How insurance works
Many people pay a little so a few aren’t ruined
The story
In this example, 100 boda boda riders each pay KES 2,000 a year into a shared pool. If a rider’s bike is badly damaged, the pool pays for repairs.
The big idea
Insurance words: the premium is what you pay regularly. A claim is when you ask for a payout. The excess is the part you pay yourself before insurance pays the rest.
Ask at home
Talk about one kind of insurance your family has, what it covers and why you chose it.
The full lesson, with its questions and Kesho Stars, is in the myKesho kids app.
Ready for tomorrow.
Start this week. Their first payday can be this Friday.
Free. Sign up with your email. No card, M‑Pesa or bank details needed.