The best gift we can give to our children is a secure future and education is the key to that future. This Education Policy, which is bundled with the Bumblebee Account, enables you to build a fund over a period of time so as to enable you:

• Pay for your child’s school fees requirements as and when they fall due.
• It also ensures that the child’s fee required is available even in the untimely
• death of the policyholder during the term of the policy.

The Nitty-gritty

• Minimum premium amount from Kshs 2,000
• Entry age: 18-65 years
• Maximum maturity age: 70 years
• Minimum Sum Assured: KShs. 200,000
• Policy can vary from 5 – 20 years.
• Cash Value: 3 full years’ premiums. If policy has been in force for at least 3 years.

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This policy will enable you build a fund over a period of time to meet any financial need such as building a home for your family, seed capital for your business or any other need. The policy has a term (saving period) which ranges from 5 to 20 years, which will be chosen by you, and this will depend on when you will require the funds

What You Get

• The sum assured and premiums are determined at onset and they remain fixed throughout the term of the policy ensuring discipline towards saving
• Life Cover

The Nitty-gritty

• Entry age (ANB- Age Next Birthday): 18-65 years
• Maximum maturity age: 70 years
• Minimum Sum Assured: KES 350,000
• Cash Value: 5-10 year terms, after 5 years
• Cash Value: 11-20 year terms, after 3 years
• Cash Value: 3 full years’ premiums. If policy has been in force for at least 3 years

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Whenever there is the construction of buildings or civil works, there is a risk of loss or damage. With Contractors All Risks, the contract governing the works will place the responsibility for this loss or damage with either the Contractor or Employer.

Credit Bank offers this policy and typically provides cover for:

• The cost of physical loss or damage to building works
• Advanced loss of revenue/income
• Public liability
• Installation and constructional plant/machinery including hired-in plant and tools
• WIBA – Work Injury Benefit Act – for employees

This cover can be customized to meet your specific needs and the project requirements, as such, you are requested to specify the areas that you would want covered or included in the policy.

The pricing of the cover varies depending on the scope of cover.

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Your Visa Debit Card is a powerful tool which leverages modern technology to give you access to your resources any time at various points of purchase. Such powerful access needs protection against possible risks such as theft and/or fraud.

Credit Bank offers Debit Card Insurance for protection against undesirable and unexpected events. At only KES 510 per year, we provide you with an insurance cover for your Visa Debit Card with the following benefits:

• Replacement Charges (Lost Card Liability) Replacement costs for the card, if the card is stolen for an annual limit of up to Kshs. 40,000
• ATM Robbery and Hijack (ATM Cash Cover) Theft through forced ATM withdrawal for an annual limit of up to Kshs. 40,000
• Emergency Accidental Medical Expenses for an annual limit of up to Kshs. 30,000
• Purchase Protection for any item bought through the cards for a period of up to 3 months.
• Funeral death cover resulting from natural causes or accidents for an annual limit of up to Kshs. 10,000.

Insurance Premium Financing

Let’s breakdown Insurance Premium Financing into two. An insurance premium is the amount of money that you or your business must pay to get the benefits of an insurance cover. Normally, this premium is paid upfront and at times this may be a large figure. This may require financing for the premium in form of a loan to pay for the insurance policy.

Credit Bank offers you or your business Insurance Premium Financing allowing you to enjoy the benefits of insurance upfront. You can then pay it back in manageable instalments thereby eliminating the need for you to pay the premium lumpsum.

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Every individual or organization has duty to care to one another. This cover takes effect in the event the insured (you or your business) is legally liable for any injury to or loss of damage to a third party. It protects the insured from any risks of being held liable for any eventualities.

Some of the policies Credit Bank avails under liability insurance include;

• Public liability
• WIBA (Work Injury Benefit Act)
• Employers liability

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This cover insures you against loss or damage to the property insured as a result of accidental fire, lightning and explosion (of gas cylinders, earthquake, malicious damage, floods, riots and strikes etc).

