Below is a list of companies with the best life insurance cover in Kenya:
Old Mutual
What’s in it for you?
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- You can get a minimum cover of KES 1 Million, there is no maximum cover limit
- Your loved ones will receive a lump sum amount to cater for their well being in your absence
- A premium waiver on disability and/or death where the payer is different from life assured
- You will also be able to select the affordable premium amount dependent on the desired cover limit
- Premium payment payable until age of 80 years
- The cover entitles you to insurance tax relief worth 15% of your premium contribution
How do I apply?
You can easily get a quote and then request for a call back below. One of our financial advisors will contact you and guide you through the application process.
What’s excluded from the cover?
Unfortunately, we don’t cover death accelerated by or as a result of suicide or violation of criminal law. More details on the exclusions are provided in the contract document.
Who is eligible for the cover?
It’s suitable for all lives between the ages of 18 and 65 years old.
APA Insurance
Life Cover (Term Assurance)
This policy has been designed to enable one to have a pure life cover that can be used as security on a loan.
This policy can be used by an organization that needs to offer a life cover to the key persons in the company, such that in the event of the death of the key person, the company is compensated.
This policy provides an inheritance for dependents.
The premium will be payable for the policy term selected (capped at 20 years) or until the death of the life assured if it occurs within the term.
The minimum and maximum ages at entry are 18 years and 70 years respectively. The maximum maturity age is 75 years.
What are riders and why should I take them?
Riders are benefits that come as compliments to your plan and offer additional benefits to you at a relatively low cost. The riders include:
Accidental Death Benefit – Where an additional amount equal to the sum assured will be paid if you die as a result of an accident.
Total & Permanent Disability – Where an amount equal to the sum assured will be paid to you over as a lump sum subject to a deferment period of 6 months if you become disabled as a result of an accident or illness.
Waiver of Premiums – In the event that you become totally and permanently disabled, all future premiums will be waived and the policy will remain in force.
Accident hospitalisation Benefit –In the event that you or the beneficiary child are hospitalized as a result of an accident, APA would reimburse the inpatient medical costs incurred, subject to 60% of the policy sum assured to a maximum of KShs. 500,000.
Retrenchment Rider – This rider enables the life assured keep the policy in force in the event that he/she is retrenched during the period of the policy. The cover allows you to include all members of your nuclear family together with your parents and parents-in-law and provide peace of mind thanks to APA pumzisha cover.
Product Specification
- a) Premiums
- Life assured’s age.
- Frequency of premium payment.
- level of cover selected.
- Term of the policy.
The premiums can be paid on a monthly, quarterly, semi-annually, or annually and the modes of payment include Standing Order, Cheque, Direct Debit Authority, M-Pesa or Salary Check-off.
- b) Policy Terms
- The policy term ranges from 5 to 20 years.
- Premium will be payable for the policy term selected or until the death of the life assured if it occurs within the term of the policy.
Our main products features include:
Survival Benefits
Option 1:On survival to the life assured to the end of the selected term, 15% of the premiums paid will be paid.
Death Benefits
100% of the sum assured.
Rider Benefits
On payment of additional premium, the following rider benefits are available;
- Total and Permanent Disability
On total and permanent disability due to an accident, an amount equal to the basic sum assured will become payable as a lump sum subject to a deferment period of 6 months from the date of the accident. The disability referred to must be such that there is neither then or at any time thereafter any work, occupation or profession that the life assured can do to earn or obtain wages, compensation or profit.
- Accidental Death
On death, due to an accident, an amount equal to the basic sum assured will become payable. This is in addition to the main benefit.
- Waiver of Premium
All future premiums will be waived following total permanent disability due to accident or illness.
- Medical Reimbursement Rider
In case of an accident leading to the injury and hospitalization of the life assured, the in-patient medical expenses incurred will be reimbursed subject to a maximum of 60% of the policy sum assured but not exceeding Kes. 500,000/-.
