Geminia Insurance: Ownership, Rates, Branches, and Locations

"Learn about Geminia Insurance, a trusted name in the industry, offering innovative insurance solutions. Find out about their ownership, rates, branches, and locations.

Oct 8, 2023 - 16:26
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 Geminia Insurance: Ownership, Rates, Branches, and Locations
 Geminia Insurance: Ownership, Rates, Branches, and Locations

Have you ever wondered about the insurance industry's giants? Geminia Insurance has carved a niche for itself in the heart of Nairobi, representing trust, reliability, and innovation in the insurance sector. Let's dive into the details about Geminia Insurance, their vast career opportunities, ownership structure, rates, branches, and location.

Geminia Insurance

Starting its operations in 1981, Geminia Insurance Company Limited has become a force to reckon with in the insurance sector. Fully locally-owned, they've made a significant mark by consistently prioritizing their clients. Unsurprisingly, they've accumulated an impressive asset base of over Kshs—7.6 Billion over the years.

The growth has been evident. A quick journey down the memory lane: in 2019, they celebrated achieving the 5 billion mark in gross written premium, and 2012, the 1 billion mark. They've expanded their reach, opening branches in prime locations like Nyeri, Kisumu, and Eldoret.

Significant milestones mark Geminia Insurance's journey through time:

  • 1981: Geminia Insurance Co. Limited is founded in Nairobi and Mombasa.
  • 1992: Geminia starts to transact LIFE INSURANCE.
  • 1996: Eldoret branch opens its doors.
  • 1999: The Kisumu branch is established.
  • 2007: The company moves to Geminia Insurance Plaza.
  • 2012: Achieved the 1 billion mark in gross written premium.
  • 2016: The Nyeri branch is inaugurated.
  • 2018: Headquarters moved to Le' Mac Building.
  • 2019: Attained the 5 billion mark in gross written premium.
  • 2021: Demerger to create Geminia Life Insurance Co. Ltd.

Geminia Insurance Products

Geminia offers a gamut of products categorized into life insurance and general insurance. For life insurance seekers, options range from the Twinsave Investment Policy to the Mortgage Protection Policy. On the other hand, general insurance covers a broad spectrum. Ever heard of Golfers Insurance? Yes, they cover that too! It ensures protection against damages to golfing equipment and even celebrates your hole-in-one achievements.

Additionally, products like the Home Pack Insurance cater to homeowners, offering a blend of protection against various perils and incorporating life insurance benefits.

Here is a sneak Pick of each:

Golfers Insurance

Golfers Insurance is a specialized policy designed to safeguard your golf equipment and cover accidents that may occur while playing golf. With this insurance, you can enjoy your game with peace of mind, knowing that your equipment and well-being are protected.

Coverage Highlights

Golfers Insurance covers the following aspects:

  • Legal liability: Insures against third-party claims for bodily injury or property damage caused by your negligence while playing or practising golf.
  • Personal accident: Compensates for death or Permanent Total Disablement resulting from accidental bodily injury while playing or practising golf, with coverage up to Kshs. 100,000.
  • Hole-in-one: Reimburses the sum insured plus the expenses incurred at the golf club premises following the scoring of a hole-in-one.
  • Personal Effects: Covers loss or damage to personal effects (excluding golfing equipment and valuables) due to fire, theft, or robbery.
  • Medical expenses: Pays for medical and hospital expenses incurred due to accidents while golfing.

Home Pack Insurance

Home Pack Insurance is a comprehensive package that protects homeowners against various risks, including fire, burglary, employees' compensation, and liabilities. Additionally, this policy provides an option to incorporate a life insurance benefit.

Home Pack Insurance comprises various sections:

  • Buildings (Section A): Covers residential buildings, including fixtures, fittings, walls, gates, fences, terraces, patios, drives, carports, garages, and outbuildings as part of the property.
  • Contents (Section B): Includes household goods, personal effects, furniture, clothing, bedding, fixtures, and fittings belonging to the insured or family members.
  • All Risks (Section C): Covers movable items carried in and out of the building, such as mobile phones, laptops, jewellery, watches, cameras, gas cylinders, and golf equipment.
  • Work Injury Benefits (Domestic Employees) (Section D): Provides coverage for injuries sustained by domestic employees during their employment.
  • Employer’s Liability (Section E): Protects the insured against legal action by domestic employees for work-related injuries or illnesses.
  • Owner’s Liability (Section F): Covers the insured's legal liability as the building owner for third-party death, injury, or property damage.
  • Occupier’s Liability (Section G): Covers the insured's legal liability as the occupier of the building for third-party death, injury, or property damage.
  • Life Rider Benefit: Extends life insurance coverage to the insured, spouse, and other dependents.
  • Personal Accident Cover: Provides compensation for death or permanent disablement caused by violent, accidental, external, and visible events.
  • Critical Illness: Pays the insured following the diagnosis of specific critical illnesses.
  • Terrorism and Political Violence Cover: Protects against physical loss and damage to property due to acts of terrorism or political violence.
  • Guest Effects: Covers loss or damage to long-term guests' effects at the insured residence.

Motor Insurance

Motor Insurance is designed to protect your vehicle from financial loss resulting from theft, fire, road accidents, and other natural perils like floods. Geminia Insurance offers three motor insurance policies to cater to various needs.

