Car Insurance
NCBA Car Insurance is designed to protect you, your assets, others, and property in the event of a collision, theft, or natural disaster. Our offering includes benefits such as a courtesy car, and a personal accident cover.
Covers
- Personal injury protection
- Liability coverage
- Comprehensive insurance
- Excess protector
- Political violence, terrorism, riots and strikes protection
NCBA Educator
NCBA Educator is an education policy we have developed to enable you to meet the education expenses of your child. It is designed to enable a parent or guardian to put aside as little as Kes 2,000.00 monthly and receive a lump sum payment at the end of the policy term. In addition, it allows one to save for an asset, venture or financial goal, not limited to education, thereby making this a very flexible solution for anyone who wishes to save for the future. It also allows one to generate, grow and protect their wealth, as they nurture their dreams. Further, it gives 15% tax relief on the monthly premium up to a maximum of Kes 5,000.00.
| Benefits | ||
| 1 | Guaranteed return on investment | Full knowledge of return on maturity, making the pay-out predictable. In addition, the solution cushions/protects one’s saving from fluctuations that may be caused by a difficult economic environment. |
| 2 | Competitive returns | Offers superior returns compared to the industry. |
| 3 | Enhanced free medical underwriting | No medical examinations for sum assured up to Kes. 7M, thereby reducing customer effort. |
| 4 | Inbuilt waiver of premium. | Future premiums upon premature loss of life are paid by the underwriter. |
| 5 | Lump sum payment | On maturity, a one-off payment is made to the investor. |
| 6 | Policy re-dating | Push forward of maturity date without paying arrears. |
| 7 | Flexible payment frequency | Allows for monthly, quarterly, half-yearly and annual premium payments. |
| 8 | Premium discounts | Quarterly, half-yearly and annual premium payments enjoy competitive discounts. |
| 9 | Reinstatement | Lapsed policies can be reinstated when arrears are paid without suffering any penalty. |
| 10 | Ease of cover changes e.g. enhancements | The investor is allowed to increase the premium payable should circumstances warrant a mid-term amendment of the premiums payable. It also allows for premium downgrades, should circumstances warrant this. |
| Optional Benefits | ||
| 1 | Unemployment benefit | The insurer pays an equivalent of 6 monthly premium payments should the investor lose their income due to retrenchment or winding down of employer’s business. |
| 2 | Second Medical Opinion | Benefit offers access to access a medical second opinion from world-leading medical centres as and when it would be required. This benefit is extended to the insured, spouse and unlimited named children. It helps confirm the accuracy of diagnosis, explore treatment options available, and change/ optimize treatment options |
| 3 | Enhanced critical illness cover | In the unfortunate first diagnosis of a critical illness, the policy will payout 50% of the sum assured (up to a maximum limit of Kes 5M) to assist alleviate any expenses that may be incurred. |
| 4 | Permanent Total Disability | Benefit makes a payout up to the full sum assured in the event the investor is permanently totally disabled as a result of an illness or accident. |
| 5 | Double Death Benefit (Accident and Sickness) | Pays immediate sum assured, future premiums are waived and still pays on maturity. |
| 6 | Tax incentive | The investor enjoys a tax relief of 15% up to a maximum of Kes 5,000 per month (Kes. 60K) per annum. |
| Requirements | Premium payment Frequency |
| 1. Copy of Identification | 1. Monthly |
| 2. KRA PIN | 2. Quarterly |
| 3. Passport size photograph | 3. Half–yearly and |
| 4. Completed proposal form | 4. Annually |
| 5. First premium payment | |
| 6. Completed authority for future premium payments |
Insurance Premium Financing (IPF)
NCBA Medicare is a medical cover we have collaboratively developed with Britam to enable you to cater to your employees and their family’s health for as little as KES. 15,000 per year. It is designed to be affordable and to give you the peace of mind that in the event of a medical need, it will be covered. Any organization with 2 or more employees is eligible for this great and affordable medical cover.