- Critical Illness rider
In the event of first diagnosis of a specified critical illness, an amount equal to 50% of the sum assured is payable to the life assured up to a maximum of Kes. 5,000,000. Includes: Cancer, Stroke, Heart Attack, Kidney Failure, Paraplegia or Paralysis, Coronary, Artery Disease, Major Organ Transplant, e.g. Kidney transplant.
- Retrenchment rider
In the event of loss of employment due to adverse business conditions e.g. introduction of new technology or re-organization of the business by the employer, future premiums will be waived off up to a maximum of 6 monthly instalments. This will cease if the assured secures employment before the end of 6 months.
Additional benefits :
Paid Up and Surrender
The policy does not acquire a surrender or paid-up value.
ABSA Bank
Ultimate Protector Plan
The plan offers a whole of life cover for death whether accidental or non-accidental. It also offers accidental and non-accidental disability cover, critical illness, and accidental hospitalisation.
Double accidental benefit
Should death resulting from accidental causes occur after the first 12 months of cover and below 65 years, an amount equal to 200% of the sum assured will be paid to the nominated beneficiaries.
Cashback
At the end of every 3-year cycle, the policyholder will receive half of the first year’s premiums back in cash.
Critical illness
30% of current sum assured up to a maximum of KES 3M for critical illness.
What can you expect?
Variety of premium paying frequency option: Monthly, Quarterly, Semi-Annual, Annual with discounts.
Policy holder can choose sum assured from 500K to 10M with inflation increase option.
Premium Waiver to policyholders above the age of 65 years whose plan has been in force for a period of at least ten (10) years.
To know more about this plan:
SMS – “Ultimate Protector” to 20114
Call – 020 420 9000 or 0711 095 000
Email – AbsaLifeKenya@absa.africa
Jubilee Insurance
The death of a loved one is undoubtedly traumatic. The Whole Life cover gives you the assurance that in the event of death, your family’s financial needs will be taken care of.
Our product has two options:
1. Whole life with an investment:
The investment grows in a pre-determined fixed manner as described in the policy benefits i.e. the fixed sum assured is payable at maturity. In addition, a bonus is accumulated annually based on a declared bonus rate. The accumulated bonus is paid at the end of the premium term of the policy or on death of the life assured.
2. Whole life without an investment, offering pure life cover:
In addition, the policy has optional benefits such as accidental death cover, accidental hospitalisation & waiver of premium which can be taken up with the policy.
Why get the Whole Life Cover?
- The sum assured is provided for as a lump sum at the time of death.
- It also allows for a single premium to protect the policyholder against the possibility of policy lapse due to nonpayment of premium.
- The policy will remain in force if you are a live and making the scheduled premium payments.
Key Benefits
Monthly, quarterly, biannual and annual premium payment periods, as well as limited term payment options of 10, 15, 20, 25 and 30 years as well as premiums payable throughout your lifetime
Flexible premium payment methods e.g., salary stop order, direct debit, M-PESA, bankers order, cash, cheque, card payment and EFT.
The policy allows for policy loans borrowed against the cash value of your policy. Loans and interest that remain unpaid will be deductible during surrender or death.
Monthly, quarterly, biannual and annual premium payment periods, as well as limited term payment options of 10, 15, 20, 25 and 30 years as well as premiums payable throughout your lifetime
Flexible premium payment methods e.g., salary stop order, direct debit, M-PESA, bankers order, cash, cheque, card payment and EFT.
The policy allows for policy loans borrowed against the cash value of your policy. Loans and interest that remain unpaid will be deductible during surrender or death.
Is there a minimum or a maximum sum assured?
The minimum sum assured is KES 200,000. There is no maximum sum assured.
What are the age limits for the Life Assured within the Whole Life Cover?
The minimum age at entry is 18 years and the maximum age at entry is 65 years.
APA Group Life Insurance
Group Life insurance is a benefit offered by an employer or an aggregator of diverse segments of the population for reasons other than insurance (like an association or labour organization) to its workers or members. Such organizations are called the sponsor of the group life scheme. Group life insurance is typically offered as part of employee / membership benefit package.
