Introduction:
Faida Elimu Insurance Plan is an investment linked education savings plan that gives you confidence that no matter what life brings, your child’s learning continues. From early years to higher education, each milestone is supported, each transition prepared for, and each dream safeguarded.
With Faida Elimu, you build a dedicated education fund while protecting your child’s future, giving you the peace of mind that their education journey stays on track.
Key Benefits:
Start Saving with What You Can
Begin from KES 5,000 monthly or a KES 100,000 one-time investment.
Flexible Payments That Fit Your Life
Choose monthly, quarterly, yearly, or top up anytime.
Your Child’s Education Stays Protected
If death or disability occurs, future premiums are paid for you.
Immediate Support for Your Family
Your family receives KES 100,000 within 48 hours for last expenses.
Receive Your Full Savings at Maturity
Get 100% of your fund value at the end of the plan.
Peace of Mind
Ensure your child goes further than you ever did, without anything limiting their dreams.
Plan is suitable for:
- Parents with children aged 0 – 18 years.
- Parents avoiding education anxiety by planning ahead for their child.
- Individuals seeking disciplined savings with protection.
- Available to individuals aged 18 – 65 years.
How to apply for a personalised quote:
- Request for a call back by filling the website form
- SMS ‘Elimu’ to 24464 to request callback
- Visit any of our branches country wide
- Speak to our professional Financial advisors online.
For more information see product brochure
FAQs
To sign up, you need to provide a copy of your National ID, your KRA PIN, and a duly filled application form.
The plan includes a Waiver of Premium benefit. In the event of the policyholder’s death or total permanent disability, Jubilee will waive all future premiums, ensuring the policy remains in force so the child’s education stays protected. Additionally, a Last Expense Benefit of KES 100,000 is paid out within 48 hours to assist with burial expenses.
The policy term ranges from 5 to 15 years. While it is a long-term savings plan, you are allowed partial withdrawals of 10% of the fund value per policy year after the first two years. Full withdrawals are possible from the first year, though charges apply if you withdraw within the first 36 months.
You can start saving with a minimum monthly contribution of KES 5,000. Alternatively, you can choose to make a one-off single premium payment of KES 100,000.
The plan is available to individuals between the ages of 18 and 65 years. The maximum age at which the policy can mature is 90 years.
