Life Savings

//Product Type - Term Life (attached to savings accounts)

Life Savings Insurance

The distribution partner types are Banks, Saccos, Coops, Retailers.

Voluntary annual term life insurance attached to postal savings accounts, with premiums deducted from annual interest earned .

This is a group product, Voluntary opt-in.

Awesome Image

What does Life Savings cover?

    • Death of Savings Account holder
//Insurance Type

Sum Insured- Savings amount with option to double the same for double the premium.

Premium Rate- TBA Premium is deducted from annual interest payment on the savings account

Premium Payment- Annual

Product automatically renews for another year if it is not cancelled by the insured