Ideally the cover will cost each individual worker or member much less than if they had to purchase an individual policy. Those receiving coverage do not have to pay anything “out of pocket” for the Group Life policy benefits if the employer or the group to which they belong provides this as a benefit. However, members of the group or employees may pay directly through salary or annual subscriptions if the employer or the group plays the role of a facilitator only. Usually a minimum number of employees or members are prescribed for the team to qualify as a group for the purpose of taking a group life cover.
What is covered under the Group life policy have?
Death Benefits:
This benefit is payable on death from illness (natural causes) or accidental. The amount payable, called the sum assured, is either a fixed sum for all members in a particular category as predetermined by the sponsor or is determined as a multiple of the annual salary as set by the sponsor. The benefit is normally paid out as a lump sum to either the sponsor or the designated beneficiaries of the deceased employee / member.
Last expense:
This is normally taken as an additional benefit to help facilitate the disposal of the mortal remains of the deceased member. The benefit amount ranges between Kshs. 30,000 and Kshs. 200,000/- either as a separate cover or as acceleration (advance payment) of part of the full death benefit described above. Customarily, this benefit is paid within 48hours of receipt of written notification of the death.
Credit Life Assurance& Sacco loan protection:
Group life plans are also used to provide cover to redeem the outstanding loan balances in the event of premature death or disability of the borrower. This cover can be renewed every year (annually renewable) or provided at the onset of the loan agreement for the entire term of the loan (single premium option). All lenders with a minimum of 10 borrowers including financial institutions and Sacco’s qualify for this cover.
Mortgage Protection:
Group life schemes offer mortgage protection arranged on a yearly renewable or single premium basis for lenders to specifically protect the families of the deceased mortgagor from the risk of the lender reselling their home in the event of the untimely death or disability of the breadwinner. This cover provides the same benefit as for credit life.
What are the age limits for the Group Life Assured plan?
The minimum age at entry is 18 years while the maximum age at entry is 65. Beyond the age of 70 years, renewal for the respective member is reviewed individually.
What are riders and why should I take them?
Riders are benefits that complement your plan and offer additional benefits at a relatively low cost. The riders include:
Total and Permanent Disability:
Where an amount equal to the death benefit sum assured will be paid to you in the event that you become permanently and totally disabled as a result of illness or accident.
Critical Illness:
If a member contracts a specified critical illness for the time (the first diagnosis). The specified illnesses are cancer, kidney failure, Paraplegia, heart attack for the first time in their life, Stroke, Coronary artery bypass surgery and major organ transplant. 30% of the accepted group life sum assured subject to an upper limit range of between Kshs. 1 to Kshs. 12 million will be payable. On subsequent death 70% or 100% will be payable to the next of kin depending on whether the benefit is stand-alone or accelerated.
Group Disability Income Insurance:
This rider Compensates for lost income during the disability period. The employer chooses the maximum period for disability benefit payment either 2years, 5years or up to normal retirement age.
Temporary Total Disability:
This benefit is payable if a member becomes wholly but temporarily incapacitated by bodily injury following his usual occupation hence unable to earn an income. The benefit payable is the actual weekly earnings for periods ranging between 1 to 2 years.
Medical Reimbursement:
This rider compensates for medical bills spent by the insured up to the agreed limit.
Pioneer Insurance
What is offered
Whole life
Whole Life insurance is an essential part of financial planning, providing peace of mind in knowing that your loved ones will be taken care of financially in case of your untimely death. Pioneer Whole Life is a policy that not only provides a benefit to your beneficiaries in case of your untimely demise, but also offers survival benefits should you live to a certain age. This makes it an excellent product for those who want to be prepared for any eventuality. • Full sum assured payable on untimely demise
• Full sum assured payable on attaining age 80
• 5% of the sum assured annually (between age 60 – 80)
Benefits at Glance
Full sum assured payable on untimely demise
Full sum assured payable on untimely demise
5% of the sum assured annually (between age 60 – 80)
Liberty Insurance
4 reasons to choose HeriAfya Medical Cover.
