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Welfare Fund

Double your cover and get cash back for no claims!

BimaNet further augments the Insurance bundle of benefits with a Welfare Fund which enhances the policy without a corresponding increase in premiums. The Welfare Fund becomes operational at the beginning of the individual’s 3rd year of membership.

The Welfare Fund

  1. Doubles the sums assured by the underwriters.
  2. Pays a cash-back-bonus if the member remains claim free for an uninterrupted period of 3 years. 

Eligibility

Admission after 2-years

Get cash back for every three consecutive claim free years.

Depending on the selected tier of membership (Express, Superior, Deluxe, VIP or VIP+) this cash back bonus ranges between Ksh 5,800 to Ksh 37,000.

Double Your Cover

Without a corresponding increase in premiums.

Double your cover

The Welfare Fund doubles the sums assured by the underwriters- Once off.  For example, a Linda Fanaka VIP+ Member’s sum assured aggregates as follows;  

COVER
COVER AMOUNT (KSH)
Life Insurance

5,000,000 – 10,000,000
Funeral/Last Expense Cover

250,000 – 500,000
Critical Illness

1,000,000 – 2,000,000
Accidental PTD

250,000 – 500,000
Accidental TTD

250,000 – 500,000
In Hospital cash payment

10,000 – 20,000

Cash back for no claims

The Welfare Fund also pays a ‘cash back’ bonus if a customer remains claim free for 3 consecutive years i.e. at the end of year 3, 6, 9, 12 etc.

Depending on the selected tier of membership (Express, Superior, Deluxe, VIP or VIP+) the cash back bonus ranges between Ksh 5,800 to Ksh 37,000.

 

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