This is an enhanced endowment product that is flexible enough to meet multiple needs such as education, capital investment and other investment plans while providing a death and disability cover of Kshs. 100,000/=. This plan is targeted at SACCO members and the general public at large. The benefits are as follows:
Final Maturity Benefit
This is the maturity value of the policy. It is payable at the end of the policy term. The final exit amount is not subject to medicals irrespective of the amount. This amount is only payable on maturity.
Non-forfeiture benefit
This is the amount paid to the policy holder if he/she has had the policy for a minimum of 3 years and has paid at least 36 months.
Term
This is the maximum period for which the policy is in force. The current term is 10-15 years.
Loan Benefit
A loan can be advanced against the policy provided that it has been in force for a minimum period of 3 years.
Death Benefit
In the event of death or PTD, Kshs. 100,000/= is payable