1. Property
Property Insurance
i. Domestic Package
This is an attractive comprehensive package for homeowners and occupiers which provides policy holders the benefit of six policies in a single package. It covers buildings, household contents, moveable and personal items, domestic servants, owner’s liability and occupier’s liability.
ii. Fire and Perils
This policy covers the risks of fire, lightning and explosion as a result of bursting of gas cylinders. The policy can be enhanced to cover additional perils such as earthquake, malicious damage, floods, riots and strike, bush fire and similar perils.
iii. Burglary Insurance
This policy covers loss or damage following the actual forcible and violent breaking into or out of the premises or any attempted threat
iv. All Risk
This policy covers loss or damage (except as excluded in the policy) to specified items of personal or delicate nature. It includes items such as watches, cameras, computer, calculators, microscopes, typewriters, medical equipment’s, video cameras, jewelry, television sets, radios, ipads ipods and mobile phones.
v. Machinery Breakdown
This policy covers all types of machinery plants, mechanical equipment and apparatus for faulty design and operation tearing due to centrifugal force.
vi. Electronic Equipment
The policy covers material damage for many types of low and medium power electrical plants for both material damage and loss of information suffered by external data media used in computing facilities.
vi. Machinery Break down Consequential Loss
This policy covers actual loss of profits sustained as a result of business interruption caused by machinery breakdown.
vii. Fidelity Guarantee
This policy covers loss of stores, stocks and/or money by any act of fraud or dishonesty by any insured employee during the policy period.
viii. Contractors All Risk.
This policy covers:
- Contract Works
- Construction Plant and Equipment Construction Machinery
- Third Party Liability
- Surrounding Property
ix. ELECTIONALL RISKS
This policy covers persons who assume a risk due to the election of a project.
x. Goods In transit Risks
This policy covers loss of or damage to goods while in transit either by rail or road.
xi. Cash (Money Insurance)
The policy covers loss of money (or theft by third parties who are not employees) as specified either while in transit or premises during or out of business hours. It also covers damage to safes and/or strong rooms.
xii. Marine
This policy provides cover for goods while in transit either by sea or air up to the warehouse.
xiii. Plate Glass
This policy covers accidental destruction or damage to all fixed glass, which includes windows, door glazing, fun lights and showcases, fixed mirrored glass and glazed partitions.
2. LIABILITY INSURANCE
Public Liability
i. Public Liability
This policy covers the property owner from legal liability claims which arise out of negligence. Such claims may be in respect of:
Bodily injury or accidental death. Loss or damage to property.
Legal expenses incurred with the written consent of the insurer.
i. Employer’s Liability Common Law
This policy covers the employer against legal liability under common law for damages and claimants’ costs related to bodily injury by accident or disease suffered by employee and directly related to negligence or breach of common law.
ii. Professional Indemnity
This policy covers professionals against third party claims incase of negligence in the course of their professional duties.
iV. Directors and Officers Liability
Covers directors and officers for any wrongful acts committed in their capacity as directors and officer where:
company is not permitted ( either legally or by its articles of Association ) to reimburse them.
The company reimbursement section covers the Company only in respect of any reimbursement that it is required, or permitted by law to make to its directors and officers against whom a legal action has been sought
v. work injury benefits act (WIBA)
This policy covers claims for bodily injury and/or disease brought by employees as provided under the Work Injury Benefits Act 2007.
3. Group Life Products
Group Life Products
i. GROUP FUNERAL EXPENSES
Covers funeral limits in the event of death of an insured member who is between age 1 and 18 years (children) and 18 and 75 years for adults.
Pays insured funeral benefit within 48 hours of death.
ii. GROUP LIFE ASSURANCE
Group life policy covers death and permanent disability in the event of the death of a member of the scheme provided he/she is still in the service of the employer or scheme holder. This cover enables the employer/scheme holder to alleviate the financial distress that might befall the dependents of an insured member upon his/ her death or permanent disability.
iii. GROUP CREDIT LIFE
Credit life insurance covers death and permanent disability in the event of the death of a member of an Institution. It is a life insurance policy designed to pay off a borrower’s debt if that borrower dies. The face value of a credit life insurance policy decreases proportionately with an outstanding loan amount as the loan is paid off over time until both reach zero value.
iv. Group Personal Accident
The policy provides compensation to an employer group for accidental bodily injury to the employees of the insured. Benefits extend to accidental death, disability, medical and funeral expenses.
