Simba Plan -Sum Assured – Kshs 10,000,000
Simba Plan is a life term policy under the Milele Life Plan offered by Diaspora Kenyans. Milele Life Plan shall pay on the occurrence of any of the following perils: permanent total disability, critical illness, and death.
Milele Life Cover is a specially packaged plan in which a single insurance contract covers many people. Diaspora Kenyans and a leading multinational life insurer have set up Milele Life Cover, where each person chooses their own sum insured from a given table of benefits and cost but their details are held individually. Upon joining a Member enjoys all benefits of a corporate group life insurance plan including a generous Free cover limit of Kshs 10,000,000.00 which is over and above what most corporate group life schemes in the market offer.
Last Expense (burial costs): Paid within 24 hours of notification of death and is an advance of the sum assured.
Waiting period: 90 days for illness-related death; NONE for accidental death.