Madison Money Market Fund: Daily Yield: 9.10% Effective Annual Yield: 9.53%
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.
Option 1 – Funeral Cash Only
|Sum Assured||Annual Premium Per Person||Monthly Premium (For Check-off payments only)|
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)|
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
- 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|
- Payment of outstanding medical bills – Royal and Executive package
- Advertisement in the obituary – Royal package only
NB: All figures are in Kenya Shillings
|Preparation of Remains||1,500||1,500||1,500|
|Outstanding Medical Bills||75,000||40,000|
|Advert in the Obituary||28,000|
- 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
- Gazebo tent