SUPER E – PLUS
What is Anticipated Endowment with 6 Consecutive Cash Bonuses?
Super E is an Education solution designed to meet future education expenses for your child as well as a Life insurance, Disability Insurance and Critical Illness insurance cover for you as the parent or guardian. The plan ensures that your child’s education is secure whether or not you are there. It offers annual guaranteed cash payouts that coincide with school fee payments in the last six years of the policy and on maturity, a guaranteed lump sum amount is paid out in the final year of the policy. This education plan allows you to save for a minimum of 10 years and a maximum of 25 years
ILLUSTRATION: CASH BENEFITS
Sum Assured Shs._ ____ Endowment period _____years
A total of 130% Cash Bonuses for 6 years will be payable on the last 6 policy anniversaries before maturity as follows:
1st Anniversary Shs._________________ 15% of S.A.
2nd Anniversary Shs. ________________ 15% of S.A.
3rd Anniversary Shs. _________________20% of S.A.
4th Anniversary Shs. _________________20% of S.A.
5th Anniversary Shs. _________________30% of S.A.
6th Anniversary Shs. _________________30% of S.A.
TOTAL BONUSES RECEIVED __
PLUS MATURITY SUM SHS. ___
ILLUSTRATION: CASH BENEFITS
AGE 30 POLICY TERM 15 YEARS PREMIUM PER MONTH 20,629
Sum assured: 2,000,000
15% of Sum Assured 300,000
15% of Sum Assured 300,000
20% of Sum Assured. 400,000
20% of Sum Assured.400,000
30% of Sum Assured. 600,000
30% of Sum Assured. 600,000
100% of Sum Assured 2,000,000
______________________________________________________________
TOTAL PREMIUMS PAYABLE 3,713,220
TOTAL CASH BENEFIT PAYABLE 4,600,000
TOTAL RETURN TO THE CLIENT 886,780
TAX RELIEF 15% per month 3,094.35
Tax Relief total savings 15 years 556,983
NB – Please note that the above is for illustration of benefits only and is not a part of the policy contract.
How can the Super E-Plus benefit you, your family and your business?
The policy shall provide security and protection as follows:
- Natural Death: If the insured dies, the company will:
- Waive future premiums – KShs.__
- Pay immediately 50% of the principal sum – KShs. _
- Pay total bonus of 130% of the principal sum – KShs.__
- Pay principal sum at maturity – KShs. __
- Accidental Death: On the accidental death of the insured, the company will:
- Waive future premiums – KShs. ___
- Pay 100% of the principal sum immediately –KShs. __
- Pay total bonuses of 130% of the principal sum – KShs. _
- Pay principal sum at maturity – KShs. __
- Living Benefits: If the insured contracts for the first time any of the listed critical or terminal illnesses, the company will:
- Waive future premiums – KShs. __
- Pay 50% of the principal sum immediately – KShs. __
- Pay total bonuses of 130% of the principal sum – KShs. __
- Pay principal sum at maturity – KShs. _
N.B. LISTED CRITICAL ILLNESSES ARE:
Cancer, Stroke, Heart Attack, Kidney Failure, Paraplegia or Paralysis, Coronary Artery Disease, Major Organ Transplant, e.g. Kidney transplant.
- Total and Permanent Incapacity due to an accident or sickness
– On the insured becoming subject to total and permanent disability as a result of accident or
sickness such that there is neither then nor at any time thereafter any work, occupation or
profession that the insured can ever sufficiently do or follow to earn or obtain any wages, compensation or profit and proves the same to the satisfaction of the Company, the policy will:-
– Waive future premiums – Shs. __
– Pay bonuses of 130% of the Principal Sum – Shs. _
– Pay principal sum on maturity. Shs. _
Other Benefits (Optional)
- Funeral Expense Benefit
On the natural or accidental death of the insured, the policy pays a funeral expense amount to the beneficiary (Minimum – Kshs. 20,000; Maximum Kshs. 200,000).
