BENEVOLENT FUND
This is a product that a Sacco offers to its members to cater for them when a misfortune occurs. Every member must be assured of dignified sendoff upon death, likewise a member’s family from spouse, children and the members parents also benefit from this scheme.
Eligibility
- Membership to the scheme shall be for Sacco members only.
- Monthly contribution is Ksh 200.
- A well filled Benevolent Fund form listing all dependents with their correct Dates of Birth.
Terms & Conditions
- A member qualifies to benefit from the scheme after contributing for 3 months consecutively.
- Programme covers children up to the age of 18 years. For those who depend on their parents up to the age of 25 years, prove of dependency will be required.
- Dependents allowed to benefit from this scheme are Spouse, Biological and Legally adopted children and Biological parents.
In case of Misfortune;
A member or the company to give notice of death to the Sacco officer.
Provide a burial permit.
Copy of ID of the insured.