Product Category:
Endowment: Combines savings and insurance with a fixed term. It provides a maturity amount at the end of the policy term.
Education Policy: Designed specifically to ensure the education of the insured’s children, even in the event of the policyholder's death.
Eligibility:
Entry Age: Minimum 18 years, Maximum 60 years.
Maximum Age on Cover: 70 years.
Policy Term: 6 to 18 years.
Benefits:
Maturity Benefit: The policyholder receives 100% of the Sum Assured at maturity.
Guaranteed Bonuses:
Two bonuses, each equal to the Sum Assured, are provided.
The first bonus is paid 2 years before maturity, and the second one is paid 1 year before maturity.
Premium Holiday: The policyholder is not required to pay premiums in the last two years of the policy term.
Waiver of Premium: In the event of death or disability, the policyholder’s family is not required to pay premiums for the remaining term.
Death Cover (Optional):
If the insured has death cover, the Sum Assured, bonuses, and maturity benefits are paid even after death.
If no death cover is chosen, bonuses and maturity benefits are still paid.
Tax Relief: Policies with a term of 10 years or more qualify for a 15% tax relief on premiums, up to a maximum of Ksh 5,000 per month.
Policy Loan: After 2 years, the policyholder can borrow up to 80% of the Cash Surrender Value.
Non-Forfeiture Options:
Cash Surrender Value: The policy can be surrendered after 2 years, but this will terminate the contract.
Paid-Up Options:
Customer-Initiated Paid-Up: The policy can be converted to a fully paid-up policy with a reduced Sum Assured if the policyholder stops paying premiums.
Automatic Paid-Up: The policy is automatically converted to paid-up after 2 years of non-payment.
Death and Disability Benefits:
Death Cover (Natural): Includes a 12-month waiting period; premiums are refunded if death occurs within this period. Afterward, the benefit is paid in full.
Death Cover (Accidental): No waiting period; the benefit is paid in full immediately upon accidental death.
Waiver of Premium on Death & Disability (Natural): Also includes a 12-month waiting period.
Death & Disability Benefit (Accidental): Applies immediately with no waiting period.
Sum Assured:
Minimum: Ksh 100,000
Maximum: Ksh 6,000,000
Medical Requirements:
Non-medical (Lien Option) with certain limitations if no medical examination is conducted.
This product is designed to ensure that even in unforeseen circumstances, a child’s education is financially secured. It provides a combination of savings, life cover, and potential tax benefits. The policy also allows for flexibility in premium payment, with options like premium holidays and loans.
Lets engage: contact me on 0716 529329 or via email: [email protected]
Erick Ngugi
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Hello, I'm Erick Ngugi. I am a dedicated Financial Advisor at Britam.
With a passion for helping individuals and businesses achieve their financial goals, I offer personalized financial planning and investments advise.
Product Category:
Endowment: Combines savings and insurance with a fixed term. It provides a maturity amount at the end of the policy term.
Education Policy: Designed specifically to ensure the education of the insured’s children, even in the event of the policyholder's death.
Eligibility:
Entry Age: Minimum 18 years, Maximum 60 years.
Maximum Age on Cover: 70 years.
Policy Term: 6 to 18 years.
Benefits:
Maturity Benefit: The policyholder receives 100% of the Sum Assured at maturity.
Guaranteed Bonuses:
Two bonuses, each equal to the Sum Assured, are provided.
The first bonus is paid 2 years before maturity, and the second one is paid 1 year before maturity.
Premium Holiday: The policyholder is not required to pay premiums in the last two years of the policy term.
Waiver of Premium: In the event of death or disability, the policyholder’s family is not required to pay premiums for the remaining term.
Death Cover (Optional):
If the insured has death cover, the Sum Assured, bonuses, and maturity benefits are paid even after death.
If no death cover is chosen, bonuses and maturity benefits are still paid.
Tax Relief: Policies with a term of 10 years or more qualify for a 15% tax relief on premiums, up to a maximum of Ksh 5,000 per month.
Policy Loan: After 2 years, the policyholder can borrow up to 80% of the Cash Surrender Value.
Non-Forfeiture Options:
Cash Surrender Value: The policy can be surrendered after 2 years, but this will terminate the contract.
Paid-Up Options:
Customer-Initiated Paid-Up: The policy can be converted to a fully paid-up policy with a reduced Sum Assured if the policyholder stops paying premiums.
Automatic Paid-Up: The policy is automatically converted to paid-up after 2 years of non-payment.
Death and Disability Benefits:
Death Cover (Natural): Includes a 12-month waiting period; premiums are refunded if death occurs within this period. Afterward, the benefit is paid in full.
Death Cover (Accidental): No waiting period; the benefit is paid in full immediately upon accidental death.
Waiver of Premium on Death & Disability (Natural): Also includes a 12-month waiting period.
Death & Disability Benefit (Accidental): Applies immediately with no waiting period.
Sum Assured:
Minimum: Ksh 100,000
Maximum: Ksh 6,000,000
Medical Requirements:
Non-medical (Lien Option) with certain limitations if no medical examination is conducted.
This product is designed to ensure that even in unforeseen circumstances, a child’s education is financially secured. It provides a combination of savings, life cover, and potential tax benefits. The policy also allows for flexibility in premium payment, with options like premium holidays and loans.
Lets engage: Contact me on 0716 529329 or email: [email protected]
08/08/2024
Product Category:
Endowment: Combines savings and insurance with a fixed term. It provides a maturity amount at the end of the policy term.
