Wealth Builder Plan

Our WealthBuilder Plan provides financial growth and protection to you and your loved ones. The policy is designed to;

  • Enable one to have a life cover in case of unforeseen death; and
  • Provide a wealth accumulation vehicle with competitive returns.

  • Who is eligible to take this cover?

    The cover is for persons aged between 18 and 70 years with a maximum age at maturity of 80 years.

    What are the allowed policy periods?

    The policy term ranges from 10 to 20 years.

    What are the product benefits?

    1. Survival Benefits

    100% of Accumulated Fund Value at Maturity.

    2. Death Benefit

    100% of Accumulated Fund Value and 100% of Sum Assured in case of death within policy term.

    How does the plan work?

    One can decide to either make a Single premium deposit or Annual premium deposits for a maximum of 5 years subject to a minimum single deposit of Kshs.250,000 or annual premium deposit of Kshs.50,000 per annum. Ad-hoc top-ups are allowable at any point during the term of the policy.

    How much life cover will i get?

    The Life Cover is equivalent to 50% of the single premium payment or 2.5 times of the elected yearly installments subject to maximum cover of Kes. 1,000,000 per policy. Once the sum assured of Kes 1,000,000 has been attained, additional policies will be subject to sum assured of Kes. 100,000 each. Aggregate sum assured for all policies shall be capped at Kes. 10,000,000

    Does the plan have any additional benefits?

    Yes, the plan has additional benefits as listed below:
    1. Policy loans –the policyholder is eligible for a loan after 2 years. The maximum loan amount shall be 50% of the fund value.
    2. Tax Relief of 15% on premiums to a maximum of KShs. 60,000 per annum.

    Can I terminate the policy before the end of the term of the policy?

    Yes, you can. Early cancellation / withdrawal of the policy is allowed only after 2 years but subject to fund realisation charges and any applicable cancellation/withdrawal processing fee.

    If you are interested in learning how much this insurance product would cost you, or if you are interested in purchasing this insurance product, please click Get Cover.

    If you would like further explanation or assistance about this insurance product, please click I Need Assistance.