- Extensive coverage: We offer one of the highest cover limits for outpatient services
- Customisable packages: Pick and choose what coverage you want and the limits for each family member
- Child dependant coverage: Cover your kids from ages 38 weeks to up to 23 years
Why HeriAfya is ideal for you and your family
- Broad Coverage: This plan provides you with extensive & highest coverage including inpatient services, outpatient, maternity, dental & optical from Kes 10,000 to Kes 10,000,000
- Flexibility: Tailor-make your insurance package with a choice of different limits for every family member
- Access: Gain access to our comprehensive healthcare network featuring specialists, friendly hospital and specialist rates, telehealth and drug delivery services
Benefits of HeriAfya
- Extensive Coverage: HeriAfya health insurance extends coverage to medical costs for all family members, encompassing hospitalization, surgical procedures, pharmaceuticals, and diagnostic examinations.
- Financial Security: HeriAfya ensures protection against unforeseen medical expenses, averting potential financial strain on families during emergencies.
- Preventative Healthcare: Inclusive services encompass preventive measures such as routine check-ups, immunizations, and screenings, promoting early identification and management of health conditions.
- Peace of Mind: Offering assurance that loved ones are covered, HeriAfya grants tranquility, freeing individuals from concerns about potential healthcare-related financial burdens.
- Access to Superior Medical Services: Through HeriAfya’s network, families gain access to esteemed healthcare providers and specialized practitioners, guaranteeing prompt and high-quality care without prolonged waiting periods.
- Coverage for Severe Ailments: HeriAfya’s policies encompass critical illnesses such as cancer and cardiovascular diseases, ensuring access to specialized treatments and interventions.
- Flexibility and Personalization: HeriAfya offers adaptable plans that can be tailored to meet specific needs and financial constraints, accommodating varying preferences regarding coverage levels and deductible amounts.
Selection for outpatient cover
One can pick the inpatient benefit alone. However, they will not have an option of taking up the outpatient benefit alone. Also, to enjoy maternity benefits one must take up inpatient benefits for at least 1 year. Dental or optical benefits may be taken up with the outpatient benefit.
What about waiting periods?
- 30-day general waiting period unless in case of hospitalization from an accident which will be treated from inception.
- Treatment of pre-existing and chronic conditions will not be covered for twelve (12) months starting from the policy commencement date.
- Treatment of major diseases (cancer, kidney dialysis, and organ transplants) will not be covered for twenty-four (24) months starting from the policy commencement date.
- A ten (10) month waiting period for maternity and gynecological surgery.
- A six (6) months waiting period for non-accidental dental surgery and optical surgery.
- A thirty-six (36) month waiting period for Illness related reconstructive/plastic surgery
What are the exclusions?
- Cosmetic treatments and plastic surgery.
- Prescribed alternative medicines including but not limited to homeopathy, acupuncture, Chinese medicine, reflexology, aromatherapy, patent medicines, and household remedies.
- Services or treatment in any home, spa, hydro-clinic, sanatorium, step-down facility, hospice, private nursing/home care (unless pre-authorized by us), frail care or long-term care facility that is not a Hospital as defined.
- Tests or treatment related to infertility, contraception, impotence, or sexual dysfunction.
- Termination of pregnancy unless authorized by a registered medical practitioner when the life of a mother is at risk.
- Treatment by the Insured Person himself or family member or spouse.
- All costs relating to cornea, muscular, skeletal or human organ or tissuetransplant from a donor to a recipient and all expenses directly or indirectly related to organ transplantation (except as defined under the Organ Transplant Benefit).
- Treatment of self-inflicted injury, suicide or attempted suicide, abuse of alcohol and drug addiction or abuse unless where related to mental illness.
- Experimental or pioneering medical and surgical techniques not commonly available
- Injury or illness while serving as a full-time member of a police or military unit
- Travel costs or non-medical costs (except where stated in the benefit table).
