To mark this year’s International Women’s Day, Kingdom Bank has, in partnership with Cannon Group unveiled the Faidi Dada Motor Cover, a motor vehicle insurance solution designed to serve the unique needs of women. The announcement was made at a customer dinner held at Serena Hotel on Friday 7th March to celebrate the one-year anniversary of Faidi Dada, a dedicated banking offering by Kingdom Bank for women clients.
The new Faidi Dada Motor Cover is a timely extension of the existing Faidi Dada package that is already serving over 6,000 women with financial tools to save, borrow, insure and manage their finances with ease. Faidi Dada Motor Cover enriches the existing product by offering comprehensive protection for both personal and commercial vehicles, giving an assurance of safety to female drivers on and off the road.
The Faidi Dada insurance cover goes beyond the ordinary, and features benefits specific to the unique needs of women, including handbag contents coverage, accommodation in the event of an accident and protection against political violence, terrorism, and sabotage. The solution also includes a life protection element which ensures that support is available for our lady clientele and their beneficiaries in case of life’s uncertainties. These thoughtful features ensure that women not only feel safe behind the wheel but also gain peace of mind in their everyday lives.
Kingdom Bank Managing Director, Anthony Mburu, stated, “We are excited to introduce the Faidi Dada Motor Cover as an extension of our commitment to empower women and transform communities. This product is more than just motor insurance, it is a well thought-out tool to assist women to thrive in all aspects of their lives, from financial management to personal safety and security.”
Jocelynn Tumwet, Head of Actuarial at Cannon Group, emphasized, “As an insurer with nearly 60 years of excellence, we are proud to partner with Kingdom Bank on Faidi Dada Motor Cover to help women feel more secure and confident, both behind the wheel and in their everyday lives.”
The launch of the Faidi Dada Motor Cover reinforces the ongoing commitment by Kingdom Bank to drive positive social change and promote financial inclusion for women.
