Diaspora Return Ticket Funeral solution

| November 1, 2011 | Comments

Here below are important covers to consider for every Diaspora Kenyan:

CIC Diaspora Last Expense Cover
    Do not leave the burden of funeral expenses on your loved ones. Kenyans living in the Diaspora have experienced difficulty when a fellow Kenyan living in their community dies and the cost of repatriation is borne by friends and family. The funds that have to be raised eat into other people’s savings.CIC has developed a solution to cater for this last expense to ensure that Kenyans living in the Diaspora receive a dignified funeral and return home in the unfortunate event of death. Benefits and Features of the CIC Last Expense Cover: A death benefit of  is payable to the beneficiary to provide cover for:

    • Transportation
    • Funeral expenses
    • Unforeseen expenses

Life Cover and Premium options available are: a. Individual LifeCover

LIFE COVER Kshs. 2,000,000 Kshs. 1,500,000 Kshs. 1,000,000
Annual Kshs. 20,000 Kshs. 15,000 Kshs. 10,000
Semi-Annual Kshs. 10,500 Kshs. 7,900 Kshs. 5,300
Quarterly Kshs. 5,300 Kshs. 3,950 Kshs. 2,700
Monthly Kshs. 1,800 Kshs. 1,350 Kshs. 900

b. Shared Family Cover

LIFE COVER Kshs. 2,000,000 Kshs. 1,500,000 Kshs. 1,000,000
Annual Kshs. 40,000 Kshs. 30,000 Kshs. 20,000
Semi-Annual Kshs. 21,053 Kshs. 15,789 Kshs. 10,526
Quarterly Kshs. 10,526 Kshs.7,895 Kshs. 5,263
Monthly Kshs. 3,509 Kshs. 2,632 Kshs. 1,754
  • The cover commences immediately in the event of accidental death. There is an initial 6 month waiting period for death as a result of natural causes.
  • Exclusions: Self-inflicted death, involvement in illegal activities and chronic preexisting conditions not revealed on the application form.
  • Minimum age at entry is 20 years old; Maximum age at entry is 60 years old.

————————————————————————————————————————————————————– Kenyans living in the Diaspora experience a unique risk when immediate family members in Kenya die and they are expected to purchase a ticket to travel back home. They are also expected to contribute to the funeral expenses of their loved one. The primary risk is the death of parents living in Kenya. CIC has developed a solution for this need and is offering a $2,000 insurance cover that will be paid in case of death of declared next of kin or dependents of a Kenyan living in the Diaspora. Product Features The sum assured provided can be used to purchase a travel ticket and for contributions towards the funeral expense of the departed. The cover provides a shared cover in case of death of either of parents, spouse,children or siblings who live in Kenya. The amount is payable once on the first demise of any of the above dependents during the insurance period.

Insured/Next of Kin Benefit Provided Premium per annum
Any first two next of kin (e.g. Parents) Kshs. 100,000 Kshs. 3,600
Additional Individual Kshs. 1,200
Any first two next of kin (e.g. Parents) Kshs. 200,000 Kshs. 7,200
Additional Individual Kshs. 2,400
Any first two next of kin (e.g. Parents) Kshs. 300,000 Kshs. 14,400
Additional Individual Kshs.4,800

Conditions 1.Maximum age of entry of the next of kin is 70

2.There is a 6 month waiting period in case of natural death of any of the declared next of kin

3.Next of kin is either of parents, spouse, children or siblings living in Kenya

4.The maximum number of next of kin declared are 5

Here below is how to apply.Remember to use ID 158 at the Referral ID space.For Help,call Carol Makandi:-Telephone: +254 735 750 885 or +254 721 632 713 E-mail:cicdiaspora@cic.co.ke

  1. Log into our website: www.cicdiaspora.co.ke
  2. Highlight on product,choose CIC Return ticket
  3. Click on the any other product of choice, you will see the product features
  4. For the terms and conditions click on “get more Info” , you will get it in a downloadable pdf format
  5. To apply, click on “apply now”
  6. you will be taken through a three step process whereby you will be able to fill in your details and eventually pay  online and instantly using your visa branded debit/credit card
  7. After the application process will get an email confirming that application and payment is successful as well as get an order number and password.
  8. For subsequent payments, get back in to our website and click on the “log in” tab then use your order number and password to login, view your payment history and make a payment

CIC DIASPORA JIJENGE INVESTMENT PLANJijenge is a Swahili word meaning “Build Yourself”. At CIC we believe that wealth creation is the result of a deliberate and well managed financial planning process. CIC Diaspora Jijenge Investment plan supports periodic accumulation of capital. You will get guaranteed returns over the term of the contract period of 12 years while enjoying a minimum life cover

  • Safe and secure way of planning for your financial future
  • Minimum monthly contribution of $50
  • You can watch your investment grow over time 12 year term
  • You will have access to your fund starting from the 2nd year
  • Guaranteed life cover starting from Kshs. 300,000
  • Minimum entry age is 18 years with no maximum age of entry
  • Attractive guaranteed returns

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CIC Diaspora Jijenge Investment Plan
Jijenge is a Swahili word meaning “Build Yourself”. At CIC we believe that wealth creation is the result of a deliberate and well managed financial planning process. CIC Diaspora Jijenge Investment plan supports periodic accumulation of capital. You will get guaranteed returns over the term of the contract period of 12 years while enjoying a minimum life cover

 

  • Safe and secure way of planning for your financial future
  • Minimum monthly contribution of $50
  • You can watch your investment grow over time 12 year term
  • You will have access to your fund starting from the 2nd year
  • Guaranteed life cover starting from Kshs. 300,000
  • Minimum entry age is 18 years with no maximum age of entry
  • Attractive guaranteed returns

 


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