- Vaccinations such as travel vaccinations, flu vaccinations, epidemics and pandemics
- Dentures, inlays, crowns, bridges, periodontal treatment and orthodontic treatment.
- Replacement of eye glasses due to damage, breakage or loss
- Repair of eye glasses; Anabolic steroids and testosterone; Autopsies; Humidifiers; Medicated shampoos and conditioners, Unregistered medicines; Massages; Multivitamins and tonics; Treatment for Obesity; Sleep studies;
- Slimming preparations; Soaps, scrubs and other cleansers; Sunglasses, readers, contact lenses and contact lens preparations; Sun screening and sun tanning preparations; Toiletries; Treatment for hair removal; Search and rescue;
- Dental implants; Refractive eye surgery or laser eye treatment; Photophobia and photo chromatic lenses
- Food and nutritional supplements, including baby food and special milk preparations
- Anti-smoking preparations; Hearing aids, glucometers and blood pressure machines
- Expenses incurred directly or indirectly as a result of an Insured Person being involved in professional and dangerous sports including but not limited to motorcycling, rugby, football, skydiving, mountaineering, water sports etc
- Treatment for learning difficulties, development, and behavioral problems in children.
Sanlam
Corporate Life Insurance
Group Life Assurance
This group term assurance policy is offered to employers for the benefit of family/dependants of an employee who dies in the line of duty, is permanently and totally disabled, temporarily disabled and/or has critical illness.
The policy guarantees to pay a lump sum usually calculated as a multiple of the salary of an employee or an agreed fixed sum. For convenience and ease of administration of the scheme we try to minimise the number of documents and forms to be completed and submitted by the client.
- Group Proposal Form. This is completed once by the policy holder
- A schedule of details of the persons to be covered. The schedule should have the following details:
- The names
- Dates of birth
- Identification number
- Salary (monthly or annual)
Upon receipt of the group proposal form, the member’s schedule, premium and policy document will be issued. Sanlam offers very completive premium rates through careful risk assessment and negotiations with clients based on their needs. The premium is payable annually in advance. However, medical evidence of insurability is required for all the sums assured, which are above free cover limit, and the examination is usually carried out by any of the medical examination service providers on our panel.
To claim you will need:
- Benefits claim notification letter
- Original death certificate in case of benefits claim by death
- Certified copy of National ID card of the deceased
The benefit due will be determined and a “Discharge Form” for execution and return by the policy holder will be issued. Upon receipt of the signed discharge form settlement will be made within three days.
Major Riders on Group Life
- Disability cover
This rider is optional. The benefit is payable in the event of the policy holder becoming totally and permanently disabled due to an accident or illness and is unable to perform his/her usual occupation. The benefit is paid based on the continental scale. - Critical illness
This rider is optional and pays 30% of the Group Life Benefit, up to a specified maximum, upon diagnosis of a terminal illness as specified in the policy document. - Last Expense
This rider is optional and is payable within 48 hours of notification of death. It can pay up to KSh200 000. The payment is made to the beneficiaries of the policy holder in the event of untimely demise, to take care of funeral expenses.
Group Last Expense
With Group Last Expense we offer your employees affordable insurance to cover all their funeral expenses.
For membership, it takes 20 members with an upper limit of age next birthday as 65 years. Spouse(s), children and parents of members can be included into the scheme as dependants however, dependent children ought to be between 1 and 18 years—cover can sometimes extend to 21 years of age if the dependant is still in school.
Application requirements
- The group must be a registered society either with the Registrar of Societies or by the relevant Government Ministry
- We’ll require the group to complete and submit a group proposal form upon receipt of which we shall issue the policy document to them
- Individual members will not be required to complete proposal forms. They must submit the list of members proposed for cover and their dependants where applicable
- We’ll require identification documents of the members, e.g. a copy of the ID card, copy of passport and birth certificates for children
- Newly recruited members of the group can join the scheme at any time during the year upon which we shall be advised to include them in to the scheme
- The group will provide us with their names and we will in turn advise them of the proportionate premium payable in respect of the new entrants
- There is a six-month waiting period (from the date of commencement of the policy) within which claims arising out of death as a result of sickness are excluded. The waiting period will also apply on any new entrant from the date they are admitted as members of the scheme
- There is no waiting period for death caused by accident. This clause does not apply on policies taken out by corporate organisations.
