What is Elimika Education Plan?
- Your savings gain a cash value after 2 years
- You can choose how long you want to save for, between 5 and 21 years
- We guarantee access to all your savings on maturity.
- Our savings plan comes with a life cover benefit.
- You are entitled to tax relief of 15% of your premiums.
- When you pass on before your savings period expires, we'll pay the remaining premiums on your behalf and still pay for your child's fees on maturity.
The proposer sitting/speaking with an agent chooses the desired cover, the agent runs a quotation in relation to the sum assured client desires or the amount of premium they want to save. The proposer in the presence of the agent then completes the application/proposal form and provides the required documentation (new business requirements). The agent then submits the application to Branch Support Officers who capture the client's information in the system to kickstart the new business process.
- War and terrorism activities
- Radioactivity or nuclear explosion
- Intentional intake of drugs and/or alcohol
- Violation of criminal law by Life Assured
- M-Pesa
- Direct Debit
- Check off
- Standing Order
- Cheque
- Airtel money
- Direct bank deposit
The amount you pay as premiums is determined by your goal and affordability.
No death benefit will be payable if death occurs as a result of:
There are various payment options you can use to make your premium contributions. These are:
All bank deposits, standing orders and direct debit payments for Elimika Education Plan should be made to:
Mpesa
Business Number: 505000
Account Number: Policy number
Bank details
Beneficiary Account: UAP Life Assurance Co. Ltd
Bank: Standard Chartered Bank Kenya Ltd
Branch: Yaya Centre
A/C No.: 010 2069 386 500
Swift Code: SCBLKENXXXX
Payment Reference Number: Policy Number
Beneficiary Account: UAP Life Assurance Co. Ltd
Bank: Faulu Bank
Branch: Kimathi
A/C No.: 100-316-054-4
Payment Reference Number: Policy Number