Individual Products

DYNAMIC FINANCIAL PLAN

The Dynamic Financial Plan is a flexible unit linked savings plan designed to help you save and grow your wealth. Your premiums are invested in a carefully selected portfolio of assets and earn interest based on the returns on those assets. At the maturity of the policy the accumulated fund value is paid out. You can use this money towards paying for a new car, a deposit on a house, a holiday ... the choice is yours.

Key features

  • Premiums are set at affordable levels with a minimum monthly premium of KSh 1 500.
  • There are several flexible premium payment options with premiums payable either monthly, quarterly, half-yearly, annually or as a single premium.
  • You can choose any policy term between 8 and 30 years.
  • The product includes automatic life cover of KSh 50 000 which will be added to the fund value at death.
  • Premium contributions are tax deductible up to certain limits.
  • Various convenient premium payment methods are available.
  • Full and partial surrenders are available after 2 years on very competitive terms.
  • Optional benefits include:
    • Funeral Benefit offering cover on the main life insured up to KSh 250 000
    • Withdrawal Benefit offering regular cash withdrawals from as soon as 1 year after commencement
    • Lump Sum Disability Benefit with cover up to a maximum of KSh 5 million
    • Accidental Injury and Death Benefit with cover up to a maximum of KSh 5 million
    • Death and Disability Premium Waiver Benefits
    • Automatic annual premium increases of 5%, 10% or 15%

Dynamic Financial Plan Brochure

ELIMU POA
Elimu Poa is a unit linked savings plan specifically designed to help pay for your child's education. Your premiums are invested in a carefully selected portfolio of assets and earn interest based on the returns on those assets. At the maturity of the policy the accumulated fund value is paid out. You can also choose to select a Withdrawal Benefit which offers regular cash withdrawals to assist with paying annual tuition fees.

Key features

  • Premiums are set at affordable levels with a minimum monthly premium of KSh 1 500.
  • There are several flexible premium payment options with premiums payable either monthly, quarterly, half-yearly, annually or as a single premium.
  • You can choose any policy term between 8 and 30 years.
  • The product includes automatic life cover of KSh 50 000 which will be added to the fund value at death.
  • Premium contributions are tax deductible up to certain limits.
  • Full and partial surrenders are available after 2 years on very competitive terms.
  • Various convenient premium payment methods are available.
  • Optional benefits include:
    • Child Funeral Benefit of KSh 50 000
    • Withdrawal Benefit offering regular cash withdrawals from as soon as 1 year after commencement
    • Death and Disability Premium Waiver Benefits
    • Automatic annual premium increases of 5%, 10% or 15%

Elimu Poa Brochure

DIGNITY PLUS COVER
Dignity Plus Cover is an affordable and flexible funeral product which provides whole of life cover for up to KSh 250 000. With Dignity Plus Cover you can provide funeral cover for yourself, your spouse, your children, your parents, your parents-in-law and even other members of your family. When a claim is made a lump sum cash pay-out is made that can be used to pay for the costs of a funeral.

Key features

  • Five levels of cover are available from KSh 50 000 up to KSh 250 000.
  • No medical underwriting is required.
  • A Funeral claim will be paid within 48 hours of notification and on receipt of required documentation.
  • Premium contributions are tax deductible up to certain limits.
  • Premiums are set at affordable levels and are payable either monthly, quarterly, half-yearly or annually. Discounts are offered if premiums are paid less frequently than monthly.
  • No waiting periods for accidental death claims.
  • Various convenient premium payment methods are available.
  • Optional benefits include:
    • Cover for spouse, parents & parents-in-law, children or extended family
    • Withdrawal Benefit offering regular cash withdrawals from as soon as 1 year after commencement
    • Death and Disability Premium Waiver Benefits
    • Automatic annual premium increases of 5%, 10% or 15%. This allows your cover to increase and counter the effects of inflation


Dignity Plus Brochure


HATUA PLAN
The Hatua Plan provides affordable term life cover of up to KSh 30 million. The benefit is paid out on the death of the life insured thus helping to protect your family's future when you no longer can.

Key features

  • No medical tests for cover up to KSh 5 million! Only a few health questions have to be answered and no medical tests or blood samples are required.
  • Flexibility to choose a policy term that suits you - minimum of 5 years and maximum 40 years.
  • A no claim bonus which pays out a cash lump sum if no claim is made during the policy term
  • Premiums are set at affordable levels and are payable either monthly, quarterly, half-yearly or annually. Discounts are offered if premiums are paid less frequently than monthly.
  • Premium contributions are tax deductible up to certain limits.
  • For cover under KSh 5 million, cover is increased in steps over the first 2 years of the policy. The following percentages of the cover amount selected will be payable in the event of a claim:
    • First 6 months: 0% of Cover
    • Second 6 months: 25% of Cover
    • Third 6 months: 50% of Cover
    • Fourth 6 months: 75% of Cover
    • After 24 months: 100% of Cover
  • Various convenient premium payment methods available
  • For cover of more than KSh 5 million, 100% of the cover amount selected is payable from the start of the policy, but medical tests will be required.
  • Optional benefits include:
    • Withdrawal Benefit offering regular cash withdrawals from as soon as 1 year after commencement
    • Lump Sum Disability Benefit with cover up to a maximum of KSh 5 million
    • Accidental Injury and Death Benefit with cover up to a maximum of KSh 5 million
    • Death and Disability Premium Waiver Benefits
    • Automatic annual premium increases of 5%, 10% or 15%. This allows your cover to increase and counter the effects of inflation


Hatua Plan Brochure

The product will be available at the end of June 2012


LABBAIKA
Labbaika is a Shari'ah compliant unit linked savings plan that has been endorsed by SUPKEM. Your premiums are invested in a carefully selected portfolio of compliant assets and earn the returns on those assets. At the maturity of the policy the accumulated fund value is paid out.

Labbaika is a meaningful way of saving towards the financial requirement of Haj - a cost that is escalating yearly. Alternatively, Labbaika presents an opportunity for saving towards the increasing cost of one's children's education or preparing financially for a wedding - quite a costly affair nowadays. Labbaika is also a wonderful option to offer as a dowry. A bride can now request that her husband-to-be invest in a Labbaika Plan for her.

Labbaika is designed around the 'wakalah and mudharabah' contracts of Islamic law and is based on mutual cooperation for financial assistance and risk protection in accordance with the Quranic principle of 'Ta'awuni'.

Key features

  • Premiums are set at affordable levels with a minimum monthly premium of KSh 3 000.
  • There are several flexible premium payment options with premiums payable either monthly, quarterly, half-yearly, annually or as a single premium.
  • You can choose any policy term between 10 and 30 years.
  • The product includes automatic life cover of KSh 50 000 which will be added to the fund value at death.
  • Premium contributions are tax deductible up to certain limits.
  • Various convenient premium payment methods are available.
  • Full and partial surrenders are available after 2 years on very competitive terms.
  • Optional benefits include:
    • Withdrawal Benefit offering regular cash withdrawals from as soon as 1 year after commencement
    • Automatic annual premium increases of 5%, 10% or 15%


Labbaika Brochure

 

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