Parents from the Gusii community have been educated on the importance of taking advantage of the insurance industry's education policy cover to save for their children's school fees instead of struggling to acquire loans from financial institutions which charge them exorbitant interest rates.
Britam Insurance's Kisii branch manager Moses Nyamweya has encouraged parents from the region to exploit the education programmes offered by his company to save gradually for their children's future school fees needs.
Speaking on Friday at Mwamba Mixed Primary School in the outskirts of Kisii town, Nyamweya warned parents against rushing for loans from village credit schemes and other financial lenders which he regretted overcharged them through the imposition of high interest rates which impoverish them before their children completed their education.
"I am encouraging parents to take advantage of Britam's friendly education policy premiums and start saving gradually for their children's future school fees needs instead of rushing for expensive loans from institutions which capitalise on their last minute desperation for cash to exploit them," stated Nyamweya.
Nyamweya observed that his company's education policy programme was important for parents as it encourages them to start saving early for their future school fees needs instead of waiting until their children passed their national examinations for them to start planning for their school fees under pressure.