What is Sacco Solution?

This is a unique insurance product for SACCO members offering them an Inpatient, Accidental death cover, Accidental total and permanent disability cover and an inbuilt. Last Expense cover. In addition, the product provides for Credit Life Insurance cover to members taking loans.

What are the benefits of Sacco Solution?

a. Inpatient Cover

This is a health care plan to manage unforeseen illness or injuries that lead to hospitalization.

b. Accidental death and total and permanent disability cover

This provides compensation to the insured family/ beneficiary in the event of physical and visible body injury leading to death within 6 months from the date of the accident.

c. Last Expense

This cover provides support to cover funeral expenses following the death of the insured.

d. Credit Life

The credit life covers a borrower in the event of death or total and permanent disability to the extent of their bank’s financial interest in the loan (outstanding loan + interest) and the actual monthly loan repayments. Rates to be provided based on the size of the loan book