Last Expense Cover
Our last expense cover provides peace of mind to the family by providing for the payment of fixed amounts on the demise of the member of the scheme. This helps families deal with grief rather than worrying about funeral expenses.
The options available are;
- The Gold Plan cover
- The Life & Funeral cover
Option A: Gold Plan cover
Scope of cover
This benefit becomes payable to the family of the deceased life assured within 48 working hours of receipt of notification of death within the cover period.
- Eligible ages are for Adults (Principal member or Spouse) The minimum age at entry is 18 years and maximum entry age is 75 years.
- Children – The minimum age at entry is 1 year and maximum coverage age is 24 years with proof of schooling.
- Children – The minimum age at entry is 1 year and maximum coverage age is 24 years with proof of schooling.
Period of cover
Cover will start from the date this application and full premium are received and accepted by the
insurance company and will run for the period of one year. Cover can be renewed in the subsequent years by payment of respective premium within fifteen days of the anniversary date
Claim Requirements
The beneficiary must provide the following documents:
- Filled claim form
- Copy of the Deceased’s ID
- Copy of Beneficiary’s ID
- Certified copy of the burial permit
- Police Abstract (accidental)
- Medical summary (If death happened at the hospital)
- Chief’s acknowledgment letter (If death happened at home)
- Claimant’s bank details
| OPTION A | OPTION B | OPTION C | |
|---|---|---|---|
| PRINCIPAL MEMBER | 100,000 | 200,000 | 500,000 |
| SPOUSE | 100,000 | 200,000 | 500,000 |
| CHILDREN (FOUR) | 100,000 | 200,000 | 500,000 |
| PARENTS (TWO) | 100,000 | 200,000 | 250,000 |
| PARENTS IN LAW(TWO) | 100,000 | 200,000 | 250,000 |
| PREMIUM | 4,500 | 7,000 | 17,000 |
| EXTRA CHILD | 200 | 350 | 1,000 |
OPTION B: LIFE AND FUNERAL PLAN
Eligibility 18-75years and children 1-18 years/19-24years with proof of schooling under the care
of the parent.
| Benefit | Monthly | Annual | ||
|---|---|---|---|---|
| Premium | Additional Child | Premium | Additional Child | |
| 25000 | 95 | 20 | 910 | 120 |
| 50000 | 180 | 30 | 1500 | 180 |
| 100000 | 290 | 45 | 2500 | 330 |
| 150000 | 400 | 65 | 3500 | 480 |
| 200000 | 510 | 90 | 4500 | 650 |
| 250000 | 670 | 110 | 5500 | 900 |
| 300000 | 800 | 130 | 6500 | 1200 |
CLAIM REQUIREMENTS
- Filled claim form
- Copy of the Deceased’s ID
- Copy of Beneficiary’s ID
- Certified copy of the burial permit
- Police Abstract (accidental)
- Medical summary (If death happened at the hospital)
- Chief’s acknowledgment letter (If death happened at home)
- Claimant’s bank details
Group Last Expense Cover
The last expense cover can be taken for a group, institution, Chama or organization.
FAQ’S
Failure to pay Insurance premiums as stipulated in the policy amounts to breach of policy terms and conditions and leads to the termination of the contract. This also means that you cannot make a claim.