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8:00 am to 4:30 pm

+265 1 822 699

nicolife@nico-life.com

3 Stewart Street

Blantyre, Malawi

Tilinanu Funeral Policy

  • 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.

 

Child Saver Policy

It is a pure savings policy designed to cater for primary, secondary or tertiary educational needs of children and no Life Cover is provided.

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