Frequently Asked Questions
Have Questions? We Have Answers.
Find answers to the most common questions about Bima Kwik. Organized by category for your convenience.
Categories
General Information
Bima Kwik is a digital insurance platform that provides a single point of access for insurance products. Customers can buy, renew, and claim insurance online.
Yes. Bima Kwik operates under a license from the Insurance Regulator of Tanzania (TIRA) and complies with the Personal Data Protection Act.
For Customers
Log in, go to "Products," browse or compare policies, select one, provide required information, make payment, and download your policy instantly.
Mobile money (M-Pesa, Tigo Pesa, Airtel Money), bank cards (Visa, Mastercard), bank transfer, and Bima Kwik wallet.
Bima Kwik facilitates end-to-end claims notifications. Customers or referrers can initiate a claim notification directly through the mobile app or web portal, which is then instantly communicated to the relevant insurance company for processing.
Financial Inclusion
We provide social protection through customized insurance products for community groups, individuals, and businesses that were previously excluded. We use a revenue-sharing model that empowers women, youth, SMEs, and disabled individuals by allowing them to earn commissions as referrers.
Insurance penetration in Africa is currently less than 3%. Bima Kwik aims to solve this by changing the perception of insurance from an "expense" to an "investment" or "business opportunity," leveraging a salesforce of SMEs to increase adoption.
Business Models
We offer three main sales options:
- Outright Purchase: Full purchase of the Bima Kwik core system.
- White Labeling: Using our platform with your branding on a commission basis.
- Bima Kwik Brand: Access to the system as it is under the Bima Kwik brand.
Our revenue channels include:
- Commissions on insurance premiums.
- One-time fees for white-label platform deployments.
- Annual platform support and maintenance fees.
Still have questions?
Can't find the answer you're looking for? Please chat with our friendly team.