Funeral Cover

There are few things in life as tragic and heart-breaking as an unexpected death of a loved one. The pain only increases if your loved ones are trying to come to terms with the loss and having to cope with the funeral arrangements and cost.

This policy covers the beneficiary and the beneficiaries in the event of:

Death – This involves accidental impairment and accidental loss of life as well as natural death

Impairment – This involves loss of eyes, loss of ears, loss of speech, loss of limbs and others as specified in the schedule

Major Burns – All degree of burns are also covered under this policy.

Important points to note:

  • In the event that the main member dies, the benefit will be paid in lump sum
  • The cover commences immediately policy is taken in the cases of accidental death. In natural death cases, there will be a minimum waiting period of 1 month.
  • The minimum entry age for infants is one month and the maximum entry age for adults is 75 years.
  • The cover is renewable annually
  • Children are covered up to a maximum age of 25 years under proof of still being under the care of parents/guardian (proved through schooling)
  • The cover covers a maximum of four children and one legal spouse
  • Biological parents of policy holder and spouse can be added at an additional premium

Diaspora Cover

One of the challenges facing Kenyans living abroad is the repatriation of deceased relatives back home and attendant unexpected expenses when immediate family members pass on back in Kenya.

The unanticipated travel costs and contributions to the funeral expenses of their loved one can be onerous. The Co-op Diaspora product provides a perfect solution to this challenge.

Soma na Co-op

The purpose of SOMA NA CO-OP education policy is to enable the policyholder to save towards the future education of their child or dependant.

The policyholder may consider having more than one policy based on affordability and subject to product rules, e.g. maximum policy term.

The policy is available to individuals who meet the following criteria:

  • Customers of Co-op Bank of Kenya and customers of other banks in Kenya
  • Applicants aged between 18 and 65 at entry

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