Linda Salo is a new product that covers you in the event of an individual losing their job through retrenchment or downsizing. The cover is available to individuals aged between 18 and 70 at entry.
The cover will be renewable every year.
The cover will be sold to employees brought together by their unions.
The cover will provide the following benefits:
- Funeral Expense : in the event of death of the insured employee due to an accident or illness, a lump sum benefit of KShs 10,000 up to a maximum of KShs 100,000 will be paid.
- Retrenchment On unexpected retrenchment, the benefit chosen will be broken down in 3 equal Monthly Installments. The maximum payable Benefit ranges from KShs 15,000 to Kshs 150,000 per year.
- Hospitalisation benefit: In the event the insured is hospitalized for more than 3 days, this cover will pay 50% of the hospitalization benefit per admission for a maximum of two hospitalisations in a year. Benefits range from KShs 2,000 to Kshs 20,000 per year.