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The Standard Group Plc is a
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influence in matters of national and international interest.
By GEOFFREY NJENGA
KENYA: The gurus in insurance business define insurance as a risk transfer mechanism. This means that on payment of some little money (premium), the insurance company promises to pay your claim should the loss actually occur. The expectation is that the insurance company would respond quickly and efficiently with the payment so as to alleviate your pain and inconvenience.
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