| Benefits | ||
| 1 | In-Patient |
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| 2 | Out-Patient |
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| 3 | Hospital network |
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| 4 | COVID |
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| 5 | Funeral Benefit |
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| 6 | Waiting Periods |
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| Requirements | Eligibility |
| 1. Copy of Identification |
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| 2. Passport-size photographs of the employees | |
| 3. Completed proposal form |
NCBA Medicare
NCBA Medicare is a medical cover we have collaboratively developed with Britam to enable you to cater to your employees and their families' health for as little as KES. 15,000 per year. It is designed to be affordable and to give you the peace of mind that in the event of a medical need, it will be covered. Any organization with 2 or more employees is eligible for this great and affordable medical cover.
| Benefits | ||
| 1 | In-Patient |
|
| 2 | Out-Patient |
|
| 3 | Hospital network |
|
| 4 | COVID |
|
| 5 | Funeral Benefit |
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| 6 | Waiting Periods |
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| Requirements | Eligibility |
| 1. Copy of Identification |
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| 2. Passport-size photographs of the employees | |
| 3. Completed proposal form |
Home Insurance
NCBA Home insurance is a competitive, tailor-made and affordable package that helps protects your investment, and you, in case of accidents or theft.
Covers
- Loss or damage to home appliances such as electronics, mobile phones, laptops, jewelry etc.
- Can be extended to cover domestic workers and any liability that may arise.
Credit Life
This insurance solution covers you in the event of death, disability or retrenchment that may prevent you from earning income to service the debt.
Last Expense
The NCBA Last Expense is an insurance policy that helps you and your family deal with the burden of meeting the burial expenses on the death of a family member. This policy offers you the following benefits;
Covers
- A decent send off to your loved ones.
- No financial burden to your loved ones.
- Ability to extend coverage to your parents and parents in-law.
- Premiums are payable upfront with no waiting period on accidental death.
- An annual renewable policy.
- Flexibility of reviewing your limits on renewal.
Card Insurance
Be protected against fraudulent transactions on your credit card. This policy also covers you in the event of a card holder’s death, where the outstanding credit card balance is settled.
Covers
- Permanent and total disability
- Critical illness
Health Insurance
No one plans to get sick or hurt, but most people need medical care at some point, which can be costly. Health insurance protects you from unexpected, high medical costs and with our health insurance providers you pay less.
Covers
- Inpatient
- Outpatient
- Maternity
- Dental
- Optical
NCBA Thrive
NCBA Bancassurance intermediary limited has partnered with Old Mutual to develop a medical cover called NCBA Thrive. NCBA Thrive is a comprehensive medical cover that will include both Inpatient and Outpatient options available to both local and diaspora NCBA customers
Features:
- Affordable – No co-pay for inpatient cover
- Covid-19 coverage of up to 1M for treatment requiring ICU/HDU admissions (at no additional charge)
- Eligibility – Persons from birth to Seventy Five (75) years can join. Existing members remain in the scheme up to the age of Eighty (80)
- Convenient- Covers air and road evacuation
- Market-leading 6-month waiting period (shortest in the market) for Chronic and Pre-existing conditions
- Very wide provider panel
- Comprehensive benefits.
- Overseas referral
For more information on the general cover scope, please download the Brochure below.
Income Protector
Income protection insurance replaces the income lost through your inability to work due to injury or sickness. It is especially suitable for self-employed people, small business owners or professionals whose business relies heavily on their ability to work.
Covers
- Loss of life
- Income loss
- Retrenchment benefit
- Funeral benefit
Home Insurance
Home insurance is a competitive, tailor-made and affordable package that helps protects your investment, and you, in case of accidents or theft.
Covers
- Loss or damage to home appliances such as furniture, electronics, mobile phones, laptops, jewellery etc.
- Can be extended to cover domestic workers and any liability that may arise.
Home insurance is a competitive, tailor-made and affordable package that helps protects your investment, and you, in case of accidents or theft.
Critical Illness
Even with comprehensive medical insurance, you could still encounter financial challenges if diagnosed with a critical illness. With this cover you can get a lump sum benefit upon first diagnosis, or structure it to make serial payments based treatments and conditions, locally or abroad.
Covers
- Major and life-threatening diseases such as cancer, stroke, heart attack, renal or kidney failure and others.
- Major organ transplants.
- Major surgical procedures such as open-heart surgery, aortic surgery, and others.
