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:
- Policy loans –the policyholder is eligible for a loan after 2 years. The maximum
loan amount shall be 50% of the fund value.
- 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.
