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Sunday, October 22, 2017

Corporate Plans

We have the following riders that can be chosen by you as additional benefits for most of the above plans:

1. CRITICAL ILLNESS COVER

On the payment of an extra premium a lump sum of 50% of the sum assured subject to the maximum of Kshs. 500,000/-, becomes payable to the assured if the following medical conditions occur:

  • Myocardial infarction
  • Stroke
  • Coronary Artery Surgery
  • Cancer
  • Total renal failure

The policy continues thereafter with a sum assured reduced by the amount paid.

2. LEVEL TERM BENEFIT

An option to have an additional cover by payment of a nominal premium for the premium paying term.

3. JOINT LIFE COVER

A facility to cover an additional life (say spouse) on the payment of a small premium. The combined premium for cover of both lives is much less than if two separate individual policies were taken. The policy comes to an end on the payment of the death claim on any one life.

4. WAIVER OF PREMIUM

This is a facility by which the future premiums for the policy are waived, should the policyholder become totally disabled due to an accident or illness during the term of the policy.

5. DOUBLE ACCIDENT BENEFIT

An additional sum equal to the sum assured becomes payable if death is due to accident.

6. INFLATION SENSITIVE BENEFIT

This rider gives the policyholder a right to purchase 10% additional sum assured for each of the first years of the policy without further medical examination.

The actual additonal premium payable on purchase of additional sum assured at the end of each first five years will depend on the amount of increase in sum assured, age of the life assured and the outstanding term at the time of purchase.
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