LIFE PAYBILL: 100500    GENERAL PAYBILL: 999415    TEL: +254 20 722 0000    SMS: 20430    USSD: *887#

Jawabu Plan

  1. Home
  2. Jawabu Plan

What Is JAWABU Plan?

JAWABU is an investment policy that gives you the opportunity to save towards your future needs.

What does JAWABU plan offer differently to existing plans?

The JAWABU plan has been designed to provide a solution to the gaps that currently exist in the plans available in the market. The product’s advantages from other existing plans in the market are as follows:

  1. The policyholder can start receiving benefits just after 12 months of premium payment. He/she can also defer receiving the benefits to a later time
  2. The benefits are made on every anniversary
  3. Free life cover as follows:
    • 3,000-4,999 life cover is Ksh. 100, 000
    • 5,001-7,499 life cover is Ksh. 250,000
    • 7,500 > life cover is Ksh. 500,000
  4. Waiver of all future premium in case of death of the policyholder
  5. Allows the policy holder to cover more than one child
  6. Tax relief benefit
  7. Customers stay updated on matters regarding their policies, this is induced by the real-time support and transparency offered which has an effect on the consumers patronage and overall relationship
  8. Ease of accessibility and bridging the costs for the client, as the client can be able to access information remotely thus reducing travelling or calling costs.
Quote
  1. 1
    Read More

    What are the benefits of JAWABU plan?

    JAWABU plan offers attractive features to the consumer making it one of the most suitable investment plans in the market for this time and age. The following are the benefits:

    Financial Benefits

    1. Partial benefits which are payable every anniversary
    2. In case of death of the premium payer, a waiver of all outstanding premiums shall be granted and thus the policy will continue being in force. The dependent, is thus guaranteed for continuity of their education until maturity of the policy.
    3. An additional life cover is also payable to the beneficiary in the case of the death of the parent or guardian who is the policyholder.
    4. Upon maturity, the policyholder is entitled to a lump sum benefit, which shall be the outstanding fund value as at that date.
    5. The policy also acquires a surrender value after being in force for a period of only 12 months.
    6. Being an investment linked product, the rate of return for the policy may vary depending on the market performance of the fund but has a guaranteed minimum rate of 4% per annum.
    7. The product provides the option of attaching multiple dependents under the same policy.
    8. The customer predetermines the premium to pay with a minimum premium of Kshs.1,000 per month
    9. The client can also choose the mode of premium payment among; monthly, annually, semi-annually, and quarterly

    Who Should Buy JAWABU?

    JAWABU is tailor-made for any individual who wills to secure their children’s future or save towards a specific personal goal

    JAWABU is also befitting to those persons willing to accumulate money for a prolonged period and acquire superior returns for their investments in order to achieve their life goals.