Target Savings

Target Savings Plan is designed as an investment and
protection policy geared towards securing savings for
future targeted needs.

The plan will protect your investment by offering a minimum life insurance cover depending on your monthly premium. The maximum life insurance cover provided under Target Savings is Ksh 1 million.

Features

Has a dedicated investment account which earns interest at a guaranteed rate of 6% per annum.

Minimum premium payable is Kshs. 1,000

Life cover terminates if premium remains unpaid for three consecutive months

Benefits

Depending on performance of the fund, the policy may earn a valuation surplus at the end of year.

Tax rebates on monthly premium contribution.

Tax free benefits on maturity benefits.

In-built death benefit depending on the member’s monthly contributions.

Surrender benefit is subject applicable penalties as per the policy.

Entry Eligibility

Minimum entry age is 18

Maximum entry age is 60

Policy Term

Minimum term of 5 years

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