Madison Money Market Fund
Daily Yield: 9.68%
Effective Annual Yield: 10.16%
Madison Fixed Income Fund
Daily Yield: 10.84%
Effective Annual Yield: 11.45%
Madison Wealth Special Fund
Weekly Average Daily Yield: 11.48%
Weekly Average Effective Annual Yield: 12.17%
Collectively protect
those who work for you
Lala Salama
This is a unique package developed for groups that enables members to give their loved ones a decent send-off and reduce the need for a fundraising for a departed member, spouse or child. The benefit is paid within 48 hours.
- Provides lump sum funeral cash benefit
- Provides a flexible choice of the amount to be covered.
- Benefits under the policy are payable within 48 hrs of provision of documentation.
- Membership is open to a member, spouse, children and Parents.
- Maximum age for eligibility is 65 yrs but can be extended up to 75 yrs with some loading.
- Children are covered up to 18 yrs or 24 yrs if they are students.
- No medical underwriting
- The waiting period is 90 days for non-accidental death.
- Individuals/Families
Option 1 – Funeral Cash Only
| Sum Assured | Annual Premium Per Person | Monthly Premium (For Check-off payments only) |
|---|---|---|
|
200,000 |
2,750 |
277 |
|
150,000 |
2,063 |
208 |
|
100,000 |
1,375 |
139 |
|
80,000 |
1,100 |
111 |
|
60,000 |
825 |
83 |
|
45,000 |
819 |
62 |
|
30,000 |
412 |
42 |
Option 2 – Funeral Cash, Critical Illness and Total and Permanent Disability
| Funeral Cash | Permanent and Total Disability (100% of FC) | Critical Illness (50% of FC) | Annual Premium Per Person | Monthly Premium (For Check-off payments only) |
|---|---|---|---|---|
|
200,000 |
200,000 |
100,000 |
4,560 |
459 |
|
150,000 |
150,000 |
75,000 |
3,420 |
345 |
|
100,000 |
100,000 |
50,000 |
2,280 |
230 |
|
80,000 |
80,000 |
40,000 |
1,824 |
184 |
|
60,000 |
60,000 |
30,000 |
1,368 |
138 |
|
45,000 |
45,000 |
22,500 |
1,026 |
103 |
|
30,000 |
30,000 |
15,000 |
684 |
69 |
For Commencement of Cover
- Member application forms
- Copy of pin certificate
- ID copies and Birth Certificates for children
- Payment of premium
Claims Settlement Requirements
- Immediate notification
- Burial permit or death certificate
This package provides funeral services for a departed member through Montezuma Monalisa Funeral Home Limited. It helps to reduce the cost of giving your loved ones a decent send off by taking an affordable plan for self, spouse, children and parents. The package also has a benefit to offset outstanding medical bills at the time of death and meeting the cost of advertisement in the obituary (Newspapers) .
- Mortuary fees
- Coffin
- Transport
- Embalming
- Preparation of remains
- Death Certificate
- Complimentary services
| Package | Sum Assured | Age Next Birthday | ||
|---|---|---|---|---|
| Up To 65 Yrs | 66 Yrs – 70 Yrs | 71 Yrs – 75 Yrs | ||
| Premiums | ||||
| Royal | 300,000 | 4,125 | 5,160 | 5,775 |
| Executive | 200,000 | 2,750 | 3,440 | 3,850 |
| Premier | 100,000 | 1,375 | 1,720 | 1,925 |
- Payment of outstanding medical bills – Royal and Executive package
- Advertisement in the obituary – Royal package only
NB: All figures are in Kenya Shillings
| Package | Royal | Executive | Premier |
|---|---|---|---|
| Mortuary Fees | 10,000 | 10,000 | 10,000 |
| Coffin | 70,000 | 50,000 | 20,000 |
| Embalming | 8,000 | 8,000 | 8,000 |
| Preparation of Remains | 1,500 | 1,500 | 1,500 |
| Transport | 92,500 | 75,500 | 40,000 |
| Death Certificate | 15,000 | 15,000 | 15,000 |
| Outstanding Medical Bills | 75,000 | 40,000 | |
| Advert in the Obituary | 28,000 | ||
| Total Benefit | 300,000 | 200,000 | 100,000 |
- Lowering gear, curtain and carpet
- Church trolley
- White stickers for mourners
- Red tags for cars
- Coffin delivery to mortuary
- PA system
- Cemetery cross with name on brass plate
- Chapel
- Gazebo tent
- Wreath