FAQ's
What do I need to do to have a critical illness cover?
Fill up a critical illness application form, pay your initial premium, have medical examinations done (But we have extended the period to do medical exams to within 3 months of cover during this Covid period)
What are some of the critical illnesses?
Heart Attack ,Cancer, Stroke, Open Heart Surgery, Aortic surgery, Major organ transplant –of heart, lung , liver , kidney , pancreas , bone marrow, Accidental Brain Damage, Kidney Failure, Paralysis, Multiple sclerosis, Motor Neurone Disease, Dementia (including Alzheimer’s Disease), Parkinsonism, Connective Tissue Disease: Rheumatoid Arthritis, Coma, Muscular Dystrophy
Who pays for the medical examinations when I am buying a critical illness cover?
UAP Old Mutual takes care of the medical expenses in the selected list of providers.
What will it cost me to secure a critical illness cover?
The minimum premium cost is ksh.1000 per month.
Can I buy a severe illness cover for my loved one?
Yes, you however need to have insurable interest e.g spouse/child
How soon can I get severe illness benefits once I have purchased the cover?
Once the cover has been accepted. I.e. after you have paid your premiums and have successfully undergone medical examinations. (During this Covid period you can go on cover immediately without taking medical examination up front but they must be done within 3 months)
How much will I be paid when my critical illness cover matures?
Upon diagnosis of a critical illness (not maturity), UAP Old mutual pays you a lumspum amount ranging from 1 million to 15 million depending on the sum assured you bought. We pay you the whole amount upfront.
Will I be restricted to your panel of Hospitals when seeking treatment and management of severe illness?
No. You are free to seek treatment at a hospital of your choice, locally or abroad as the money is disbursed to you and not the hospital.
Who qualifies for Critical illness Cover
Anyone who is below the age of 55 and not younger than 18 years.
How long does the payment take?
Once you lodge a claim, submit medical reports and meet requirements, we shall make payment within 2 weeks.
What happens if the insured passes away?
We are interested in you keeping you alive by providing the money for treatment. However, there is an option to purchase life cover at the beginning of the policy, if a customer chooses the same, UAP old mutual will pay the nominated beneficiary the equivalent of the sum assured.
Is this a medical cover?
No this is not a medical cover in the sense that it does not pay for your normal diseases like malaria etc. It only pays in case you are diagnosed with a critical illness. Secondly, it pays you a lump sum upfront and does not limit you to a panel of hospitals.
If I take a 10-year plan is there any repercussions for not continuing to pay my premiums?
The cover is effective only for us long as you are paying premiums. There are no additional consequences for non- remittance of premiums.
Can I pay my premiums in installments?
Yes. You can pay your premiums monthly, quarterly, semi-annually or annually.
Is COVID-19 covered?
Covid-19 is not considered a critical illness. However, in case one dies from Covid-19, the policy will pay if they had picked the life option, which is part of the package.
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Cigna Medistar International Health Cover
Cigna-Medistar is an international health solution that covers you anywhere in the world, offering both inpatient and outpatient medical cover on a global scale.
Covers
- Access to medical treatment from over 1,000,000 healthcare providers worldwide.
- Uncapped cover for pre-existing conditions, cancer, HIV, chronic and congenital conditions.
- Repatriation and evacuation services as no extra cost.
- A wide choice of medical plans competitively priced for you and your family.
- Maternity, dental, and optical treatment.
Travel Insurance
Go wherever you wish with the knowledge that our travel insurance offers a comprehensive, worldwide cover that insures you against risks related to travel for you and your entourage.
Covers
- Medical expenses including optical, dental and follow-up treatment.
- Emergency evacuation
- Trip cancellation or interruption
- Accidental death
- Injury or disablement benefit
- Repatriation of mortal remains
- Burial expenses
- Loss, theft or damage to personal possessions, travel documents and money
- Loss of, or delayed baggage
- Legal assistance abroad
- Personal liability
- Hijackings
Personal Accident
Protect yourself or your loved ones financially in the event that you suffer an accident or disability.
Covers
- Death
- Permanent disability
- Temporary loss of income due to disablement
- Last Expense
- Medical expenses arising from an accident
Sounds like a deal?