Bima Ya Karo presents an opportunity like no other – parents and/or guardians can now create guaranteed funds and provisions for their children’s education whether they  (parents/guardians) are alive, disabled or deceased.

Standard

1. Cash benefits – Cash payments are available and payable during the last 5 years before the maturity date.
2. Waiver premium – In the event of death or permanent disability (of the parent) while the policy is still valid, all future premiums shall be dropped and cash benefits will be payable.
3. The policy term ranges from 10 – 18 years.

Optional (*at additional premiums)

1. Death benefit – If the parent/guardian passes on while the policy is still valid and premiums are up to date, we will pay 50% of the amount on the cover for the needs or upkeep of the child mentioned in the policy.
2. Critical Illness – Upon the diagnosis of critical illness, while the policy is still in force, we will pay 25% of the amount payable on the policy. Critical illness would be heart attack, stroke, cancer, renal failure, paraplegia, coronary artery disease, blindness and major organ failure.
3. Funeral cash benefit – The policy also provides funeral cash benefits in the following limits of the amount payable on the policy:
   • Adults – 100,000 Kshs
   • Children – 50,000 Kshs

In the event of the death of the named child, while the policy is still valid, the parent/guardian may nominate another child or get a refund on all premiums (minus any extra benefits already paid).

The policy also acquires a cash value (available amount within policy that can be borrowed from us) after being in effect for at least 3 years (all premiums must have fully been paid).