The demise or incapacity of a breadwinner is not only catastrophic to the immediate family; it imposes a considerable financial burden on their social networks. Many Kenyans opt to live with high levels of risk because insurance is expensive, inaccessible and it competes with other basic human needs.
At BimaNet, we understand that mitigating the financial impact of such calamities and planning financially for the future is the 4th most basic human need. That is why the Linda Fanaka ‘5 in 1’ bundle of insurance products is the most affordable, no nonsense
Life Insurance cover with benefits you can use whilst you are still alive
Life cover is payable upon the member’s death
Your beneficiaries get a lump sum in the unfortunate event of your passing
Finance your distinguished send-off without the anxiety of organizing fundraisers
Funeral Cover / Last Expense is also payable upon the member’s death; these funds are disbursed towards settling the funeral expenses.
Get Cash if you are diagnosed with a critical illness to top up your medical costs or start treatment
Critical Illness is paid out when the member is first diagnosed with one of the critical illnesses specified in our policy documents e.g. cancer, stroke, heart attack, kidney failure, Coronary Artery By-pass Surgery, Paraplegia and Major Organ Transplant
Augments your cover to exclusive clients
Accidental Permanent Total Disability (PTD) is payable if the member is permanently and totally disabled as a result of an accident and is unable to perform any work for wage or profit. Accidental Temporary Total Disability (TTD) is paid out if the member becomes totally but temporarily disabled as a result of an accident and is unable to perform any work for wage or profit for more than 3 consecutive working days. The sum assured is payable on a weekly basis for a maximum of 52 weeks.
Get paid every day you are admitted to the hospital
In-Hospital Cash Back is triggered if the customer is admitted for 2 or more consecutive nights as a result of an accident or illness at a registered NHIF hospital. The sum assured is payable for a maximum of 28 nights per year.
Customers who purchase Linda Fanaka are entitled to a Life insurance, Funeral Cover (Last Expense) Critical Illness cover, Accidental Disability and a daily In-Hospital Cash Back payout.
The sums assured ( money payable by the underwriter) for each tier of membership are illustrated in the table below;
- Life Cover
- Funeral Cover
- Critical Illness
- Accidental PTD
- Accidental TTD
- Daily Hospital Cash back
- Annual Premiums
- PTD: Permanent Total Disability
- TTD: Temporary Total Disability
Linda Fanaka also covers children between the ages of 3 months to 18 years free of charge. They are each entitled to a Life Cover of Ksh 100,000 and 50% of the main member’s critical Illness benefit.