- Accidental Indemnity Policy Benefit
The policy pays specified amounts of hospitalization due to accident (Kshs. 200 – Kshs. 1,000 per day). It pays a weekly amount if the insured is continuously disabled for a maximum of 13 weeks (Kshs 500p.w to Kshs 2,000p.w)
It pays for loss of limb (s) or eye (s) through an accident including accidental death (Kshs. 40,000 – Kshs. 400,000).
It also pays for 100% of the Sum assured in the event of accidental death of the insured.
- Premium Discount Benefit
Premium discount of 10% offered for premiums in excess of Kshs. 5,000 and 15% discount on premiums of Kshs. 10,000 and more.
- Loan Facility
After the policy has been inforce for at least 3 years and is paid up to date, you can apply for a policy loan.
- Tax Relief
Given at 15% of the monthly premium.
Life Proposed: DOB Monthly Premium_
Financial advisor: Gallin Wekesa
gallywexa@gmail.com Mobile: 0712-870-447 (Whatsap Direct https://wa.me/254712870447)
When will the child start benefitting from e-plus
benson, the child starts benefiting from the plan depending on when the policy holder took the policy.
our policies have policy terms like 10-25 for super e, 7-18 for elimu bora, 8-22 for msingi poa.
for example, the minimum term for super e plus is 10 years, it means if one took a 10 year plan, they start benefitting from the 4th year to the 10th year because the plan gives 6 bonuses and 1 maturity, simply put, super e pays in the last 7 years of the policy, msing poa the last 4 years e.t.c
thank you.
what does a client get at the end of policy term?is it;-total premium payable
OR
-total cash benefit payable
OR
-total return to the client,
james, what a client get at the end of an endowment plan is the 100% of the amount of insurance they took, a.ka the sum assured. prior to that, the client is usally given bonuses depending on the plan they took, for example if it is a 4 year investment plan, and the client took a 16 year plan, the client would have gotten a 20% bonus after every fourth year of the policy.
am planning to join Britam.with monthly premium of 3000,policy term-4 years. what will be my sum assured?
you want a 4 year investment plan? kindly give me your email address i will give you a quote. include your date of birth. thank you.
gwwekesa@britam.com, 0712870447. get me there and i will give you all the information you need.
with 5000/ premium per month on 18yrs investment plan…how much is my sum assured on super Education plan?
hello sir
i have super e plus policy with britam. i have learnt that there is a tax relief of 15% of monthly premium paid. may i know if i can claim it this tax relief on my payslip from my employer and how.
thanks
obonyo festus
Festus, how much are you paying per month please.?
what happens to that money if the child dies or don’t want to pursue his or her education in high school level?
Annet, the bonuses and maturity sum are paid regardless of what happens to the child. Mode of benefits paymenet is by EFT and not directly to the school, we give you the money to concide with payment of school fees (if it is a school fees plan).
i am on a super E plus and i have been paying monthly 2326 for 2 yrs now can get a loan for the savings
Sylvia, partial maturity is normally 3 years. After a policy has been maintained by way of premium payment for at least 3 years, the company can give you a loan.
Festus, one gets a tax relief if they are paying monthly premiums of 5000 and above. when filing the tax returns, request a policy certificate from us to evidence that you have a policy with us and you will be given the relief. Thank you.
Hi, I have a 14 year super e plus policy that I started contributing sh. 3000 from august 2014, when will my son get the first benefits and how much could it be?
Robert,please email me your id number or policy number and i will check and revert the details to your email. Thank you.
What happens if i cancel a policy before its maturity period?
How can i get my contribution statement? Policy no.122-61133
Hi, I have a super e plus policy of 18years and have paid for about 4yrs now and I need a loan how much can I get having been paying 3017ksh per month
Please email me your id number or policy number. Then i will send the figure you can qualify on your mail. Thank You.
122-22930 BAK-0000004085 Njagi,Kelvin Njue, Njagi,Kelvin Njue, View
170-48812 170-48812 Barine,Kelvin Njue, Barine,Kelvin Njue, View
391-9501 BAK-0000128353 Waweru,Kelvin Njue, Waweru,Kelvin Njue, View
Which one among the three?