- The premium rates are negotiable and once agreed, the premium should be paid in advance at the commencement of cover
- The subsequent premiums will be calculated at the renewal date, subject to any changes within the group, claims experience or changes made by the company
- It is upon the group to decide on the level of cover per member. The level decided upon shall be uniform for all the adult members of the scheme. However, the cover for dependent children can either be the same as that of adults or half of that of adult members, in which case the decided level of cover shall apply uniformly to all children under the scheme
- The minimum benefit a group can take is KSh30 000 and the maximum is KSh200 000. However, the maximum level of cover for children is limited to KSh100 000
Claims
- The group will require
- a death notification form
- a burial permit
- a copy of the National identity card of the deceased
- a letter from the doctor certifying death
- a mortuary acceptance certificate
- The claims will be paid within 48 working hours on receipt of all the requirements.
- For a member with dependants, the cover for the dependants continue until the expiry of the underwriting year in which death occurred.
Individual Life Insurance
Sanlam Life Insurance offers assurance that your family/dependents are financially secure no matter what. We can also assist you with saving for that social event, vacation or your child’s education.
Flexi Hela
Flexi Hela is a flexible savings solution that allows you to save while benefitting from life cover for you and your family. It has an open-ended term so you can enjoy the benefits and continue to save as long as your policy is active.
Product features
Savings contributions
You can choose to invest any amount, which will grow at the declared interest rate. You can make changes to your contribution anytime.
Life cover
A maximum number of 11 lives (of several types) can be covered on the policy. Children under 10 will be covered for a maximum of KSh 100,000.
Waiting period
A six-month waiting period will apply after the start date of the policy, or after any kind of alterations are made.
Loans
No loans will be allowed under this policy.
Product features
Savings contributions
You can choose to invest any amount, which will grow at the declared interest rate. You can make changes to your savings contribution anytime you want. Your savings contributions will grow at the declared interest rate over time. You are allowed to withdraw any amount up to the full value of your savings at any time, and there are no penalties for such withdrawals.
The interest that you earn on your savings balance will be the prevailing interest rate determined by us, from time to time during the life of this policy, and is subject to change. Changes in the interest rate will only affect the future growth of your savings.
Life cover
The lives that you can cover on the policy are shown below.
| Life type | Max cover per life | Age when policy starts | |
| Minimum | Maximum | ||
| Principal life | KSh 500,000 | 18 | 85 |
| Spouse | KSh 500,000 | 18 | 85 |
| Child* | KSh 200,000 | 0 | 20 |
| Parent | KSh 200,000 | 18 | 85 |
| Extended family | KSh 200,000 | 0 | 85 |
*Children below the age of 10 years will be covered to a maximum of KSh 100,000.
| Life type | Max number of lives on the policy |
| Principal life | 1 |
| Spouse | 2 |
| Child* | 4 |
| Parent | 8 |
| Extended family | 10 |
| Total lives | 11 |
Exclusions for benefits
Death claims that arise due to criminal acts, suicide within two years of the policy start date or cover start date for any life assured, and war other than passive war (whether war is declared or not) in respect of all National Defence Forces, will not be paid.
Waiting period
The waiting period is the period after the start date of the policy, alterations to the policy or reinstatement of the policy where claims due to natural death will not be paid. A six-month waiting period will apply.
Loans
No loans will be allowed under this policy.
Prudential Insurance
Single Life Policy
Single life policy means the policy only covers one person, i.e the assured life only. Both plan A and plan B are available for this option.
PLAN A – Whole of Life Cover
- Your family and beneficiaries receive the full 100% benefit, a lump sum amount of money, upon your passing on, plus the full amount of bonuses accrued yearly throughout the period of the policy.
