Group Life Insurance

Family Last Expense Rates

Family Last Expense Rates

Aim of Setting Up the Scheme

The Funeral Cover provides affordable and simple cover to a company’s employees giving them a peace of mind that in the event of death, the members family or loved ones are protected against unexpected funeral costs.

Premium Rate

Plan 1

MEMBER Option 1 Option 2 Option 3 Option 4 Option 5 Option 6
PRINCIPAL KES 50,000 KES 100,000 KES 200,000 KES 300,000 KES 400,000 KES 500,000
SPOUSE KES 50,000 KES 100,000 KES 200,000 KES 300,000 KES 400,000 KES 500,000
ANNUAL PREMIUM PER FAMILY KES 400 KES 800 KES 2,200 KES 3,300 KES 4,400 KES 5,500

Plan 2

MEMBER Option 1 Option 2 Option 3 Option 4 Option 5 Option 6
PRINCIPAL KES 50,000 KES 100,000 KES 200,000 KES 300,000 KES 400,000 KES 500,000
SPOUSE KES 50,000 KES 100,000 KES 200,000 KES 300,000 KES 400,000 KES 500,000
CHILDREN MAX 4 KES 25,000 KES 50,000 KES 100,000 KES 150,000 KES 200,000 KES 250,000
ANNUAL PREMIUM PER FAMILY KES 800 KES 1,600 KES 4,600 KES 6,900 KES 9,200 KES 11,500

Plan 3

MEMBER Option 1 Option 2 Option 3 Option 4 Option 5 Option 6
PRINCIPAL KES 50,000 KES 100,000 KES 200,000 KES 300,000 KES 400,000 KES 500,000
SPOUSE KES 50,000 KES 100,000 KES 200,000 KES 300,000 KES 400,000 KES 500,000
CHILDREN (MAX 4) KES 50,000 KES 100,000 KES 200,000 KES 300,000 KES 400,000 KES 500,000
PRINCIPALS PARENTS (2) KES 50,000 KES 100,000 KES 100,000 KES 100,000 KES 100,000 KES 100,000
SPOUSE PARENTS (2) KES 50,000 KES 100,000 KES 100,000 KES 100,000 KES 100,000 KES 100,000
ANNUAL PREMIUM PER FAMILY KES 1,200 KES 2,400 KES 4,600 KES 6,800 KES 8,400 KES 12,000
ADDITIONAL CHILD PREMIUM KES 100 KES 200 KES 400 KES 600 KES 800 KES 1,000

We Further Advise as Follows with Respect to the Funeral Cover

Scope of Cover

  • 100% accidental death cover available immediately
  • No medical tests required
  • Eligibility: Any persons aged 18 to 75 yrs. Children aged 3 months to 23 years. Extended Family/Siblings below age 50yrs Parents covered up to age 85yrs with cover expiring at age 85, however, if the parent has been on cover for over 5 years with The Monarch Insurance, the maximum age limit of 85 years shall not apply and the cover does not expire./li>
  • Children are covered from 3 months to age 18 and those between ages 18 to 23 years are covered subject to confirmation of being in fulltime education. The maximum payout for children who are below age of 10 years and below is KES 100,000.00 as per the insurance act
  • Where a member of a family is extended, or the principal member is covered either by different principal members i.e. a Parent, Spouse child, and adopted or the principal make covers as the principal member within this scheme, only one claim shall be payable. Please note premium is payable per family
  • Maximum of Five (5) deaths covered per family
  • Maximum benefit for parents (and parents-in-law) to KES 100,000
  • COVID-19 death covered @ 50% of Sum Assured

Requirements

We will require the following information to enable implementation of the scheme:

  • Duly filled Proposal Form
  • Full names of the members indicating the dates of birth
  • ID No.
  • KRA PIN
  • KRA PIN No.’s for the organization/principal
  • Payment
  • Principal Number Assured
  • No. of Dependants and relationship

Claim documents required for benefit payment

  • Duly filled claim form
  • Burial permit and Police abstract in case of accidental death
  • Copy of ID/Birth Certificate of the deceased
  • Copy of ID of registered beneficiary
  • Completed claim form

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