Flexi Hela

Flexi Hela is a flexible savings solution that allows you to save while benefitting from life cover for you and your family. It has an open-ended term so you can enjoy the benefits and continue to save as long as your policy is active.

Product features

Savings contributions
You can choose to invest any amount, which will grow at the declared interest rate. You can make changes to your contribution anytime.

Life cover
A maximum number of 11 lives (of several types) can be covered on the policy. Children under 10 will be covered for a maximum of KSh 100,000.

Waiting period
A six-month waiting period will apply after the start date of the policy, or after any kind of alterations are made.

Loans
No loans will be allowed under this policy.

FlexiAcademic Plus

As a parent we understand that giving your child an education is a priority. We also know that securing one nowadays is increasingly becoming costly. Let’s give you a hand as you begin planning and saving for your child’s future.

Start saving with our FlexiAcademic Plus plan and secure the best possible education for him or her.

Frequently Asked Questions

What makes the policy different from any other education policy?
This policy entitles you to four equal annual payouts plus bonuses.

How much will I get at the end of my policy?
Total sum assured plus bonuses paid in four equal instalments.

Who can be covered by the policy?
Any person between the age of 18 and 65 years.

What other benefits does the policy offer?
Waiver of premium on death and total disability accident benefit which covers the life assured for a sum equivalent to the sum assured on accidental death.

What happens when I die before my policy matures?
Sanlam will pay your premium until the maturity date and pay the proceeds to the beneficiary.

What happens when I become permanently and totally disabled?
In the event you become permanently and totally disabled to the extent of being wholly and continuously unable to engage in any occupation, business or work for remuneration, Sanlam Life Insurance will pay your premium until the maturity date.

FlexiSaver Plus

This product is fashioned to assist you save for any event in the future.

Product features

• FlexiSaver plus maturities are payable every four years based on the sum assured and policy term chosen
• The policy terms are 12, 16, 20 and 24 years depending on your financial plan
• Apart from great savings, protection is key on critical illness, permanent total disability and death
• Policy loans at reasonable interest
• The policy may be used as security subject to the cash value of the policy at the time and any other conditions at the discretion of the companyg981730
• The policy has a tax relief benefit that the life assured enjoys
• The policy sum assured, and payouts are guaranteed

Maturity benefits

The policy will pay a defined percentage sum assured on maturity to the life assured as below.

Death benefit

On death of the life assured caused by an accident or natural causes, 100% of the sum assured irrespective of partial benefits is paid out to the nominated beneficiaries.

Compulsory benefits (riders)

Double accident benefit

In the event the life assured dies or is permanently disabled due to an accident, a lumpsum equivalent to the sum assured will be paid out.

Critical illness benefit

If the life assured is diagnosed for the first time with any of the listed critical or terminal illnesses, the insured will be paid half the amount of the sum assured.

Waiver of premium of 100% on PTD & CI

The company takes up 100% of the premiums if the life assured is permanently and totally disabled due to an accident, natural causes and on first time critical illness diagnosis.

FlexiCash

Here is a sure way to turn your dreams into reality. Start planning your savings or investment goals now. Looking to save for your dream holiday, education, retirement or a rainy day? We shall make it much easier.

Frequently asked questions

What makes this policy different from any other endowment policy?
This policy entitles you to partial maturity plus bonuses at different intervals.

When are the partial maturities paid and how?
20% of the sum assured plus accrued bonuses, payable ten years before the end of the term and another 20% of the sum assured plus accrued bonuses five years before the end of the term.

60% of the sum assured plus bonuses payable on survival to the end of the term.

Who can be covered by the policy?
Any person between the age of 18 and 65 years.

What other benefits does the policy offer?
Waiver of premium on death and total disability accident benefit which covers the life assured for a sum equivalent to the sum assured on accidental death.

What happens when I die before my policy matures?
Sanlam will pay your premium until the maturity date and pay the proceeds to the beneficiary.

What happens when I become permanently and totally disabled?
In the event you become permanently and totally disabled to the extent of being wholly and continuously unable to engage in any occupation, business or work for remuneration, Sanlam Life Insurance will pay your premium until the maturity date.

How do I make premium payments?
You may pay through salary deduction, bank transfers, standing orders or quarterly cheques.