Education

As a parent, you don’t need any reminding of how important it is to have sufficient resources to educate your children. We, at National Bank Insurance Agency understand this and want to provide you with the peace of mind that, should anything happen your children’s education will continue as planned.

Career Life Plus

Career Life Plus is an Education policy that provides a good platform for saving for children’s high school and tertiary education as well as the continuity of a child’s education in case of a Parent’s untimely death or Disability.

The Main features of the Product are:-

  • Face Value Minimum Kshs. 200,000 (No Maximum Amount)
  • Contribution Period 5 to 20 Years
  • Maturity Benefit Face Value Plus Accrued Bonuses
  • Additional Benefit
  • Eligibility
  • Premium calculation

The premium is calculated through an automatic rater and its value is determined by;

  • life assured’s age,
  • method and mode of premium payment
  • level of cover selected
  • layer selected
  • targeted amount
  • sum assured

 

Premium payment options

  • Monthly, Quarterly, Semi- annually or annually
Documents required when applying for Career Life plus
  • Copy of ID for parent
  • Copy of parent’s PIN Certificate
  • Copy of Birth Certificate or Birth Notification for the child

Career life policy covers the following which come as rider benefits on payment of additional premium.

  • Total and Permanent Disability
  • Waiver of Premium
  • Adult Accident Hospitalization
  • Child Accident Hospitalization

Additional benefits

  • Paid Up Surrender
  • Loans

Claims procedure

Maturity and Surrender

During maturity and surrender, benefits will be paid once the following documents are presented to the insurer;

  • A duly completed claim form
  • The original policy document
  • Proof of the event for which the benefit is claimed, the legal entitlement of the claimant(s) to receive the benefit.

Death claim

In case of death of the assured the following procedure applies;

  • Notification to the insurer

Completing and signing of Claim forms by the legal representatives of the nsured which should be accompanied with the following;

  • Original death certificate
  • Proof of age i.e. copy of identity card if not submitted earlier.
  • Original police abstract or original postmortem report if death relates to road traffic accident.
  • Original Policy document.