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

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

  1. Member application forms
  2. Copy of pin certificate
  3. ID copies and Birth Certificates for children
  4. Payment of premium

Claims Settlement Requirements

  1. Immediate notification
  2. 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
  1. Payment of outstanding medical bills – Royal and Executive package
  2. 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

It’s time! Get the cover you deserve

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