What is Rafiki Halisi Investment Plan?
Get the best of both with a cover that works as both an investment plan and life cover. It's suitable for individuals aged between 18 and 55 and the policies term can be between 10 and 20 years. It also has flexible premium payment plans. Premiums can be paid monthly, quarterly, annually or via single payment. The cover is unit-linked and the maturity benefit payable is subject to market performance.
- Maturity - At maturity 100% of the accumulated unit fund is payable, this consists of the total premium contributions plus interest less charges
- Life Cover - A term cover worth 10 times the monthly contributions are available
- Tax relief - The policy allows for a tax relief worth 15% of the premiums subject to a maximum relief of Kes. 5,000 monthly
- Minimum monthly premium contributions of Kes. 1,000 and a maximum of Kes 6,500
- The policy allows for a premium holiday of up to six months every five year period during the policy’s term
- Policy alterations such as premium frequency change, premium increase, or decrease are allowed
- The policy acquires a cash value after 3 years.