PLAN B- Whole of Life Cover plus Additional Critical illness cover
- In the case you are diagnosed with a critical illness, then 50% of your benefit will be paid to you to cater for the medical bills. Your premiums will be waived off and at this point, your critical illness benefit is terminated.
- The other 50% of the benefit will be paid to your family and beneficiaries after your passing. If you didn’t claim the critical illness benefit then 100% of your benefit will be paid out at policy maturity.
Joint Life Policy
A joint life policy covers two lives, you and your spouse depending on who claims first, whether on death or upon diagnosis of a critical illness. Both plan A and plan B are available for this option.
PLAN A-Whole of Life Cover
- Your family and beneficiaries receive the full 100% benefit, a lump sum amount of money, upon your passing on or your spouse, plus the full amount of bonuses accrued yearly throughout the period of the policy.
PLAN B- Whole of Life Cover plus Additional Critical illness cover
- In the case either you or your spouse is diagnosed with a critical illness, then 50% of your benefit will be paid out to to cater for the medical bills. Your premiums will be waived off and at this point, your critical illness benefit is terminated.
- The other 50% of the benefit will be paid to your family and beneficiaries upon your passing on or that of your spouse. If you didn’t claim the critical illness benefit then 100% of the benefit will be paid out at policy maturity.
Waiting period
There is a waiting period of 6 months;
- When the cover is starting or when it is being reinstated
- Death claims resulting from natural causes or a diagnosis of a critical illness before 6 months will not be paid.
- Only claims arising from accidental causes will be payable during the waiting period.
Optional Benefits (Riders)
Critical Illness Benefit
- This additional benefit can only be added to Plan A (Whole of life cover)
- This benefit helps in taking care of your medical bills in case you are diagnosed with a critical illness before attaining the age of 65 years, the benefit is paid out immediately after the diagnosis.
- You can choose how much you would want to receive upon a diagnosis of a critical illness; the minimum amount is Ksh. 1M and the maximum is Ksh. 15M
- The critical illness benefit amount chosen should be 50% or less of the main life policy benefit amount
- Settlement of a critical illness claim automatically terminates the benefit since it can only be claimed once during the policy term
- The main life policy will continue to be in force as per the original policy terms
Accidental Death Benefit
- This benefit can be added to both Plan A and B
- You can choose how much your family and beneficiaries will receive upon your passing on after an accident; the minimum amount is Ksh. 1M and the maximum is Ksh. 20M
- Single Life
- In case of death of the life assured due to an accident while this rider is in force, the rider’s extra additional sum assured will be payable
- In case of total & permanent total disability of the life assured before the age of 65 years, the extra additional sum assured is payable
- This rider may be issued between ages 18 and 59 years and is renewable as long as the main policy remains in force.
- The benefits and premiums payable under the main policy are also still payable as per the original policy conditions.
- Joint Life
- In case of death of either the assured or the spouse due to an accident, then the full rider benefit will be paid to the surviving life assured in addition to the main life benefit on the main cover
- If there is no surviving life assured, benefits will be paid to nominated beneficiaries. The policy will terminate on payment of death benefits.
- In case of total and permanent disability of either life assured due to an accident before the age of 65 years, the rider’s full benefit is paid to the life assured who is permanently disabled.
