Bima Bora

So, let's be real. Life insurance isn't exactly a fun topic, is it? Especially for couples. You know how it goes: one person's thinking "responsible planning," and the other's thinking, "Do we really need to spend money on that?" It's a common thing, and often, it's the wives who are hesitant. Think about it. We're busy, life's moving fast, and nobody wants to picture the worst. Plus, those premiums? They can feel like a squeeze, especially when things are going smoothly. But here's the thing: those "what ifs" don't disappear just because we ignore them. Why do Wives hesitate? • It feels like an unnecessary expense - Yeah, I get it. When you're juggling rent, groceries, and maybe a kid or two, adding another expense feels like a punch in the gut. But imagine, just for a second, if the main income suddenly disappeared. Those bills? They don't magically vanish. • Talking about death is uncomfortable - It'...

Okay, Real Talk: Insurance? Yeah, You Need It (Even If You're Rolling Your Eyes) Look, I know what you're thinking. "Insurance? Seriously? I'm living my best life, not planning my funeral." But trust me on this, it's not as boring or morbid as it sounds. Here's the lowdown, straight up: 1. "Adulting" Pro-Tip: Save Money While You're Young     • Think of it like this: insurance is like buying concert tickets early. Cheaper now, way more expensive (or sold out!) later.     • You're young, you're healthy. That's your superpower. Use it to lock in those sweet, low rates.     • Seriously, future you will thank you. 2.  It's Not Just a "Goodbye" Fund      • Forget the old-school image of insurance. Some plans are basically a secret savings hack.      • Want to travel the world? Start a side hustle? Get that dream car? Insurance can help you stash cash and make it happen.      • It's like a forced savings account, ...

Would Your Family’s Lifestyle Change  If You Died Today? Have you ever stopped to really think about it? Not just the emotional side, which is huge, but the practical stuff. Like, what happens to your family's *life* if you weren't here tomorrow? Would they keep going, maybe even thrive? Or would things crumble? I know, it's not a fun thought. But honestly, it's one we all need to have. Because let's face it, life throws curveballs. Why Does It All Fall Apart? (And Why It Doesn't Have To) It's not about pointing fingers; it's about understanding. Here's what usually happens: • The paycheck stops: That steady flow of money? Gone. And suddenly, everything feels shaky. • Bills don't care: Loans, rent, those pesky credit cards? They don't disappear just because you do. • Funerals aren't cheap: And neither are those last medical bills. They can wipe out whatever little savings you had. • No safety net: If you haven't saved or invested, the...

We've all been there: a sad announcement, then the flurry of a new WhatsApp group. "Please contribute for So and So's funeral. It's a knee-jerk reaction, and it comes from a good place. But let's think about it: is it really the best way?   The Cold, Hard Truth About Funeral Costs • Funerals aren't cheap. From caskets to catering, it adds up faster than you think. • When you're grieving, money should be the last thing on your mind.        Why WhatsApp Groups Fall Short 1. Unpredictable : You're relying on the generosity of others. What if not enough people donate? 2. Donor fatigue : People get asked to contribute to so many things. It gets tiring. 3. Social pressure : "Do I have to donate?" It creates awkward situations. 4. Administrative headache : Keeping track of donations is a nightmare when you're already stressed. 5. Community strain: The same group of people are consistently asked to give, and this places a high economic strain on...

Imagine this, you have a money-saving jar at home where you put some cash every month. One day, something unexpected happens, and your family needs money. But instead of struggling, they can break open the jar and find enough to keep going. That’s exactly what life insurance does, only on a much bigger and more reliable scale.   What Is Life Insurance? Through life insurance people create an assurance system to deliver monetary payments if death occurs. You pay small regular amounts known as premiums to the insurance company which will provide your family with larger money benefits if you pass away.  Why Is Life Insurance Important? Think of it as a safety net: Having dependency obligations such as caring for parents, spouse, children or siblings necessitates life insurance to provide financial support for survivors after your passing. It can be used for: ✅ Paying bills and daily expenses   ✅ Settling loans and debts   ✅ Covering school fees for your c...

Insurance Basics : 5 Terms Every Person Should Know Did you know that insurance penetration in Kenya was only 2.34% in 2021, according to the Association of Kenya Insurers (AKI)? This low uptake suggests many people still don’t fully understand the benefits of insurance—or how to get started. Key Terms: Premium - The amount you pay (monthly, quarterly, or annually) to maintain your insurance coverage. • A lower premium often means less coverage, while a higher premium might offer more benefits or lower out-of-pocket costs in the event of a claim. Sum Assured - The maximum amount an insurer will pay out if you file a valid claim. • Ensuring you have adequate coverage protects you and your loved ones from financial strain in emergencies. Policy Term - The duration for which your policy is valid. It could be a fixed term (e.g., 10 or 20 years for endowment policies) or open-ended for some health or life insurance plans. • A longer policy term may offer benefits like savings or bonuses,...