Policy Summary
This policy covers funeral expenses. A specified amount is paid within 48 hours upon notification of death and presenting required documents in respect of the insured persons. The cover is available to individuals, families and groups.
Main Features
The cover is affordable and convenient
- Easily accessible at VIB’s wide branch network
- A wide choice of benefits available
- Policy is issued for one year and renewable annually (i.e. every 12 months)
- Premium is payable upfront
- Minimum premium per policy is Kshs.500.00
- Simple application process
- Reliable claims service
- Maximum limit per family is Kshs.1,200,000.00
Example of Applicable Benefits
| Option 1 | Option 2 | Option 3 | Option 4 | |||||
| Insured Persons | Limit | Annual Premium /Person | Limit | Annual Premium /Person | Limit | Annual Premium /Person | Limit | Annual Premium /Person |
| Member | 50,000 | 703.00 | 100,000 | 1,406.00 | 200,000 | 2,813.00 | 300,000 | 4,219.00 |
| Member and Spouse | 50,000 | 1,305.00 | 100,000 | 2,612.00 | 200,000 | 5,223.00 | 300,000 | 7,835.00 |
| Child below 18 years | 50,000 | 352.00 | 50,000 | 352.00 | 50,000 | 352.00 | 50,000 | 352.00 |
| Child between 18 and 26 years (Student) | 50,000 | 352.00 | 100,000 | 703.00 | 100,000 | 703.00 | 100,000 | 703.00 |
| Adult dependent on Member | 50,000 | 1,055.00 | 100,000 | 2,109.00 | 100,000 | 2,109.00 | 100,000 | 2,109.00 |
