Help Centre
Jubilee Smart Save combines disciplined saving, life insurance protection, and bonus accumulation in one solution. Unlike many ordinary savings approaches, it helps you stay disciplined and committed to personal financial goals while providing financial support to your loved ones if the unexpected happens.
Customers choose Jubilee Smart Save because it offers:
These features help individuals build financial security while working towards long-term objectives.
Medical reports may be required for applicants aged 54 years and above, or where the Sum Assured exceeds KES 7.5 million. Premiums may be adjusted based on the assessment of the medical results.
To apply for Jubilee Smart Save, you will need:
Additional requirements may apply depending on your age or the Sum Assured selected.
Yes. Jubilee Smart Save can help you build a dedicated fund for your future education expenses while benefiting from life insurance protection and bonus accumulation.
Yes. Jubilee Smart Save allows policyholders to enhance their cover through optional rider benefits available at an additional cost.
Available optional rider benefits include:
• Accidental Death Benefit
• Total and Permanent Disability Benefit
• Accident Hospitalization Benefit
• Last Expense Benefit
These riders provide additional financial protection beyond the core Jubilee Smart Save policy benefits.
Your policy may acquire surrender value after 24 months, provided all required premiums have been paid in full.
Yes. Jubilee Smart Save may acquire a surrender value after the policy has been active for at least 24 months and all due premiums have been paid. If you choose to exit the policy early, you may receive a surrender benefit based on the applicable surrender value.
Smart Save offers flexible payment options, including:
• Monthly
• Quarterly
• Semi-annually
• Annually
• Single premium payment
This allows policyholders to select a payment frequency that matches their budget and cash flow.
A terminal bonus is an additional benefit payable upon death or maturity. Under Jubilee Smart Save, the terminal bonus is equal to 100% of the accrued annual bonuses.
These are yearly benefits that may be declared on the policy. Jubilee Smart Save provides for annual bonuses of up to 4% of the Sum Assured per policy year. Once declared, these bonuses accumulate and become part of the policy benefits.
Upon maturity, you will receive:
• 100% of the Sum Assured
• Accrued annual bonuses
• A terminal bonus equal to 100% of the annual bonuses accrued.
The final maturity benefit depends on the policy terms and bonuses declared during the policy period.
Yes. Jubilee Smart Save includes life insurance protection. If the policy holder dies during the policy term, the named beneficiary receives the death benefit payable under the policy, including the Sum Assured and applicable bonuses.
In the event of death during the policy term, the beneficiary receives:
• 100% of the Sum Assured
• Accrued Annual bonuses
• A terminal bonus equal to 100% of accrued annual bonuses
Benefits are paid to the nominated beneficiary in accordance with policy provisions.
Jubilee Smart Save offers flexible policy terms ranging from 5 years to 20 years, allowing you to choose a duration that aligns with your dreams.
The minimum Sum Assured for a Jubilee Smart Save policy is KES 200,000.
Individuals aged 18 to 65 years can apply for Jubilee Smart Save. The maximum age at policy maturity is 70 years.
The plan provides a lump-sum maturity benefit and additional annual bonuses at the end of the selected period, funded through disciplined contributions, while also offering life insurance protection to enhance financial security.
Smart Save is a savings-oriented life insurance plan designed to help individuals build wealth in a disciplined and secure manner towards their future financial goals.