Flexi-3 Plan

This is an investment and protection product.
Capex Life Assurance understands that arranging for a successful future can not only be exciting but challenging considering where and how to start. With Flexi 3, we guarantee your dreams and success with a sound investment plan backed by a protection guarantee.
This plan provides a savings platform to meet any of your personal and family needs.

Features

Dedicated investment account is opened for your policy over a period of time

Returns on investment account is guaranteed at interest rate of 6%

Funds invested in a balanced fund to maximize returns

Optional cash injection to the investment account

One year waiting period on natural death for sum assured below Kshs. 1,000,000. There is no waiting period for accidental death

Free Cover Limit of Kshs. 1,000,000

Benefits

A minimum guaranteed annual target rate as provided at commencement.

At maturity, the total accumulation in the investment account is payable including all the returns.

Flexible partial withdrawal equal to 25% of the investment accounts after every 1/3 rd of policy period. Total balance plus accrued benefits are payable at maturity.

Sum assured becomes payable upon the death before maturity of the plan.

Permanent and temporary disability benefit, critical illness benefit, waiver of premium, critical expense and last expense benefit available.

Flexi -3 plan is divided into two distinct products suited for specific consumer groups as follows:

Premium Payment

Premiums are payable monthly, quarterly, semi-annually or annually depending on the investor’s choice by cheque or standing order or by Mpesa. Cash payment is not accepted.

The monthly contribution is distributed as follows:

Risk premium

Investment amount (Allocated percentage)

Risk Premium is calculated on the basis of the age of the member at the time of cover

The total premium less risk premium and policy fee forms the investment account.

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Flexi-3 Plan

Features

Benefits

Premium Payment

Group Life

Individual Life

Official info:

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