VIP Multiplier

VIP Multiplier is a policy designed to meet the needs of the informed sector. This plan offers consistent growth in terms of capital appreciation better than the average market investment returns in the long run. The plan adopts a conservative approach aimed at capital preservation and income guarantee suitable for conservative investors.

Features

Minimum single premium investment is Kshs. 500,000.

Top up Option of a minimum of Kshs. 10,000 at the discretion of the policyholder.

Allowable withdrawal of 7.5% of the account balance from the second year of the policy and after every two years thereafter.

Flexible payment of maturity benefits as Lump sum, annuity or a combination of lump sum and annuity.

Annual Statement of accounts will be issued to policyholders.

Benefits

Minimum guaranteed interest of 8% per annum.

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

Tax exemption on investment and maturity benefits.

Full withdrawal is subject to surrender penalty as per policy.

Free Natural death benefit of 30% of capital sum with a maximum of Kshs. 300,000. The benefit is prorated as per the number of years completed.

Entry Eligibility

Minimum entry age is 18

Maximum entry age is 60

Policy Term

Minimum term of 5 years

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VIP Multiplier

Features

Benefits

Entry Eligibility

Policy Term

Group Life

Individual Life

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