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.
You can choose to invest any amount, which will grow at the declared interest rate. You can make changes to your contribution anytime.
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.
A six-month waiting period will apply after the start date of the policy, or after any kind of alterations are made.
No loans will be allowed under this policy.
This product is designed to assist you plan for your children’s education.
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.
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.
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.
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.
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What makes the policy different from any other education policy?
This policy entitles you to four equal annual payouts plus bonuses.
How much will I get at the end of my policy?
Total sum assured plus bonuses paid in four equal instalments.
Who can be covered by the policy?
Any person between the age of 18 and 65 years.
What other benefits does the policy offer?
Waiver of premium on death and total disability accident benefit which covers the life assured for a sum equivalent to the sum assured on accidental death.
What happens when I die before my policy matures?
Sanlam will pay your premium until the maturity date and pay the proceeds to the beneficiary.
What happens when I become permanently and totally disabled?
In the event you become permanently and totally disabled to the extent of being wholly and continuously unable to engage in any occupation, business or work for remuneration, Sanlam Life Insurance will pay your premium until the maturity date.
This product is fashioned to assist you save for any event in the future.
The policy will pay a defined percentage sum assured on maturity to the life assured as below.
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.
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.
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.
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What makes this policy different from any other endowment policy?
This policy entitles you to partial maturity plus bonuses at different intervals.
When are the partial maturities paid and how?
20% of the sum assured plus accrued bonuses, payable ten years before the end of the term and another 20% of the sum assured plus accrued bonuses five years before the end of the term.
60% of the sum assured plus bonuses payable on survival to the end of the term.
How do I make premium payments?
You may pay through salary deduction, bank transfers, standing orders or quarterly cheques.
Thinking ahead and planning for when you’ll no longer be there can be difficult. It can however be comforting to know that by arranging and paying for things now, you will be sparing your loved ones some of the emotional and financial burden at a difficult time.
What are the benefits of this policy?
The policy pays out money whenever anyone among the covered relatives passes on. The paid amount is meant to cater for burial expenses.
Who can be covered by this policy?
How much do I need to pay for the policy and for how long?
You can pay as little as KSh 777 per month.
How do I pay for my premiums?
You can pay through salary deduction, bank transfers and standing orders.
When are the burial benefits paid and how?
Burial amounts are paid within 48 hours on death of the covered relative and immediately after the company receives all requirements.
How much will I get for the burial expenses?
Depending on your choice, you can cover yourself and other relatives for between KSh 18 000 and KSh 250 000. This is the amount paid on death per covered person.
What happens if I die before maturity?
Sanlam Life Insurance will pay your burial benefit and other members of your family will remain under the cover until the age of 66.
What other benefits does the policy offer?
Am I allowed to make changes on the people covered?
You may change the people covered depending on your current needs.