Absa Life Assurance Kenya Umbrella Group Last Expense
Based on the search results, “ALAK Umbrella Group Last Expense” refers to a group insurance product offered by Absa Life Assurance Kenya Limited (ALAK). It is designed to ease the financial burden of funeral and last expenses for members of a registered group by providing a cash lump sum payout in the event of death or other covered circumstances
www.absalife.co.ke
Here are the key details about the ALAK Umbrella Group Last Expense cover:
1. What It Covers
- Death Benefit: Pays 100% of the sum assured regardless of whether the cause was accidental or due to illness
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- Accidental Permanent and Total Disability (PTD): Pays 100% of the sum assured upon accidental PTD
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- Critical Illness: Pays 50% of the sum assured upon the first-ever diagnosis of a critical illness. Once paid, the remaining sum assured is reduced by 50%, which can be settled later on death or PTD as a final payout
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2. Eligibility & Covered Members
Coverage is available through membership in a registered group. Once signed up, members are covered for life, subject to annual renewal and no breaks in cover
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. The eligible categories and age limits are:
- Principal Member & Spouse: 18 to 69 years at entry
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- Parents & Parents-in-Law: 30 to 84 years at entry
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- Children: 2 weeks to 21 years (up to 25 years with proof of being a full-time student)
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- Additional Adults (e.g., legal spouse, adult children, siblings): 1 to 64 years at entry
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3. Coverage Limits
- The maximum liability per life assured (Principal Member or Spouse) is KES 1,000,000
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- The maximum sum assured for any parent or parent-in-law is capped at KES 150,000 to KES 600,000 (depending on the specific policy terms and across all policies on one life)
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- The maximum sum assured for children below 10 years is KES 100,000
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4. Waiting Periods
- Accidental Death: Payable immediately, subject to full premium settlement
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- Illness-Related Death:
- 30 days (1 month) for the principal member, spouse, and children
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- 90 days (3 months) for parents, parents-in-law, and additional adults
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- 30 days (1 month) for the principal member, spouse, and children
- Critical Illness: 6 months deferred period for the principal member only
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5. Premiums
- Premiums are payable annually in advance
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- Family annual premiums range from KES 3,750 to KES 31,300, depending on the selected coverage option (ranging from KES 100,000 to KES 1,000,000 for the principal member)
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- There is no refund of premiums upon a member’s exit after the first 30 days of the policy, and new members joining mid-cover must pay the full annual premium
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6. Key Exclusions
Absa Life Assurance Kenya will not make payments for conditions or events arising directly from:
- Self-inflicted injury or attempted suicide within the first 12 months from the date of commencement or reinstatement of the policy
www.absalife.co.ke
- Radioactivity or nuclear explosion
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- Pre-existing conditions (subject to specific policy terms)
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7.How to Join
Required documents typically include a completed claim form, certified copies of the deceased/life assured’s and beneficiary’s ID/Passport, an original or certified copy of the death certificate, and a police abstract report (if death was due to an accident)
For further assistance, inquiries, or to explore tailored group last expense solutions (including the ALAK Umbrella Group Last Expense or similar comprehensive covers), you can reach out to Annex Insurance:
- Phone: 0724 547 669
- Email: info@annexinsurance.co.ke
Their team can provide personalized guidance, premium quotes, and dedicated support throughout the application and claims process to ensure your group’s financial protection needs are fully met.
