Unashig's Last Expense drive through its subsidiary, Unasi Insurance Agency, has been anchored since the second half of 2019 on details received from UAP OldMutual Insurance Company. There has recently been a resurgence of enthusiasm among Unashig Members and others for this kind of family cover. More details have been asked for, and more questions asked. We have now received certain specific details and more consumer-friendly answers, which the Unashig Management is pleased to share below.
Readers are reminded that Last Expense refers to direct "Funeral Costs or Expenses" incurred as a result of a death in the family. These are expenses which cannot be indefinitely deferred or postponed, and must instead be immediately incurred in order to give the deceased a decent burial "within days".
Key Aspects of the UAP Offer
Released: June 4, 2020; Revised: January 15, 2021
Last Expense Insurance is an important focus of attention in the insurance industry, certainly in Kenya. The idea is that a Last Expense payout helps people to cushion those that they leave behind, or those left behind by the departed, from the financial challenges (or horrors) of burying the dead and recovering from the broader angst of bereavement. More and more families realize from their own experiences and those of others that Last Expense cover offers a crucial financial shield to surviving family members who directly bear the costs of burying loved ones -- dependents, spouse and even parents -- and living with the immediate consequences of such loss.
In a new version released to Unashig in mid-January 2021, UAP Old Mutual has now significantly streamlined its Last Expense package, specifically with respect to the Agency with which a client may choose to deal with. Unasi Insurance Agency Ltd is specifically identified as the Intermediary.
Members keen to participate through Unasi Insurance Agency should fill the self-explanatory form provided at the link, and return it as an email attachment to: unashig.kenya@gmail.com. There is no minimum number of participating Members required for the cover to start for any individual, cohort or group. We will forward Members' details and payments to UAP as they are availed in full. We expect that this will be a continuous process.
Read/Download: UAP Last Expense Application Form and Cover Details w.e.f. January 2021.
Read/Download: UAP Last Expense Application Form and Cover Details w.e.f. January 2021.
Key Aspects of the UAP Offer
This consumer-friendly Last Expense package is being offered by the same insurer already providing health insurance cover to a growing number of Members and Shareholders of Unashig Kenya PLC. No one is required to settle for a standard premium attached to a uniform level of benefit for all participating clients regardless of family size. As in the health insurance cover offered to Unashig Members, Last Expense cover now offers flexibility and variable cost as well. For example, a nuclear family (defined as a Member+Spouse and up to 4 dependent children) which opts for the maximum cover of KES 500,000/- will pay a premium of only KES 5,976/-. Every extra child added beyond that limit of 4 will cost an extra KES 900/-. Likewise, each covered parent (of Member or Spouse) will cost KES 6,120/-.
In contrast, a nuclear family (as already defined) which opts for a cover of KES 250,000/- will pay a premium of only KES 2,992/-. Each extra child will add 500/- to the annual cost, while each parent will add 3,060/-.
Two other benefit limits are offered, and will cost even less, as you can see on the first page of the document made available. These are: (a) annual cover of KES 100,000/-, and (b) an annual cover of KES 150,000/-.
Other Key Provisions of UAP's Last Expense Cover
1. There is no minimum number of Unashig Members who must participate in the cover for it to take effect at any time.
1. There is no minimum number of Unashig Members who must participate in the cover for it to take effect at any time.
2. Only one spouse per Member is allowed
3 (a) Additional biological children of Member and Spouse, beyond the standard cap of 4 children, may be included in the cover at an extra premium per child ranging from KES 200/- to 900/-.
3 (b) Children who are legally adopted may also be covered under the same terms.
4. For a Member without a Spouse, up to 5 (five) biological children, instead of the standard 4 (four), may be included in the Member's cover without extra charge.
5. The minimum ENTRY age for a Member or Spouse is 18 years, while the maximum ENTRY age is 75 years.
6. Importantly, there is no MAXIMUM age beyond which a Member or Spouse may be denied cover, if they have continuously paid for the annual cover before, and are able to continue doing so.
7. For children, the minimum age for entry is 3 months, while the maximum age is 18 years.
8. For full-time students , the maximum age runs from 18 to 24 years -- depending on the duration of study provided for and confirmed by the learning institution concerned.
9. For biological parents and parents-in-law, the maximum age upon entry is 75 years, while there is no age-ceiling beyond which cover will be unavailable.
10. The policy for a given year lapses for a single Member with no covered dependents after a claim is made and paid, but the Member may renew the cover immediately by paying a new premium.
6. Importantly, there is no MAXIMUM age beyond which a Member or Spouse may be denied cover, if they have continuously paid for the annual cover before, and are able to continue doing so.
7. For children, the minimum age for entry is 3 months, while the maximum age is 18 years.
8. For full-time students , the maximum age runs from 18 to 24 years -- depending on the duration of study provided for and confirmed by the learning institution concerned.
9. For biological parents and parents-in-law, the maximum age upon entry is 75 years, while there is no age-ceiling beyond which cover will be unavailable.
10. The policy for a given year lapses for a single Member with no covered dependents after a claim is made and paid, but the Member may renew the cover immediately by paying a new premium.
11. For Members with 3 (three) or more family members covered, the policy for the year lapses after the third claim is paid, but will be renewed immediately upon paying a new premium for the next 12 months according to the family's new status and requirements.
12. For individuals with a cover of KES 500,000/- and with specified preconditions -- cancer, diabetes, hypertension, stroke, major organ failure (or organ transplant), heart disease/angina, or HIV related illness -- only KES 250,000/- will be paid if death occurs in the first year of cover. However, the full sum assured will be paid for other family members.
12. For individuals with a cover of KES 500,000/- and with specified preconditions -- cancer, diabetes, hypertension, stroke, major organ failure (or organ transplant), heart disease/angina, or HIV related illness -- only KES 250,000/- will be paid if death occurs in the first year of cover. However, the full sum assured will be paid for other family members.
13. No benefits will be paid for a natural death which occurs within 3 (three) months from the start of the cover (even if the full premium has been paid). However, there is no waiting period for accidental death.
14. Only KES 250,000/- will be paid within 48 hours to a family with a cover of KES 500,000/-, provided that the required documents are provided. The balance of KES 250,000/- will be paid upon the submission of the requisite death certificate. This rule applies in the first year of cover.
14. Only KES 250,000/- will be paid within 48 hours to a family with a cover of KES 500,000/-, provided that the required documents are provided. The balance of KES 250,000/- will be paid upon the submission of the requisite death certificate. This rule applies in the first year of cover.
15. Regardless of the number of Last Expense policies that an individual or family may be covered under, the maximum sum that shall be paid by the underwriter is KES 500,000/-.
16. The Insurance Act Cap 487 (Section 96) stipulates that a maximum of KES 100,000/- only shall be payable upon the death of an insured child under the age of 10 years.
Released: June 4, 2020; Revised: January 15, 2021
