Life Cover - Le’Risque Africa
Life Insurance in Kenya
- Financial security of dependants upon death, disability or critical illness
- Replaces lost income enabling family to maintain standard of living
- Estate Planning: Smooth transfer of wealth from one generation to another
- Business continuity when a business partner dies
- Peace of mind to knowing that family is taken care of financially
TYPES OF LIFE COVER
Whole Life Cover
- Permanent protection as long as premiums are paid
- Living benefit of critical illness like cancer, stroke , heart attack and disability
- Premiums remain consistent throughout life of policy
- Flexible payment term eg 15 years, 20 years – but protection for life
- Great for protection and inheritance planning
Start from Ksh 3,000 per month
Term Life Cover
- Limited cover durations e.g. 10 years, 20 or 30 years after which policy expires
- Living benefit of critical illness like cancer, stroke , heart attack and disability
- Lower premiums; affordable for those seeking temporary coverage
- Good for temporary protection; like mortgage or loan protection, or protect families at most dependent years for specific time period
FAQs
Life insurance vs Investment and Savings: What is the difference?
How much life insurance do I need?
The 5 Types of Life Insurance in Kenya
Is Term Life Insurance a Waste of Money?
Medical vs Critical Illness Insurance; What is the Difference?
If I have a Group Life Cover through work, do I still need an individual cover?
Do I really need life insurance if I am young?
What are the tax advantages of taking up a life cover?
Get tax relief of 15% of premium up to max Ksh 5,000 per (Ksh 60,000 per annum)