Types of Covers

The three types of motor insurance policies available are:

  • Third-Party: Covers third-party bodily injury, death, and property damage from using the insured motor vehicle.
  • Third-party Fire & Theft Cover: Extends third-party coverage to include damage caused by fire and theft of the vehicle.
  • Comprehensive Cover: Provides all-encompassing coverage, including third-party liability and property damage to the vehicle, such as fire, theft, and accidental damage.

Our motor insurance policies cover many vehicles, including private cars, school buses, tour vans, tractors, commercial vehicles, and agricultural vehicles like tractors.

Personal Accident

Personal Accident insurance offers protection against injuries, death, or disability resulting solely and directly from an accident. It provides financial support when needed, ensuring that you and your loved ones are cared for during challenging times.

Coverage Highlights

Personal Accident insurance includes various benefits:

  • Accidental death: Pays a predetermined sum insured to nominated beneficiaries in case of loss of life due to an accident.
  • Permanent Disablement: Provides a predetermined sum insured for permanent disability due to an accident.
  • Temporary Total Disablement: A weekly payment for accidents limits your capacity to attend to daily activities.
  • Accidental medical expenses: Reimburses medical expenses arising from accident-related injuries.
  • Life extension (Optional benefits): Extends coverage for additional circumstances, such as temporary total disability, reconstructive surgery, and more.

Travel Insurance

Travel Insurance provides 24-hour protection to the insured against accidental injuries and loss of checked-in baggage while travelling anywhere in the world. Whether you're on a business trip or a vacation, this policy ensures you're covered in case of unexpected events.

Coverage Highlights

Travel Insurance covers a range of situations, including:

  • Medical Expenses: Covers medical expenses related to illness or injury while travelling.
  • Personal Accident Insurance: Provides capital sums in the event of death or permanent total disability following an accident.
  • Personal Liability: Protects you if you become legally liable for accidental death, bodily injury, or illness of any person or property damage.
  • Cancellation Insurance: This covers non-refundable payments if you must cancel your journey due to illness, injury, or death.
  • Curtailment Insurance: Covers non-refundable and additional payments incurred when returning home due to illness, injury, or death.

Geminia Contacts 

can reach Geminia Insurance through various branch contacts. Here are some primary contacts for their branches:

Branch Address Phone
Head Office Le’Mac, 5th Floor, Church Road, Off Waiyaki Way, Nairobi +254 20 278 2000
CBD Branch Agip House, 1st Floor, Haile Selassie Avenue, Nairobi +254 20 278 2202
Upper Hill Branch Geminia Insurance Plaza, 2nd Floor, Kilimanjaro Avenue +254 20 278 2180/2181
Mombasa Branch Diamond Trust Arcade, Moi Avenue, Mombasa +254 20 278 2300
Kisumu Branch Minoki Building, 1st Floor, Oginga Odinga Street, Kisumu +254 20 278 2500
Kisii Branch Umoja Complex, 1st Floor, Hospital Road, Kisii +254 20 278 2520
Meru Branch Twin Plaza, 2nd Floor, Meru +254 20 278 2620
Nakuru Branch Westside Mall, 3rd Floor, Kenyatta Avenue, Nakuru +254 20 278 2420
Eldoret Branch Geminia Office Block, Iten Road, Eldoret +254 20 278 2400
Nyeri Branch Konahauthi House, Suite H4, 1st Floor, Opposite GPO, Nyeri +254 20 278 2600/1
Thika Branch Maisha Heights, 3rd Floor, Kenyatta Highway, Thika +254 20 278 2640

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Conclusion

In conclusion, Geminia Insurance is a reliable and customer-focused insurance company with a rich history from 1981. With a solid commitment to quality service and personalized solutions, Geminia Insurance has consistently grown and expanded its footprint. Whether you're an avid golfer, a homeowner, a motorist, or a traveller, Geminia Insurance has you covered with a wide range of insurance products tailored to your needs. Trust in Geminia Insurance to protect what matters most to you – your future and peace of mind.

FAQs

What is Geminia Insurance's mission?

    • Geminia Insurance's mission is to care for our customers by providing them with the best services when it matters most.

What are some of Geminia Insurance's significant milestones?

    • Geminia Insurance achieved several milestones, reaching Kshs—1 billion in gross written premiums in 2012 and Kshs. 5 billion in 2019. We currently have an asset base of over Kshs. 7.6 billion.

Where is Geminia Insurance headquartered?

    • Geminia Insurance is headquartered in the Le' Mac Building, Church Road, Off Waiyaki Way, Nairobi.

Is Geminia Insurance locally owned?

    • Yes, Geminia Insurance is a fully local-owned insurance company.

Does Geminia Insurance offer competitive rates?

    • Yes, Geminia Insurance is committed to offering competitive rates that reflect the value of the coverage provided.

How can I contact Geminia Insurance?

  • You can contact Geminia Insurance through various channels, including phone and email. Here are the contact details for our head office:

Does Geminia Insurance have branches in Kenya?

    • Yes, Geminia Insurance has branches in various cities and towns across Kenya, making our services easily accessible to clients.

What types of insurance products does Geminia Insurance offer?

    • Geminia Insurance offers a wide range of insurance products, including life and general insurance. These cover everything from life assurance to property and casualty insurance.

Geminia Insurance is more than an insurance company; it partners in your journey to a secure future. Join us today and experience the peace of mind from knowing a trusted name in the industry protects you.

Joseph Richard Joseph Richard, a leading contributor to sledge.co.ke, uses his decade-long expertise in finance, business, and technology to offer clear, reliable guides and analyses. His work aids Kenyans in making informed financial and business decisions, earning him a reputation as a trusted industry authority.