WE CARE ABOUT YOUR FAMILYGROUP LAST EXPENSE POLICY

Group Last Expense Policy is a form of term insurance that covers the life of a person whilst being a member of a formal group. The amount of the benefit is fixed.

  1. Available for persons aged between 1 to 80 years
  2. Available also to spouses
  3. Available to a maximum of 4 children per member aged between 1 month and 21 years
  4. Minimum and maximum benefit limits for adults range from Kshs. 10,000 to Kshs. 500,000.
  5. Minimum and maximum benefit limits for children range from Kshs. 10,000 to Kshs. 300,000.
  6. Minimum annual premium per group is Kshs. 20,000.

Benefits

Fast access to finance to meet funeral expenses is very vital to the family that has lost a loved one. The Monarch Insurance promises to pay the benefit under this rider within 24 hours of official notification and satisfactory proof of death. The following are key advantages of this rider-:

  1. No loss of working time due to employees holding meetings to raise funds for funeral expenses of a departed colleague.
  2. No contributions required from the employer on the death of an employee.
  3. This is a good way of retaining satisfied staff.
  4. The employer is seen as mindful and caring for important staff needs.
  5. Premium paid by the employer is an allowable expense for tax purposes.

Features

  1. Available for persons aged between 1 to 80 years
  2. Available also to spouses
  3. Available to a maximum of 4 children per member aged between 1 month and 21 years