WHAT IS Bima ya Karo

The policy plan provides an opportunity to allow parents/ guardians to create GUARANTEED FUNDS for provision of their children’s education whether the parents are alive, deceased or disabled.

Click here to download the Bima Ya Karo Brochure

BENEFITS

You get guaranteed cash payments of 150% of the sum assured during the last five years of the policy.

You get a guaranteed cash payment of 100% of the sum assured plus accrued bonuses on the maturity of the policy.

You are entitled to tax relief of 15% of the total premium paid annually up to a maximum of Ksh 60,000.

The amount payable at the end of the policy term is tax-free.

In the event of death or permanent total disability while the policy is in force, all future premiums shall be waived and all benefits stated earlier paid.

The policy has optional protection benefits for critical illness, funeral cash benefit and death benefit.

b) Waiver of Premium
In the event of death or total permanent disability of the life assured while the policy is in force all future premiums shall be waived and the above mentioned benefits shall be payable

how it works

The policy term ranges between 10 and 18 years.

Parents/guardians aged between 18 and 60 are eligible.

Click here to download the Bima Ya Karo Proposal Form

Click here to download theDirect Debit Authorization Form

Click here to download theSalary Deduction Form

You can also make an enquiry

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