IRA Class 24 · General
Micro Insurance in Kenya
Low-premium, low-cover insurance for low-income households under IRA Class 24.
What does Micro Insurance cover?
Small-ticket policies - life, funeral, medical, hospital cash, mobile-device and crop micro-cover - distributed through mobile money, SACCOs and digital platforms.
Who needs Micro Insurance?
Low-income earners, informal-sector workers and rural households.
Examples of Micro Insurance policies in Kenya
- Funeral micro-cover via M-Pesa
- Hospital cash micro-cover
- Crop index micro-insurance
Frequently asked questions
What makes a policy 'micro' under Kenyan rules?
The IRA defines micro-insurance by low premium and benefit thresholds, simple plain-language wording and quick claim settlement.
Regulation
Micro Insurance is licensed under Class 24 of the Insurance Act (Cap 487) and supervised by the Insurance Regulatory Authority (IRA). Only insurers holding a current Class 24 licence may underwrite this cover in Kenya.