The Bimadada policy is a wonderful opportunity to save your money in a guaranteed and secure investment that also offers you life insurance. For a minimum monthly premium of Kshs 1,500, you can actually enjoy the ride!
What is Bimadada?
Bimadada is an enhanced policy for ladies that provide Investment Benefits tailored to generate high returns to the policyholder with additional 24-hour life and disability cover
What are the policy benefits?
- Savings to Investment Units at high returns
- A Life Endowment up to a maximum of Kshs 500,000
- Last Expense Benefit of up to a maximum of Kshs 100,000.
- A payment of up to 25% of the sum assured upon diagnosis of cervical cancer
- A payment equivalent to sum assured is payable upon permanent and total disability.
Your contribution may be paid monthly, quarterly, semiannually or annually. The contribution is apportioned to savings in investment units and premium for life cover as per the options below.
Option 1
70% is used to purchase investment units. 30% of the contribution is used to purchase a life endowment up to a maximum of 500,000 and a last expense of Kshs 100,000
Option 2
30% is used to purchase investment units. 70% of the contribution is used to purchase a life endowment up to a maximum of 500,000 and a last expense of Kshs 100,000.
When are the benefits payable?
- Upon policy maturity
- Upon Disability
- Upon Death
- Ideal for ladies looking for the security of High Returns on Investment coupled with a Life Insurance cover
- A cervical cancer cover equivalent to 25% of the sum assured.
- Discounted premium rates
- Short term
- The policy pays regular cash payouts during the term.
- Flexible payment modes (monthly, quarterly, Semi annual and Annual)
