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