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Life Insurance

Sanlam Life Insurance offers assurance that your family/dependents are financially secure no matter what. We can also assist you with saving for that social event, vacation or your child’s education.

Flexi Hela

Flexi Hela is a flexible savings solution that allows you to save while benefitting from life cover for you and your family. It has an open-ended term so you can enjoy the benefits and continue to save as long as your policy is active.

Product features

Savings contributions
You can choose to invest any amount, which will grow at the declared interest rate. You can make changes to your contribution anytime.

Life cover
A maximum number of 11 lives (of several types) can be covered on the policy. Children under 10 will be covered for a maximum of KSh 100,000.

Waiting period
A six-month waiting period will apply after the start date of the policy, or after any kind of alterations are made.

Loans
No loans will be allowed under this policy.

Learn more

FlexiEducator Plus

This product is designed to assist you plan for your children’s education.

Product features

  • FlexiEducator Plus policy term can vary from 9 to 20 years depending on your financial plan
  • Premiums are predetermined and fixed based on what you choose
  • The policy has a 15% tax relief benefit that the life assured will enjoy
  • The policy maturities are guaranteed
  • Compulsory benefits (riders)
  • Maturity Benefits

Four partial maturities of 25% of the sum assured are paid out in four equal annual instalments before maturity. And at maturity, 100% of the sum assured will be paid.

Full maturity yearPercentage (%) Instalment
Term minus 425% of sum assured
Term minus 325% of sum assured
Term minus 225% of sum assured
Term minus 125% of sum assured
Maturity100% of sum assured
Total payout200% of sum assured

Double accident benefit

In the event the life assured dies or is permanently disabled due to an accident, a lumpsum equal to the sum assured will be paid out which means the total payout will be 200% of sum assured.

Critical illness benefit

If the life assured is diagnosed for the first time with any of the listed critical or terminal illnesses, the insured will be paid half the amount of the sum assured.

Waiver of premium of 100% on PTD &CI

The company takes up 100% of the premiums of the life assured is permanently and totally disabled due to an accident, natural causes and on first time critical illness diagnosis.

FlexiSaver Plus

This product is fashioned to assist you save for any event in the future.

Product features

  • FlexiSaver plus maturities are payable every four years based on the sum assured and policy term chosen
  • The policy terms are 12, 16, 20 and 24 years depending on your financial plan
  • Apart from great savings, protection is key on critical illness, permanent total disability and death
  • Policy loans at reasonable interest
  • The policy may be used as security subject to the cash value of the policy at the time and any other conditions at the discretion of the companyg981730
  • The policy has a tax relief benefit that the life assured enjoys
  • The policy sum assured, and payouts are guaranteed

Maturity benefits

The policy will pay a defined percentage sum assured on maturity to the life assured as below.

Full/partial maturity %Term (Years)
Year12162024
Year 4 25%25%25%25%
Year 825%25%25%25%
Year 12150%25%25%25%
Year 16-125%25%25%
Year 20--100%25%
Year 24---75%
Total payment200%200%200%225%

Death benefit

On death of the life assured caused by an accident or natural causes, 100% of the sum assured irrespective of partial benefits is paid out to the nominated beneficiaries.

Compulsory benefits (riders)

Double accident benefit

In the event the life assured dies or is permanently disabled due to an accident, a lumpsum equivalent to the sum assured will be paid out.

Critical illness benefit

If the life assured is diagnosed for the first time with any of the listed critical or terminal illnesses, the insured will be paid half the amount of the sum assured.

Waiver of premium of 100% on PTD & CI

The company takes up 100% of the premiums if the life assured is permanently and totally disabled due to an accident, natural causes and on first time critical illness diagnosis.

Sanlam Life Insurance is a licensed financial service provider.
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