Group Last Expense
What is Group Last Expense
With Group Last Expense we offer your employees affordable insurance to cover all their funeral expenses.
For membership, it takes 20 members with an upper limit of age next birthday as 65 years. Spouse(s), children and parents of members can be included into the scheme as dependents. However, dependent children ought to be between 1 and 21 years. This cover can sometimes extend to 25 years of age if the dependent is still in school.
Application requirements
- The group must be a registered society either with the Registrar of Societies or by the relevant Government Ministry
- We’ll require the group to complete and submit a group proposal form upon receipt of which we shall issue the policy document to them
- Individual members will not be required to complete proposal forms. They must submit the list of members proposed for cover and their dependants where applicable
- We’ll require identification documents of the members, e.g. a copy of the ID card, copy of passport and birth certificates for children
- Newly recruited members of the group can join the scheme at any time during the year upon which we shall be advised to include them in to the scheme
- The group will provide us with their names and we will in turn advise them of the proportionate premium payable in respect of the new entrants
- There is a six-month waiting period (from the date of commencement of the policy) within which claims arising out of death as a result of sickness are excluded. The waiting period will also apply on any new entrant from the date they are admitted as members of the scheme
- There is no waiting period for death caused by accident.
Premium rates
- The premium rates are negotiable and once agreed, the premium should be paid in advance at the commencement of cover
- The subsequent premiums will be calculated at the renewal date, subject to any changes within the group, claims experience or changes made by the company
- It is upon the group to decide on the level of cover per member. The level decided upon shall be uniform for all the adult members of the scheme. However, the cover for dependent children can either be the same as that of adults or half of that of adult members, in which case the decided level of cover shall apply uniformly to all children under the scheme
- The minimum benefits a group can take is KSh30 000 and the maximum is KSh200 000. However, the maximum level of cover for children of the age of 10 years and below is limited to KSh100 000
Claims
- The group will require
- a death notification form
- a burial permit
- a copy of the National identity card of the deceased
- a letter from the doctor certifying death
- a mortuary acceptance certificate
- The claims will be paid within 48 working hours or 2 working days on receipt of all the requirements.
- For a member with dependants, the cover for the dependants continue until the expiry of the underwriting year in which death occurred.
*Our Group Life Products do not have an HIV/Aids exclusion clause
**The requirements indicated are the basic but non – exhaustive KYC requirements.