Benevolent fund

Benevolent Loan

Assit members in meeting burial expenses for contributor, their immediate family members ’ i.e Spouse, children, father and mother and parents in-law as declared by the member. The mimimum age of a child to be compensated is 1 month.

This is an annual renewable premium, based on: nuclear family or the ages of the Principal Parents/Parents in -law.

The Eligible Age for joinning is:

Principal member 18-70 Years

Spouse 18-70 Years

Child (up to 4) 1Month to 24 Years

Parent of Principal Member /Spouse Age limit 80 Years 

Type of cover

 

Adult Limit                  Child Limit

 Diamond

 

 Kes 100,000  Kes 100,000

 Type of Member

 

 Entry Age Limit in Years 

 Principal Member

 

 18-70 

 Spouse

 

 18-70 

 Child

 

1 month to 24 Years 

 Parent of Principal Member/Spouse

 

 Max Entry Age -80 Years 

 Principal Member,Spouse and 4 Children only 

 

2,400 
 Combined Cover including Parents of Principal and /or Spouse(use age of oldest parent)  

 Up to 65 Years

 

 4,000 

 66-70Years

 

 4,700 

 71-75 Years

 

 5,400 

 76-80 Years

 

 8,200 

 Above 80 Years

 

 13,300

 

When does the policy lapse? 

  • The policy lapse on the death of the principle member
  • In the event of 5 claims payments within the policy cover period
  • Non -Renewal of the policy
  • In the event of forged documents/Fraudulent claims

Benefits

The benefit amount is on a standard  of Ksh 100,000 subject to provision of burial permit and/certificate from the local chief proof of such a death