Exclusions

• War, invasion, acts of foreign enemy, hostilities or warlike operations.
• Mutiny, military or popular uprising, insurrection, rebellion, revolution, military or usurped power martial law.
• Terrorism
• Loss occasioned by or through or in consequence of the burning of property by order of any public authority.
• Loss arising from nuclear weapons material.

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This cover insures you against loss or damage to the property insured following forcible entry into/exit from the premises mentioned in the policy including holdup. It also covers damage to the premises as a result of the burglary.

Exclusions

• Acts of the insured or his employees
• Loss of records, manuscripts or accounts
• Larceny, pilfering or shoplifting
• Nuclear reaction radiation or radioactive contamination
• War, strike, riot, civil commotion and malicious damage
• Mere disappearance, shortage or consequential loss
• Goods not lawfully under the custody of the insured
• Theft by employees or anyone related to the insured
• Losses arising out of fraudulent, dishonest or criminal

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This policy covers your property against all risks that are not excluded. It is best for items that are mobile like laptops and phones.

Exclusions

• Nuclear reaction radiation or radioactive contamination
• War, strike, riot, civil commotion and malicious damage
• Mere disappearance
• Consequential loss
• Goods not lawfully under the custody of the insured
• Theft by employees or anyone related to the insured
• War, invasion, acts of foreign enemy, hostilities or warlike operations

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This package covers any private dwelling place under the following sections;

1. Building
2. Content
3. All risks
4. Domestic Workers
5. Third part Liability cover

This is an attractive package for homeowners and tenants which gives you the benefits of several policies in a single package

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This covers you or your organisation for inpatient and outpatient needs day and admissions. Terms and condition will vary for different clients and different insurance companies. Enquire for more information.

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This covers any loss (except as specified) of money insured, the property of the insured or for which he is responsible:

• whilst in transit, in the custody of the insured or his authorized representatives or appoint security courier
• whilst contained in the insured’s business premises after business hours
• whilst contained in the insured’s business premises during business hours (hold up risk only)
• whilst in the hands of salesmen, collectors, senior employees et cetera.
• loss or damage or destruction to a specified safe(s) or strong rooms as a result of money being stolen or an attempted theft
• loss or damage or destruction to personal clothing in the course of theft or attempted theft

Exclusions

Loss or damage to money:

• Due to fraud or dishonesty of any person in employment of the insured
• Not discovered within a specified period (usually seven working days) from the date of such occurrence.
• Due to shortage by error or omission
• By use of key to any safe or strong room unless due to violence or threat or collusion of the key holder with other persons
• in the custody of collections or agents which has been in their possession for a period exceeding 24 hours from time of receipt
• in transit by post
• due to depreciation or fall in value of money
• due to ionization or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear
• from an unlocked safe or strong room
• not contained in a locked safe or strong room
• in a vehicle used unless a principal, partner, director or insured’s employ is in the vehicle or is within allowed distance from the vehicle

Excess may apply under losses resulting from dishonesty

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This cover provides compensation to owners of goods for loss or damage to goods in transit by means of fire, overturning and accidental means. Includes temporary parking overnight and stop-over by conveyances in which goods are being carried.

Goods in Transit is suitable for traders whose business involves moving goods from one location to another as well as transporters of goods on behalf of other parties.

Exclusions

• Mechanical or electrical breakdown
• Nuclear fission, war, terrorism and political risks
• Theft & Pilferage by employees
• Theft in unattended vehicles
• Wear, tear and effects of deterioration
• Consequential loss/loss of market/delay
• Unsuitable conveyances/packaging e.g. cereals carried in an open vehicle

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This policy provides you or your beneficiary cover in the event of death or permanent disability. In the event of death, your beneficiary will be covered against funeral expenses. This policy gives you cover in the event of retrenchment.

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Covers you in the event of an accident that may lead to death or permanent disability. It also covers your medical expenses and last expense.

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Risks can catch up with you when travelling especially abroad. The Travel Insurance package is designed to cover emergency medical while on trip and other related expenses. It gives you a personal accident cover while on the trip as well as baggage loss.

In the event of inconveniences like cancelled flight, this policy will have your back. This also includes hijack hostages or wrongful detention.

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