GA Insurance Limited has announced the introduction of GA Eco Drive Cover in Kenya. This comprehensive insurance product is tailored exclusively for electric vehicles, including E-bikes, and is set to address the unique risks faced by the emerging E-Mobility ecosystem in Kenya.
The adoption of electric vehicles in Kenya has been steadily rising, with a remarkable 108% increase in electric vehicle sales during the 2022-2023 financial year. In alignment with the Government of Kenya’s plans, which aim to have 5% of registered vehicles as EVs by 2025, GA Insurance’s innovative product comes at a crucial time.
One of the standout features of the GA Eco Drive Cover is its distinction as one of the world’s first insurance products to achieve Carbon Neutral Certification status. The product underwent rigorous assessment by independent experts and relies on high-quality Carbon Credits sourced from projects within Kenya. This not only emphasizes GA’s commitment to local communities but also aligns with Kenya’s National Determined Contribution (NDC) target of reducing greenhouse gas emissions by 32% by 2030.
In line with the global theme of sustainability, the GA Eco Drive Cover represents a bold step in the insurance industry. It embraces the principles of the UNEP FI Principles for Sustainable Insurance and contributes to the UN Sustainable Development Goals, fostering further dialogue and cooperation among key stakeholders.
Key Features and Benefits of GA Eco Drive Insurance Cover
- Battery Cover: Covers the cost of repairing or replacing the battery in case of theft or accidental damage.
- Charging Cable Cover: Protects charging cables from theft or accidental damage.
- Cover for Private Charging Stations: Safeguards charging stations against unexpected damage or theft.
- Out of Charge Recovery Benefit: Assists in getting the customer to the nearest charging point if the vehicle runs out of charge.
- Autonomous Driving Cover: Provides coverage for accidents occurring while using self-driving features.
- Cyber Attack Coverage: Protects against online threats that may cause damage while using self-driving features.
- In-car Entertainment Unit and Satellite Navigation Systems Cover: Facilitates settlement in case of theft or accidents involving these components.
- Cover for Injury and Damage Caused by Charging Cables: Covers damage caused by charging cables to third-party individuals or property.
Addressing Questions and Concerns
What is the pricing structure for the GA Eco Drive Insurance Cover? Are there any special considerations or discounts for early adopters of electric vehicles?
The pricing for the GA Eco Drive Cover is standard, but we encourage clients to share their risk details to provide tailor-made quotes. Risks vary for different vehicle types, such as buses, cars, app-hailing, motorcycles, bicycles, and scooters. Our focus is on highlighting the benefits offered by the product.
How does GA Insurance plan to educate consumers about the importance of electric vehicle insurance and the unique risks associated with electric mobility?
We are actively engaging with e-mobility stakeholders and forming partnerships to raise awareness. Additionally, we plan to conduct extensive sensitization campaigns through digital content and articles.
In the event of a claim, how does GA Insurance handle the claims process for the GA Eco Drive Cover? Are there any specific partners or service providers involved in this process?
Upon receiving complete documentation and claim approval, we collaborate with vendors in the E-mobility sector, leveraging their technical expertise and ready spare parts. This ensures a seamless claims process.
What kind of support or assistance can customers expect from GA Insurance if they decide to switch to an electric vehicle or encounter any issues related to electric mobility while insured under this policy?
We promise our customers a seamless experience, from onboarding to claims processing, with a dedicated team that includes e-mobility specialists. We guarantee the best service for electric vehicles, understanding the associated risks and leveraging that knowledge to offer a pure electric vehicle insurance product.
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