- Provides cover for immediate and extended family
- Cover commences once policy is accepted and premium is paid
- Age at entry limitations at the commencement of the policy
- Policy holder 65 years
- Spouse and parents 75 years
- Extended family members 65 years
- There is no medical underwriting for the policy
- There is a waiting period of 3 months for immediate family members and 6 months for parents and extended family members
- For accidental deaths waiting period does not apply
- There are three premium and benefit categories as follows:
|
CATEGORY |
Premium for immediate family |
Benefit for both spouses |
Benefit for parents, children & extended family members |
Premium for each of the parents and extended family member |
|
SILVER |
K800.00 |
K100,000.00 each |
K 50,000.00 |
K150.00 |
|
GOLD |
K3,650.00 |
K500,000.00 |
K250,000.00 |
K750.00 |
|
PLATINUM |
K6,500.00 |
K1,000,000.00 |
K500,000.00 |
K1000.00 |
- For the two spouses 100% of the benefit in their category is payable for each upon death
- For Parents, children and extended family members 50% of the benefit is payable for each one upon death
- Upon death a claim form must be completed accompanied by death certificate or death report. Or stamped letter from Traditional leader with contact details. In case of accidental death, a police report must also presented.