- Settlement of an accidental death or disability claim automatically terminates the benefit since it can only be claimed once during the policy term
- The main life policy will continue to be in force as per the original policy terms
Claim Documentation
You will be required to provide the following documentation for a claim to be paid under PRULife policy
- The policy should be active and all premium payments made before the claim
- A copy of the policy schedule of benefits
- Original death certificate
- Police report for accidental death
- Postmortem report
- For critical illness claims and total and permanent disability claims, a medical report to show the illness or disability is required
- A duly completed claim form
- Identification documents like ID or Passport
Exclusions
Claims occurring because of any of the exclusions listed below will not be accepted:
- Suicide, attempted suicide or any self-inflicted injury whether the life assured is sane or insane at the time and if it occurs within two years from the commencement of the policy.span>
- Any act committed by the policyholder, the life assured, or beneficiaries that constitute a violation of criminal law.span>
- Abuse of alcohol, wilful inhalation of gas, self-inflicted injury, wilful exposure to radioactivity, or the wilful consumption of poison or overdose of drugs (whether the drugs have been prescribed by a medical practitioner or not).span>
- With the exception of those deployed by the disciplined forces of the Republic of Kenya, any act of war (whether war be declared or not), military action, terrorist activities, riots, strikes, civil commotion, or insurrection in all cases as an active participant.span>
- Active participation in mountaineering, horse riding, hunting, motor racing, power-boat racing, or fighting (except in self-defence).span>
- Participation in any form of aviation other than a scheduled air service over an established passenger route.span>
- Any medical condition not disclosed prior to the issuance of the policy, for which treatment was received or recommended by a medical practitioner or of which the life assured was aware of prior to the date of declaration of the policy.span>
- Critical illness claims arising from conditions not listed in the policy.span>
- Death caused by natural causes and critical illness claims; occurring within six months from the date the policy starts or from the date the policy benefits are increased or from the policy reinstatement date.span>
National bank of Kenya
Life Insurance
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- ELIMISHA PLUS COVER
With our education plan, you can rest assured that your children’s education will be covered in the event of your disablement, death, or critical illness, ensuring their academic future regardless of your presence.
Benefits
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- Maturity benefits: Sum Assured is payable in four equal annual instalments
- Natural Death 100% of Sum Assured payable upon natural death
- Accidental Death Benefits – 200% of Sum Assured payable upon accidental death
- Double Accidental Death Benefits – 200% of Sum Assured payable
- 200% of Sum Assured upon Permanent Total Disability (PTD)
- 100% of Sum Assured upon PTD on Loss of one Limb or sight of one eye
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Critical Illness ( CI) Benefit
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- 50% of Sum Assured payable under the main benefit on first time diagnosis of any of the listed Critical/ Terminal diseases
- Policy continues to pay partial payouts and full maturity when due
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Waiver of Premium on death, CI and PTD
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- The company shall waive all future premiums upon death
- On admission of Waiver of Premium, full benefits intended at inception are payable
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The benefit is subject to a waiting period table.(PTD and Death)
- LAST EXPENSE SUMMARY OF COVER
Last Expense is a funeral cover to help families deal with the burden of meeting the last respect expenses on the death of a family member.
Benefits
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- The policy will pay a sum assured
- Claims are payable Within 48 hours
- Cover applies to principle member, one spouse, biological children and biological parents
- Cover commences once the premium is paid in full
- There is a waiting period of 2 months from the date of commencement of the policy and subject to payment of full premium
- Maximum age at entry is 80 years next birthday for parents, and 70 years for main member and spouse. There is no cover expiry age
- Children are covered up to the age of 18 or up to age 24 if they are still under their parents care and in school/college
- Multiple covers are allowed up to a maximum of KES 500,000 per life
- The maximum amount payable on death of a child below the age of 10 years shall be KES 100,000 as provided by Insurance Act Cap 487 – Sec 96
Family Bank
Group Credit Life Assurance
Group Credit Life Assurance provides life cover to a group of borrowers of credit institutions, such as banks. In the unfortunate event of the death of the member during the term of the policy, the outstanding loan amount would be repaid by the insurance company thus relieving the member’s family.
Benefits
Eliminates the risk of loan default in the event of death
Financial relief to the family
Facilitate competitive pricing for the lender
Cost-effective plan
Convenient administrative and medical procedures
Endowment Plan
This policy gives a combination of death protection and investment for a stated period of time. On the survival of the assured to the term or permanent total disability and/or death, full sum assured is payable plus applicable riders.
Benefits
Provides a single lump sum and accumulated profits at a future maturity date to enable one fulfill an investment objective.
The single lump sum plus accumulated profits are also payable to the next of kin should the policyholder die before policy maturity.
Cover continues without any further premium payments should the policyholder suffer permanent disability.
