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I&M Faraja Last Expense Cover
I&M Faraja Last Expense Cover
The I&M Bank Faraja Last Expense Cover, offered through GA Life Assurance, provides financial protection for account holders and their immediate family members—including spouses, up to four children, two parents, and two parents-in-law—against the burden of funeral costs in the event of death from accident or illness.
Benefits
Financial Relief
Provides payouts of KShs 100,000 or 200,000 per covered individual (Principal, Spouse, up to 4 Children, 2 Parents, 2 Parents-in-law) to ease the financial burden of funeral expenses in the event of death due to accident or illness.
Rapid Claim Processing
Claims are processed and paid within 48 hours upon submission of required documentation, such as a completed claim form and burial permit, ensuring quick support during difficult times.
Affordable Premiums
Premiums are set at KShs 1,000 per KShs 100,000 of cover, making it cost-effective for account holders to protect their immediate family.
No Medical Exams
Coverage is provided without the need for medical examinations, simplifying the application process for eligible individuals.
Wide Eligibility
Covers Principals and Spouses (ages 18-65), Parents and Parents-in-law (ages 18-75), and Children (6 months-18 years).
Worldwide Coverage
Offers 24/7 coverage globally, ensuring protection regardless of location for both accidental and natural death (after a 3-month waiting period for natural death).
FAQs
- Spouse
- Children – Maximum 4
- Biological Parents - 2
- Parents In-law – 2
- No single life can be covered more than once under this Policy, even if nominated by different principal members. Incase of a claim, this benefit is only payable once per life assured.
- Customer & Spouse – 65 years
- Parents and Parents’ in-law – 75 years
- Children – 18 years
- Spouse, Parents & Parents in-law – Full names as per ID, ID Number & PIN Number
- Children – Full Names as per Birth Certificate
- 1 year renewable
- Please refer to the claims process document.
- NIL for Accidental deaths
- 6 Months - Illness related deaths
- Suicide
- Pandemic
- Unprescribed drug intoxication
- Active War
- Dangerous Sports
- Driving under the influence of alcohol above the permitted levels
- Pre-existing medical conditions
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