The best gift we can give to our children is a secure future, and it is education that is the key to that future.
Career Life Plan 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.
Why Career Life Plus plan?
This plan allows for a disciplined, systematic and easy way to save for your child’s financial education needs.
The sum assured and premiums are determined at onset and they remain fixed throughout the term of the policy.
The plan also has a (saving period) which ranges from 5 to 20 years, which will be chosen by you,and this will depend on when you require the funds.
What are riders and why should I take them?
Riders are benefits that come as compliments to your plan and offer additional benefits to you at a relatively low cost. The riders include:
Accidental death benefit:
Where an additional amount equal to the sum assured will be paid in the event that you die out of an accident
Total & Permanent Disability:
Where an amount equal to the sum assured will be paid to you over a period of 36 months in the event that you become disabled out of an accident.
Waiver of premiums:
In the event that you become totally and permanently disabled all future premiums will be waived and the policy will remain in force.
Accident hospitalization benefit:
In the event that you or your child are hospitalized as a result of an accident, Jubilee would reimburse the inpatient medical costs incurred
How can I apply for the policy?
The steps to apply are very simple and easy to follow:
- Fill in the application form
- Attach copy of your National Identity Card or Passport
- Payment of the first premium
For More info, kindly contact
What if I have more than one child and their school fees needs arise at different times in the future?
No problem. You can have a combination of Career Life policies with selected terms customized for each child’s future needs.
Is there any benefit of starting Career Life sooner rather than later?
Yes, the longer the saving period, the lower the premiums.
Who is the Life Assured?
This is the person on whose life the insurance policy is taken. It can be the parent of guardian to the child
What are the age limits for the Life Assured within Career Life Plus?
The minimum age at entry is 18 years while the maximum age at entry is 65 years. The maximum age at maturity is 70
Is there a minimum or a maximum sum assured?
The minimum sum assured is Kshs. 200,000/-. There is no maximum