Fixed Income Fund - CIC Kenya

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Why Fixed Income Fund

The CIC Fixed Income Fund is moderate to medium risk fund which invests in a well-diversified portfolio of bonds issued by the Kenyan government and corporations.

The fund is suitable for investors seeking a reasonable level of current income and a steady growth of their capital.

POLICY LIMITS

Hospital bed accommodation charges (minus NHIF rebate amount)
Pre existing conditions are declared and accepted
Diagnostics for member and spouse
Major organ transplant procedure
In- patent prescribed physiotherapy, chemotherapy, radiotherapy, nursing care, prescribed drugs/medicine, dressing and diagnostic test.
Non-accident maxillofacial and ophthalmologic, dental surgery subject to authorization.
Day care surgery
Resident mother/doctors fee

RETURNS

Returns consist of interest from the bonds reinvested quarterly. It is recommended that the income be reinvested into the fund so as to maximize investment returns through compounded growth. It is recommended that the funds be invested for at least 2 years to 3 years to get a good return.

Fees

Minimum investment amount is Kshs. 5,000. Minimum additional amount is Kshs. 1,000.
5% initial fees are charged on the Fixed Income fund
Access to your money is when required with a short notice of 2 – 4 working days.
Monthly statement is sent.