Sacco Solution policy in Kenya | Britam - Kenya
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Sacco Solution 1st Content
What is Sacco Solution?
This is a unique insurance product for SACCO members offering them an Inpatient, Accidental death cover, Accidental total and permanent disability cover and an inbuilt. Last Expense cover. In addition, the product provides for Credit Life Insurance cover to members taking loans.
What are the benefits of Sacco Solution?
a. Inpatient Cover
This is a health care plan to manage unforeseen illness or injuries that lead to hospitalization.
b. Accidental death and total and permanent disability cover
This provides compensation to the insured family/ beneficiary in the event of physical and visible body injury leading to death within 6 months from the date of the accident.
c. Last Expense
This cover provides support to cover funeral expenses following the death of the insured.
d. Credit Life
The credit life covers a borrower in the event of death or total and permanent disability to the extent of their bank’s financial interest in the loan (outstanding loan + interest) and the actual monthly loan repayments. Rates to be provided based on the size of the loan book
Sacco Solutions 2nd Content
|Benefit||Option 1 (Compulsory for Loannes )||Option 2|
|INPATIENT COVER LIMIT |
Chronic/ Pre-existing/ Psychiatric
cases capped at 50% within IP Limit
|KSH 200 000 |
KSH 100 000
|KSH 300 000 |
KSH 150 000
|MATERNITY COVER LIMIT||KSH 20 000||KSH 30 000|
|ACCIDENTAL DEATH/TPD COVER||KSH 100 000||KSH 200 000|
|LAST EXPENSE COVER LIMIT||KSH 40 000 online here||KSH 80 000|
|ANNUAL PREMIUM||KSH 3 800||KSH 5 600|