VIDEOS:DIASPORA FUNERAL SOLUTION-FOR YOUR PEACE OF MIND

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Interview with Mr.Nelson Kuria,CIC Group CEO during a recent visit in Seattle Washington.Mr Kuria says that CIC is committed to partner with Kenyans in Diaspora to help them overcome the challenges they face especially when one dies

CIC Diaspora Last Expense Cover

“People in the Diaspora are very skeptical about Kenyan organizations because they have lost out in a number of instances through briefcase masqueraders coming here and pretending to offer all kinds of solutions. And like they say once bitten twice shy and I do not blame the Diaspora for behaving so.”

This was said by the CIC Insurance Group CEO and Group Managing Director Mr. Nelson Kuria during a visit to the US meant to familiarize Kenyans living abroad with solutions that his group had to offer, backed by the solid reputation and financial muscle that the CIC group of insurance stands on.

While speaking with KENYA360 MEDIA, Mr. Kuria stressed that CIC has invested time and resources in understanding the needs of the Diaspora and has stayed away from pressure selling techniques common in the insurance market but has instead taken a long-term approach that aims at educating the potential customers first, with the belief that an educated customer is a more lasting one.

He noted that it was from this engagement with the Diaspora that the CIC Group had identified unique needs of the Diaspora enabling the company to tailor solutions specific to this market.

Mr. Kuria while appreciating the role of community fundraisers in the event of the demise of a Kenyan living abroad noted that the increasing population of Kenyans living abroad coupled with the rising median age of the Diaspora base will inevitably result in higher number of demises and which calls for a more sustainable solution.

Such solutions, he said, should be those that would be a better fit with the high pressure livelihood that Kenyans abroad have to deal with which in most instances revolves around school, family, doubles and sometimes triples just to make ends meet.

In meeting this challenges, Mr. Kuria stated that the CIC Group had funeral solutions that are very affordable such as the “Last Expense” which costs approximately USD 100 annually for a Ksh.1 Million cover and which would thereby relieve the financial stress on family and friends and allow them to instead celebrate the life of the departed without undue worries.

In explaining another CIC funeral cover the Return Ticket, Mr Kuria was quick to point out his groups advantaged position of engaging with the Diaspora stating that the idea for this product had been conceived during a previous town hall meeting that he had had with Kenyans abroad.

He stated that the product was as a result of listening to the Kenyans tell of their challenges including the fact that many a times Kenyans living abroad have gone into depression after missing out on the funeral of a loved one for lack of funds to fly home.
As the name implies, the return ticket policy is meant to provide the ability to travel home in the event of the demise of either one of the covered next of kin (max 5). In the unfortunate occurrence of such an event, the cover pays out immediately and the insured can then decide at their discretion on whether use for a ticket home or otherwise disburse of the cash to facilitate the funeral. The annual cost of this policy is as low as USD 40 per annum and not more than USD 120 for a cover of between Ksh. 100,000 to Ksh. 300,000.

Mr. Kuria indicated that the CIC Group also offers an array of products that the diaspora could take advantage of to instill a structure in the monies that they send home for school fees and medical bills for their relatives. This he said includes an education policy that would pay out at a set time and a medical insurance that covers inpatient and out patient care and all for an annual fee of approximately Ksh. 4,000. “The future belongs to those who prepare fore it now” he stated.

You can check out the group’s Diaspora specific website at:

BY: KENYA360 MEDIA

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 COVERKshs. 2,000,000Kshs. 1,500,000Kshs. 1,000,000
AnnualKshs. 20,000Kshs. 15,000Kshs. 10,000
Semi-AnnualKshs. 10,500Kshs. 7,900Kshs. 5,300
QuarterlyKshs. 5,300Kshs. 3,950Kshs. 2,700
MonthlyKshs. 1,800Kshs. 1,350Kshs. 900


b. Shared Family Cover

LIFE COVERKshs. 2,000,000Kshs. 1,500,000Kshs. 1,000,000
AnnualKshs. 40,000Kshs. 30,000Kshs. 20,000
Semi-AnnualKshs. 21,053Kshs. 15,789Kshs. 10,526
QuarterlyKshs. 10,526Kshs.7,895Kshs. 5,263
MonthlyKshs. 3,509Kshs. 2,632Kshs. 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.
  • 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:[email protected]

    1. Log into our website:
    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
  • 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.
  • CIC Diaspora Return Ticket Funeral Expense Policy

    Introduction
    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 between Kshs. 100,000 to Kshs. 300,000 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 KinBenefit ProvidedPremium per annum
    Any first two next of kin (e.g. Parents)Kshs. 100,000Kshs. 3,600
    Additional IndividualKshs. 1,200
    Any first two next of kin (e.g. Parents)Kshs. 200,000Kshs. 7,200
    Additional IndividualKshs. 2,400
    Any first two next of kin (e.g. Parents)Kshs. 300,000Kshs. 10,800
    Additional IndividualKshs.3,600

    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

     

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