FAQ (Frequently asked Questions)
Here are some of the most Frequently Asked Questions in Life Assurance and Grouplife
Individual Life
- Policy document – Evidence of Contract
- Endorsement – a written or spoken statement confirming changes in a policy.
- Reversionary bonus– A bonus added to the sum assured (or basic sum assured) of a with profits life assurance policy out of a life company’s surplus profits.
- With profits policy– is an insurance contract that participates in the profits of a life insurance company.
- Sum Assured – amount payable on happening of the contingency assured against</li>
- Assured – Party entitled to receive money under an assurance contract on the happening of stated event
- Assurer – the office that agrees to pay money to another party on the happening of insured event
Group Life
- Who can Join A pension Plan
Any kenyan above the age of 18years whether employed or in self employment. - Who can Join Heshima Mpango Poa
An individual over the age of 18 years can join and cover his/her family. - Who pays for premiums for Group Life cover
The employer is responsible for paying premiums. - Group Life benefits Documentation
> Death Certificate.
> Burial Permit.
> National Identification card/ Surrender of ID-Deceased.
> National Identification card – Payees or Birth Certificates if Minors
> A letter from the Provincial Administration ( Chief)
> ATM/ BANK DETAILS FOR ALL PAYEES (Indicate your correct account number, Account branch and your Mobile - Group Life Disability Documentation
> All doctors reports.
> For all these medical reports please include all doctors reports, doctors notes, X ray reports, Discharge summaries and any other medical
report that regards your injury/disability.
> Abstract /P3 forms. In case of an accident.
> National Identification card.
> BANK DETAILS – ATM (Indicate your correct account number, Account branch and your Mobile phone number).