Soma Plan Insurance
Invest in your child's education and financial security with the Soma Plan. Fund education expenses, build a solid financial foundation, and grow your savings through expert investment strategies. Ensure a bright and secure future for your child.
Some of the benefits
Personalised
Policyholder can adjust their premiums, and hence their sums assured, upwards or downwards to match their prevailing financial circumstances
Comprehensive solution
Cover available on either single life or joint life. Offers a discount on premium where lives are covered under a joint policy
Flexible
Policyholder can opt for contract terms ranging from 5 years to 20 years
No medical underwriting
No medical examination required for limits up to Kes 7,000,000
What is covered
- Death
- Permanent Disability
- Critical Illnesses
- Retrenchment
What you need
- Dully filled proposal form – Soma Plan Digital Proposal Form
- The principal applicants copies of National ID & KRA Pins
- The Spouse’s applicants copies of National ID & KRA Pins (Joint Life)
- The Child(ren) copy of birth certificate(s)(Optional when Funeral Benefit is not selected)
- Payment of first premium
What it costs
- Premium depends on the term, coverage, and health status.
NB: Rates change from time to time depending on the Insurance Regulatory Authority rates.
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What is covered
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What you need
-
What it costs
- Death
- Permanent Disability
- Critical Illnesses
- Retrenchment
- Dully filled proposal form – Soma Plan Digital Proposal Form
- The principal applicants copies of National ID & KRA Pins
- The Spouse’s applicants copies of National ID & KRA Pins (Joint Life)
- The Child(ren) copy of birth certificate(s)(Optional when Funeral Benefit is not selected)
- Payment of first premium
- Premium depends on the term, coverage, and health status.
NB: Rates change from time to time depending on the Insurance Regulatory Authority rates.