Career Life Plus

This is an insurance policy that enables you to build a fund over a period of time, so as to enable you pay for your child’s school fees requirements as and when they fall due.

It also ensures that your child’s fee required is available even in the unfortunate event that you die.

With Career Life Plus:

• The parent is the life assured and a named child is the beneficiary

• Benefits and bonuses are payable based on the sum assured and policy term chosen by you

• Premiums are pre-determined and fixed, based on your selection

• The policy term can vary from 5 to 20 years depending on your financial plan

• Premium payments can be made monthly, quarterly, semi-annually or annually through a variety of convenient methods

Why Career Life Plus plan?

  1. Financial security: This plan allows for a disciplined, systematic and easy way to save for your child’s financial education needs.

  2. Fixed premiums: The sum assured and premiums are determined at the onset and they remain fixed throughout the term of the policy.

  3. Flexible term: The plan also has a (saving period) which ranges from 5 to 20 years, which will be chosen by you, and this will depend on when you require the fund

What are riders and why should I take them?

Riders are additional benefits at relatively additional low cost that come as compliments to your plan and offer

The riders include:

  1. Accidental death benefit: where an additional amount equal to the sum assured will be paid in the event that you die due to an accident.

  2. Total & Permanent Disability: where an amount equal to the sum assured will be paid to you over a period of 36 months in the event that you become disabled, as a result of an accident.

  3. Waiver of premiums: in the event that you become totally and permanently disabled due to an accident or illness, all future premiums will be waived and the policy will remain in force.

  4. Accident hospitalization benefit: In case of an accident leading to the injury and hospitalisation of the life asured, Jubilee will reimburse the medical expenses incurred subject to a maximum of 40% of the policy sum assured but not exceeding Kes 250,000.

  5. Child Accident Hospitalisation: In case of an accident leading to the injury and hospitalisatin of the chil
    reimbursed subject to a maximum of 40% of the basic sum assured but not exceeding Kes 250,000.

  6. Last Expense: where a fixed amount of Kes100,000 will be paid to your name beneficiary in the event of deat
    required documents, to cater for your burial expenses. The beneficiary child is covered for the sum of Kes 50,000.

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