Board members hold key pillars in any company since they are the ones who make the decisions concerning major issues. Insuring board members under this cover provides a financial protection plan when they finally retire.
Members get benefits such as:
- Final Maturity Benefit
- Non Re-election benefit.
- Sum assured 100,000 to 1,000,000
- Offers optional benefits upon total or permanent disability
- Payment frequencies are quarterly, semiannually and annually
- Minimum age at entry 20 years while the maximum age at maturity 70 years
- In the event of death of Life assured kshs 20,000 is payable.