BRITAM FARIJI FUNERAL PLAN

Fariji Funeral Plan

What is Fariji Funeral Plan? Fariji Plan is a funeral plan from Britam that will help your family cater for your funeral expenses in the event of your death and give them peace of mind when they need it most.

Funeral plan provides protection cover only. Premiums are paid throughout the life of the insured with benefits including that the sum assured is applicable to each family member, no limit on the number and the maximum insured age is 82 years. Minimum entry age is 18 years, maximum entry age is 65 years.

How does it work? Anyone who meets the eligibility criteria can purchase cash benefit from as low as Kshs 100,000 up to a maximum of Kshs 500,000.

Some of the benefits include:

• 50% of the cash benefit is paid within 72 hours of notification to Britam though a burial permit and the 50% upon submission of death certificate.
• No medical examinations are required
• Cash benefit and premium payable are guaranteed up to your 75th birthday
• The cash benefit is paid to your beneficiary and they have discretion on how it will be utilized
• Chamas and groups can also take up the cover.

Why take a Funeral Plan?

1. Funerals can be expensive, costing perhaps several thousands, and many people worry that when they die, they won’t leave enough money for their funeral.
2. With a funeral plan, you arrange and pay for it in advance.
3. You can arrange a funeral plan for your own funeral or for someone else’s.

Why smart Kenyans buy funeral insurance.

Planning for a funeral is a painful process. The emotions, the disagreements, and the pain of losing a loved one are usually just a part of the stresses that a bereaved family goes through. (Adapted from insureafrika.com)

Finances usually compound the pain. For a long time, many Kenyans, especially those from counties far from the city have usually come together in welfare associations that among other things, usually raise funds to meet funeral expenses.

Many of these welfare associations are having a harder time as more people (especially the second and subsequent generations born in urban areas) identify less with their ancestral homes. The weakening of social nets in our modernizing society means that the nuclear family will become increasingly strained when it comes to planning for funerals.

Here are some reasons why smart people are turning to funeral insurance to lift the heavy burden of planning for funerals:

1. Funeral insurance is inexpensive.
2. Without a funeral insurance cover.
3. Your immediate family will hurt more.
4. No one can predict death.

 

Entry Age	Sum Assured	Monthly Premium
Tier 1	Kshs.	Kshs.
35	100,000	160
45	100,000	204
55	100,000	274
Tier 2	Kshs.	Kshs.
35	250,000	400
45	250,000	510
55	250,000	685
Tier 3	Kshs.	Kshs.
35	500,000	800
45	500,000	1,020
55	500,000	1,370

ILLUSTRATION

 

Frequency	Premium	Annual Tax Relief	Discount
Monthly	902.25	1,624.05	0.00
Quarterly	2,688.70	1,624.05	18.05
Half-Yearly	5,305.23	1,624.05	108.27
Annually	10,366.85	1,624.05	460.15

FOR MORE INFORMATION ON HOW TO SIGN UP

CONTACT Gallin Wekesa-Financial Advisor-Britam.

0712 870 447- gallywexa@gmail.com