Finance & Investment Technology & Gadgets

How to Pay CIC Insurance and Asset Management via MPesa in 2024: A Step-by-Step Guide

CIC Group

With mobile payments dominating Kenya’s financial landscape, MPesa is a leading platform for settling bills, including insurance premiums and asset management fees. This article outlines the updated MPesa payment process for CIC Insurance and Asset Management, ensuring that your payments are properly credited while maintaining data privacy in line with the Data Protection Act.

1. CIC Life Assurance

For Ordinary Life and Pension policies, you can use MPesa Paybill services to ensure timely payments.

  • Ordinary Life Policies:
    • Paybill Number: 600111, 600114, or 600124.
    • Account Number: Use your policy number, including the backslash “/”.
  • Pension:
    • Paybill Number: 600113.
    • Account Number: Enter your member number (e.g., JPP000123).

2. CIC General Insurance

For general insurance policies, different account formats apply based on whether it’s motor or non-motor.

  • Motor Insurance:
    • Paybill Number: 600112.
    • Account Number: Enter your vehicle registration number (e.g., KCV072Y).
  • Non-Motor Insurance:
    • Paybill Number: 600112.
    • Account Number: Enter your policy number without any backslashes (e.g., 010911000070201903).

3. CIC Medical Insurance

Paying for medical insurance policies is just as seamless, with options for both corporate and individual clients.

  • Corporate Clients:
    • Paybill Number: 600116.
    • Account Number: Enter the client’s name and scheme name (e.g., Anne Muthoni & KESHA).
  • Individual Clients:
    • Paybill Number: 600116.
    • Account Number: Enter the client’s name followed by “/MED” (e.g., Anne Muthoni / MED).

4. CIC Asset Management

If you’re an investor in CIC’s asset management services, the payment process is straightforward.

  • Paybill Number: 600118.
    • Account Number: Enter your member number.

Important Reminders

Before making any payment, it’s crucial to ensure you have the correct details, especially the account numbers specific to your insurance type or asset management policy. Should you need assistance, contact CIC through their available channels:

Following this MPesa payment guide ensures that your transactions are processed without hassle, keeping your account updated and in compliance with the latest privacy standards.