Education Policy: Designed specifically to ensure the education of the insured’s children, even in the event of the policyholder's death.
Eligibility:
Entry Age: Minimum 18 years, Maximum 60 years.
Maximum Age on Cover: 70 years.
Policy Term: 6 to 18 years.
Benefits:
Maturity Benefit: The policyholder receives 100% of the Sum Assured at maturity.
Guaranteed Bonuses:
Two bonuses, each equal to the Sum Assured, are provided.
The first bonus is paid 2 years before maturity, and the second one is paid 1 year before maturity.
Premium Holiday: The policyholder is not required to pay premiums in the last two years of the policy term.
Waiver of Premium: In the event of death or disability, the policyholder’s family is not required to pay premiums for the remaining term.
Death Cover (Optional):
If the insured has death cover, the Sum Assured, bonuses, and maturity benefits are paid even after death.
If no death cover is chosen, bonuses and maturity benefits are still paid.
Tax Relief: Policies with a term of 10 years or more qualify for a 15% tax relief on premiums, up to a maximum of Ksh 5,000 per month.
Policy Loan: After 2 years, the policyholder can borrow up to 80% of the Cash Surrender Value.
Non-Forfeiture Options:
Cash Surrender Value: The policy can be surrendered after 2 years, but this will terminate the contract.
Paid-Up Options:
Customer-Initiated Paid-Up: The policy can be converted to a fully paid-up policy with a reduced Sum Assured if the policyholder stops paying premiums.
Automatic Paid-Up: The policy is automatically converted to paid-up after 2 years of non-payment.
Death and Disability Benefits:
Death Cover (Natural): Includes a 12-month waiting period; premiums are refunded if death occurs within this period. Afterward, the benefit is paid in full.
Death Cover (Accidental): No waiting period; the benefit is paid in full immediately upon accidental death.
Waiver of Premium on Death & Disability (Natural): Also includes a 12-month waiting period.
Death & Disability Benefit (Accidental): Applies immediately with no waiting period.
Sum Assured:
Minimum: Ksh 100,000
Maximum: Ksh 6,000,000
Medical Requirements:
Non-medical (Lien Option) with certain limitations if no medical examination is conducted.
This product is designed to ensure that even in unforeseen circumstances, a child’s education is financially secured. It provides a combination of savings, life cover, and potential tax benefits. The policy also allows for flexibility in premium payment, with options like premium holidays and loans.
Plan for your children education with interest baring education plan.
Benefits:
1. Current interest rate at 14.7%p.a.
2. Waiver of premium on death.
Opt-in Benefit
1. Waiver of premium on redundancy.
2. Waiver of premium on death.
3. Disability benefit Lumpsum of Min KES 1,000,000 max Kes10,000,000
4. Death benefit lumpsum of Min KES 1,000,000 max Kes10,000,000.
5. Last expense lumpsum of Min KES 50,000 Max 500,000.
Features:
1. Minimum investment amount of 1000 kes
2.Minimum entry age 18 years maximum age 62 years.
3. Minimum term of 8 years. Maximum term of 22 years.
4. Premium holiday for the last 3 years.
5. Partial payouts: Year 6 payout 35% of fund value, Year 7 payout of 50% of fund value. Year 8 payout of 100% of the balance.
Lets engage: Contact me on 0716529329 or via email: [email protected]
Erick Ngugi Hello, I'm Erick Ngugi. I am a dedicated Financial Advisor at Britam. With a passion for helping individuals and businesses achieve their financial goals, I offer personalized financial planning and investments advise.
18/07/2024
5 Things To Know about Imarika investment Plan:
⭕️ Investment period - The minimum term for Imarika is 5 years. However, you can access your funds after 24 months at no charge should you wish to.
⭕️ Early exit charges - accessing any amount within the first 24 months attract charges. This gives you financial discipline to save faithfully, build your fund to help you meet your desired goals and dreams. The charges are as follows:
✅️ Month 1-12 10% of amount withdrawn
✅️ Month 12-24 5% of amount withdrawn*
⭕ Compound interest - The interest earned on Imarika is not only tax free but also daily compounded. This means more earnings for the customer on the long term
⭕ Management fee - this is a charge of 0.21% applied every month on the fund value. It is normally absorbed by the investment gain. For transparency, this is disclosed in the statement every month (No hidden charges).
⭕ Flexibility - Imarika is a very flexible product that allows you to contribute premiums in accordance to your financial position. Invest at your own pace noting that the more you invest, the more you earn. Be in control of your future.
Want to learn more about Imarika Investment Plan? Contact us: [email protected] call or whats app: 0716529329
18/07/2024
A unit trust is a type of mutual fund that invests in short-term, safe securities.
These investments are meant to provide liquidity , preserve capital , and generate income for investors.
So, when you invest 1,000 bob( min investment amounts for Britam bond plus Fund ), you expect the money to earn interest on a daily basis.
Unlike money lying idle in a bank account, you will earn interest from bond plus.
Start earning today with Britam bond plus Fund currently earning a rate of 13.96%.
✅Make frequent top ups anytime
✅Easily access your money
✅Save for any goal you wish to achieve( Emergency Fund, Further studies ,Holiday, working capital, etc)
With you every step of your financial journey, safeguarding your dreams and aspirations. Don't miss out on this saving opportunity! Contact us @: [email protected]. Learn more call or whats app: 0716 529329
Click here to claim your Sponsored Listing.
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