The Legacy Plan is a funeral insurance cover designed to provide financial support during those extremely difficult periods following the loss of a loved one. The plan ensures that families can afford a dignified farewell without financial strain. It covers natural and accidental deaths, with additional benefits such as Maandalizi Benefit, Family Care Benefit, and much more.
Read More...SOMA Savings Plan - Comprehensive Life Assurance & Savings
The SOMA Savings Plan is a life assurance product that provides financial security in case of death or permanent disability while also acting as a savings vehicle. It is particularly beneficial for individuals looking to secure funds for their children's education or other future financial needs and projects.
Key Core Benefits Include:
- Life Assurance (Death Benefit) – A lump sum payout to beneficiaries in case of the policyholder's demise.
- Permanent Total Disability Benefit – Covers loss of income due to permanent disability.
- Savings Component – Allows policyholders to accumulate funds for future needs such as children's education.
- Maturity Benefit – At the end of the policy term, the sum assured is paid out.
Optional Benefits (Enhancements)
- Double Accident Benefit – If death occurs due to an accident, the payout is doubled.
- Critical Illness Cover – Pays 35% of the sum assured upon diagnosis of major illnesses (e.g., cancer, stroke, heart attack).
- Funeral Expense Benefit – Provides an emergency payout within 48 hours to cover funeral expenses.
- Waiver of Premium on Retrenchment – Premium payments waived for up to 6 months if the policyholder loses their job.
How will you benefit from buying this plan?
- Dual Purpose – Savings & Protection: Provides both financial security and a disciplined way to save for the future.
- Education Funding Assurance: Ensures that children's education is covered in case of a policyholder's death or disability.
- Flexible Terms: Policy terms range from 5 to 20 years, allowing customization based on financial goals.
- Affordable & Inclusive: Minimum sum assured of Kshs. 250,000, with cover up to Kshs. 7 million available without medical exams.
- Inflation Protection: Benefit escalation and policy upgrade options help guard against rising costs.
- Fast Payouts: Funeral expenses paid within 48 hours, ensuring immediate financial support.
- Retrenchment Protection: Provides a 6-month premium waiver in case of job loss, easing financial burden.
- Joint Life Option: Couples can opt for a joint policy, receiving double benefits on maturity or in case of death.
Who Is Eligible?
Open to individuals aged 18-65 years with coverage up to 70 years.
Available to anyone saving for future needs, especially parents planning for children's education.
Ideal for individuals seeking a secure, flexible, and rewarding financial safety net for their family's future.
Want to know more?
Send a text or WhatsApp message to +254720741625 simply stating "I need more info" and we will call you back and explain any detail you may want clarified.
You can also download brochure with SOMA details below...
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