4. Medical Insurance
Medical Insurance
Medical Insurance
Caters for medical expenses incurred by the insured members to meet their medical needs. The cover offers inpatient, outpatient, maternity, dental and optical benefits.
5. Individual and group pension plans
Individual and group pension plans
Pension plans are investment arrangements that allow an individual to allocate a part of their savings to accumulate over a period of time and provide them with a steady income after retirement. These plans are facilitated by employers but individual pension plans are also readily available in the market.
I. INDIVIDUAL PENSION PLAN
This is a pension plan for individuals who wish to diversify their saving options and also for those organizations that wish to set up a staff pension scheme for their employees without going through the hassles of registering a brand-new pension scheme
ii. UMBRELLA RETIREMENT BENEFITS SCHEME
Is a multi employer retirement benefit scheme open to groups (employers) who come together in a pool by making contributions into the scheme. The scheme provides for each employer to choose the level and type of benefits the employee shall enjoy at retirement. The Scheme is also NSSF ACT 2013 Tier II- contributions compliant.
iii. GUARANTEED FUND INVESTMENT- OCCUPATIONAL SCHEMES
Duly registered occupational schemes can also take advantage of the competitive rates of return that are always above market average that is offered by our guaranteed fund.
iv. ANNUITY PLAN
The product addresses the financial planning needs of people in or approaching retirement by converting a lump sum of at least 400,000 into periodic payments (monthly, quarterly, semi-annually and annually) with an aim to secure guaranteed income for life. Annuities provide a form of protection against the risk or outliving one’s assets by guaranteeing income payments. CIC Annuity plan is an immediate annuity with joint and single life options with the maximum guarantee period of 20 years.
6. Accident
Accident
Motor Insurance
This policy covers risk ranging from third part risks to comprehensive risk. For loss or damage to the motor vehicle as a results of fire, accident or theft. Against legal liabilities to third parties arising from loss or damage to property as well as third party injuries or death
ii. Travel Insurance
The policy covers worldwide travel by air, road, sea, rail and extends to medical emergencies, accidental death and disability, luggage delay and loss, flight delays and curtailment, and legal expenses for personal liabilities while abroad.
iii. CONSEQUENTIAL LOSS
The policy covers loss of profits as a result of fire.
7. Other Policies
Other Policies
i. CROP
The policy covers crops against a combination of perils namely drought, excess rains, flooding, hail damage, frost damage, uncontrollable pests and diseases, fire and related perils.
ii. LIVESTOCK
The policy compensates against death of insured livestock as a result of various perils namely uncontrollable diseases including epidemics, calving down, accidents, emergency slaughter on medical grounds, fire and related perils.
i. EDUCATION POLICIES
The policy allows you to accumulate funds to help you ease the burden of school fees while protecting you and your family against the worst that life can throw at you
8. Investments
Investments
UNIT TRUSTS
We offer a simple range of unit trust funds Anyone can invest from as little as Ksh. 5,000. Unit trusts allow you the flexibility to access you money at any time.
Money Market Fund:
For Investors who:
Are seeking capital preservation whilst not seeking long-term capital growth.
A short term parking bay for surplus funds particularly in times of market volatility. A high degree of capital stability & are strictly risk averse
Seek a reasonable return from a well diversified portfolio of fixed income securities.
Equity Fund:
For Investors who:
Are seeking long-term capital growth from a well-diversified portfolio
Typically have an investment horizon of more than four years Are comfortable with taking on some risk of market and potential capital loss.
Balanced Fund:
For Investors who:
Typically ready to invest over the medium to long-term.
Hold large cash balances but need extra returns at moderate risk. Seek to benefit from a well-diversified portfolio of market instruments.
Fixed Income Fund:
For Investors who:
Typically ready to invest over the medium-to-long term
Hold large cash balances but need extra returns at moderate risk Seek a reasonable return from a well-diversified portfolio of fixed income securities.
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