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Fanaka policy enables you to build a fund over a period of time to meet any financial need such as building a home for your family, purchase of that dream car, cater for major life ceremonies like marriages or graduations. The Fanaka plan can also set you off to financial freedom by offering you seed capital for your business.



Why Fanaka plan?

Financial Security
This plan allows for a disciplined, systematic and relaxed way to saving for a specific future financial need. Most people will consider taking a loan from financial institutions so as to enable them to meet their financial requirements. The Fanaka plan works as the perfect alternative to this option as you will receive your required savings plus bonus accrued during the policy term instead of repayment of interest

Fixed premiums:
The sum assured and premiums are determined at onset and they remain fixed throughout the term of the policy.

Flexible term:

The plan also 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 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 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 This email address is being protected from spambots. You need JavaScript enabled to view it.


Is there any benefit of starting Fanaka sooner rather than later?
We all know the famous saying 'time is money' the sooner you will start making payment to your fund
the faster you will have your dreams come also the younger you are the lower your premiums will be.

What are the age limits for the Life Assured within Fanaka plan?
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.350,000/-. There is no maximum sum assured


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