Life - Micro Life

Micro Life

The new Saham Life Plus is a policy for all Kenyans. It’s unique features include easy and flexible application procedure with no medical examination.

 

Term Of Policy

There are two defined policy terms of 5 and 10 years, with a minimum policy paying age of 18. You only pay premiums for the defined policy term of 5 or 10 years and you enjoy cover for the rest of your life.

 

Benefits

There are two distinct sums that can be bought.
One can buy a sum of either KShs. 50,000 or Kshs. 100,000/=.
This distinction is meant to accommodate persons of all levels who might be interested in taking out the cover.

 

Premium Payment

Premiums are payable half yearly or yearly.

 

Age Limits

Any person between the ages of 18 and 64 is eligible to buy the policy.

 

Funeral Expense Rider

The funeral expense rider which is in-built in the policy, is payable within 48 hours of the policy holders demise. It has no procedures whatsoever and does therefore not wait for the production of the Death Certificate, only a Burial Permit is required.

 

Flexibility

The Saham Life Plus policy is one of the easiest policies to understand as the Sum Assured is payable only once upon the death of the policyholder.

 

Nomination

On taking the Saham Life Plus policy one will need to complete a nomination of beneficiary form, to facilitate a flowing process in event of death.

 

 

MICRO TERM PLUS

 

The new Saham Term Plus is a policy for all Kenyans. You can obtain easy and quick cover with simple and flexible procedure and without medical examination.

 

Term Of Policy

There are two defined policy terms of 5 and 10 years, with a minimum policy paying age of 18.

 

Benefits

There are two distinct sums that can be bought.
One can buy a Sum Assured of either KShs. 50,000/= or KShs. 100,000. This distinction is to accommodate persons of all levels who might be interested in taking out the cover.

 

Premium Payment

The Premiums calculated are reasonable and affordable by persons of any level or occupation. Payment can be made yearly or half-yearly.

 

Age Limits

Any persons between the ages of 18 and 64 are eligible to buy the cover.

 

Funeral Expense Rider

The funeral expense rider which is in-built in the policy, is payable within 48 hours of the policy holders demise. It has no procedures whatsoever and does therefore not wait for the production of the Death Certificate, only a Burial Permit is required.

 

Flexibility

This is one of the easiest insurance policies to understand. It pays out the Sum Assured on death of the policyholder during the term of the policy.

 

Nomination

The nomination of a beneficiary is vital under this policy as it only pays the Sum Assured upon death of the policyholder during the term of the policy.