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

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Insurance Premium Financing (IPF)

NCBA Insurance Premium Financing (IPF) gives you the flexibility to pay your insurance premiums in installments. This allows you to obtain your much-needed insurance coverage without liquidating other assets or offering up collateral as with ordinary loans. You get to enjoy cover benefits immediately without having to pay the full premium amount at once. NCBA Insurance Premium Financing gives you the freedom you need to go for the things that truly matter.

Covers

NCBA Insurance Premium Financing is available for:

  • Medical insurance
  • Motor insurance
  • Fire and Perils
  • Industrial All Risks (IAR)
  • Burglary
  • WIBA (Work Injury Benefits Act)

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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.

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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.

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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.

Interested in this cover?

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 

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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 

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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

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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.

 

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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

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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.

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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

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)

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

UAP Old Mutual takes care of the medical expenses in the selected list of providers.

The minimum premium cost is ksh.1000 per month.

Yes, you however need to have insurable interest e.g spouse/child

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)

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.

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.

Anyone who is below the age of 55 and not younger than 18 years.

Once you lodge a claim, submit medical reports and meet requirements, we shall make payment within 2 weeks.

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.

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.

The cover is effective only for us long as you are paying premiums. There are no additional consequences for non- remittance of premiums.

Yes. You can pay your premiums monthly, quarterly, semi-annually or annually.

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.

Get a quote

  • Please enter a number greater than or equal to 200000.

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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.

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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

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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

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Sounds like a deal?