What is Last Expense Cover?
This cover pays a funeral cash benefit within 48 hours upon notification of the death of an insured family member to assist the family to manage the associated funeral expense burden. At a small premium, you will able to transfer the financial risk that surrounds funeral expenses and ensure a smooth send-off for your loved ones. It provides much-needed relief from the burden of fundraising from friends, family or well-wishers to cater for funeral expenses.
- Covers principle member, spouse, and up to 4 children (or 5 children for single parents)
- Can accommodate additional children, parents, and inlaws at an additional small premium
- Covers children up to the age of 18 (or age 24 if the child is still under parents care and in school/ college)
- Flexible upper age limit for principle member, spouse, and parents at age 75 years at entry. Thereafter one enjoys cover for the whole of life for as long as they renew the policy annually
- Flexible range of cover from KES 50,000 to KES 500,000
- Single Claim Cover: This cover will pay a sum assured, i.e. the amount of cover chosen, upon the first death of an insured member in a family within 12 months of policy commencement or renewal. The cover then lapses and must be renewed to restore cover for the remaining family members.
- Multiple Claim Cover: This policy option will pay a sum assured, i.e. the amount of cover chosen, upon the death of the insured family members within 12 months of policy commencement or renewal, up to a maximum of 3 claims in a year.
Enjoy the flexibility of either a single claim or multiple claim cover.
