Thursday, September 12, 2019
Last Expense Cover for Unashig Members
Last Expense (def.): 1. Funeral costs or expenses; 2. The immediate financial obligations, both direct and indirect, thrust upon an individual or a family as a consequence of the demise of a family member -- or even a close relative.
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Last Expense cover has become an important focus of attention in the insurance sector, as funeral costs have, so to speak, mushroomed. Typically, though, insurers restrict Last Expense insurance to immediate family members. The idea is that it helps people to cushion those that they leave behind -- or, more generically speaking, those left behind by the departed -- against the financial horrors of burying the dead and recovering from the angst of bereavement, besides the flurry and added anxiety of looking for immediate and usually slippery help.
With a robust funeral expense cover, insurance theory suggests, no family should worry about who will help to overcome its loss and re-balance its material circumstances, even as the emotions take their winding course. No one (no family) has to be "known" in order to get financial and associated emotional relief at the worst moments of loss. Group insurance can temper the sense of helplessness and drift.
Unasi Insurance Agency Ltd is the vehicle designed by Unashig Members to help tackle the jeopardy of bereavement, which in the end confronts everyone who lives "long enough". It was registered on 17th July 2019 by the Registrar of Companies. It is wholly-owned by Unashig Kenya PLC. As required by law, it was issued a Licence by Kenya's Insurance Regulatory Authority (IRA) on 27th August 2019. This allows it to operate as a legitimate Agency, and to expand Kenya's Insurance Space (as we intend to do). Its operations are spearheaded by Esther Warui, who was recently appointed by the Unashig Board as the Principal Officer. She reports to the Unashig CEO.
Unasi Insurance Agency Ltd has since received a Last Expense quotation from UAP/Old Mutual, which is the most attractive offer that we have seen so far via web searches. Members are asked to scrutinize its contents through the link given below. Then let's have a conversation on our WhatsApp platforms:
READ: Quotation From UAP/Old Mutual
A minimum of 80 Members (plus their families) is required to launch this scheme with UAP/Old Mutual. We believe that we will have the numbers to do so by mid-November 2019 -- or sooner if there is great enthusiasm. Instructions are given below for a simple format which Members should use to submit the family details indicated in the quotation.
Interested Members should send a full list of family members whom they wish to cover by email to:
unasi254ag@gmail.com
The list should contain:
1) The first and last name of each person to be covered,
2) Each person's date of birth (DOB) in this format: DD/MM/YYY.
3) Each person's relation to the Member -- i.e. Spouse, Biological Child (a maximum of 4 children only, each in the age-bracket of 3 months to 18 year, or up to 24 years if proven to be still in school), Birth Parent or Parent-in-Law.
The sooner we get the list, the sooner we can launch this cover.
WATCH THIS SPACE for Updates, including payment procedures and deadlines.
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