Madison Equity Fund: NAV Price: 36.19 Purchase Price: 36.19 | Madison Money Market Fund: Daily Yield: 8.96% Effective Annual Yield: 9.37%

Want to take better care of your employees while at work?

The Work Injury Benefits Act (WIBA) policy provides cover for your employees in the event of any bodily injury caused by an accident or occupational disease arising from and in the course of their employment. This is in accordance with the Workmen Injury Benefits Act of 2007.

Here’s the compensation on WIBA you will receive for each of the following events:

Death – 96 months earnings

Permanent Total Disablement (PTD) – 96 months earnings

Temporary Total Disablement (TTD) – Weekly earnings for 52 weeks

Medical Expenses – Kshs. 100,000

Funeral Expenses – Kshs. 30,000

Occupational Illness – Kshs. 4,000,000

This policy does not cater for:

  • Any accidental death or injury occurring outside the normal working hours of the employee.
  • Any injury by accident or disease sustained by any employee who is below the age of eighteen years.
  • Any injury caused or contributed to directly or indirectly by deliberate and willful misconduct of the employee.
  • Any liability arising out of pre-existing medical conditions unless declared.
  • Policy excess applicable.

In addition, we have a highly discounted policy that combines WIBA and the Group Personal Accident (GPA) policy to become WIBA Plus Policy. Read more about it here.

It’s time! Get the cover you deserve

Related Products

WIBA Plus
Employers’ Liability
Group Creditor / Mortgage Protection
Group Life Assurance
Fact Sheet
October 8, 2021

Equity Fund September 2021

The objective of the Madison Equity Fund is to achieve long-term capital growth through investing in a diversified portfolio of various asset classes in the local and international market with…
Fact Sheet
October 8, 2021

Money Market Fund September 2021

The investment objective of the Madison Money Market Fund will be to achieve capital preservation. The fund will invest in short-term money instruments in the local and international markets. The…
Fact Sheet
October 8, 2021

Monthly Economic Highlights – September 2021

Economic Update Kenya’s Covid-19 vax program picks up pace The Monetary Policy Committee (MPC) met on September 28, 2021, against a backdrop of the continuing global COVID-19 (coronavirus) pandemic, the…
Fact Sheet
August 9, 2021

Monthly Economic Highlights – July 2021

The MPC retains the CBR at 7.00% On 28th July 2021, the Monetary Policy Committee (MPC) reconvened against a backdrop of the continuing global COVID-19 (coronavirus) pandemic, the continued rollout…