Boda boda riders will now access a new personal insurance cover of up to Sh400, 000 courtesy of Indian based Hero MotoCorp and Ryce East Africa.
The cover, which is the first of its kind in Africa, was launched yesterday at a Nairobi hotel in an event that was attended by representatives of boda boda riders from across the country.
The Managing Director Ryce East Africa Mr. V.N. Srinivas said his organisation, which has been operating for over 60 years, not only provides transport means for its customers but also provides a sufficient power solution for the riders.
“We as an organisation provide cheaper and faster solutions to our customers,” he noted.
Srinivas explained that motorcycle riders will get a cover for losses arising from death, permanent or temporary disabilities, injuries and medical treatment, adding that this cover, dubbed “kuwa HERO wa familia Yako campaign” stands out from what their competitors offer.
“Motorcycles are increasingly becoming the most preferred and used mode of transport in both urban and rural areas, while employing tens of thousands, and contributing up to Sh400 million to the economy on a daily basis. This new product is designed to protect riders from financial losses arising from accidents,” Srinivas said.
An official from National Transport and Safety Authorities (NTSA) Samuel Musumba speaking during the launch emphasised on safety of the operators.
He urged all the motorcycle riders to uphold traffic regulations and wear protective gears all the time.
“This will reduce motorbike accidents which stood at a high of 718 incidents in 2016,” he said.
The personal insurance cover will be provided by CIC insurance who have partnered with Ryce Motors East Africa.