Capex Life Assurance Company
About Capex Life Assurance Company
OUR PROFILE
Founded in 2000 with headquarters in Lagos, Nigeria, Capital Express Assurance has grown over the years to become one of the biggest life insurers in West Africa and has made the extra step to add Eastern Africa region to its global footprint. Operating as Capex Life Assurance in Kenya, we operate as a specialist life insurance company, with our major businesses – ordinary life and superannuation – combining our expertise to deliver customized products, comprehensive solutions and advisory services to our clients.
OUR VISION
To be a world class financial services provider.
OUR MISSION
To provide wealth management and risk protection services to at least one member of every household where we are licensed to operate using the most sophisticated technology and man-power.
OUR VALUES
Customer Dedication, Creativity, Team work, Integrity
Individual Products
Masomo Cover
Benefits
- Guaranteed child’s education
- In the event of death of parent/guardian Capex pays agreed sum assured or allocated amount at the agreed date.
- Convenient means of premium payment: check off, direct debit, cash(cheque), mpesa, standing order.
- Premiums depend on the anticipated fee requirements of the child and can be as low as Kshs. 1500.00 per month with no upper limit.
- At death of named child, another child can be substituted or policy referred back to policy holder.
- Education loan of 50% of allocation amount is available on request after 36months premium payment.
Maisha Cover
Benefits
- Very simple and very affordable
- Cover is open to all.
- Automatic reinstatement upon demise of a family member within the year(reinstatement equivalent to initial premium, deducted during payment)
- Product has a waiting period on natural death of 3 months and subject to full premium payment. No waiting period for accidental deaths.
Flexi-3 Accumulation
Benefit
- A minimum guaranteed annual target rate as provided at commencement.
- At maturity, the total accumulation in the investment account is payable including all the returns.
- Flexible partial withdrawal equal to 25% of the investment accounts after every 1/3 rd of policy period. Total balance plus accrued benefits are payable at maturity.
- Sum assured becomes payable upon the death before maturity of the plan.
- Permanent and temporary disability benefit, critical illness benefit, waiver of premium, critical expense and last expense benefit available.
Target Savings
Benefits
- Guaranteed interest rate of 6% p.a. plus an additional bonus of .05% to 2% depending on the perfomance of the pool.
- At maturity, the capital sum together with interest accrued becomes payable, either as lump sum or in installments over a specified period of time.
- The policyholder may choose to surrender the value or their account after two years, based on provisions of the policy.
- On death of the policy holder before maturity/ target date of the policy, the life cover plus investment amount are payable.
VIP Multiplier
Benefits
- At maturity the cumulative value of the investment becomes payable
- Flexible payment options: convert the benefit to an education annuity, part lump sum and balance converted to annuity, or defer payment and continue fund growth.
- The policyholder may choose to surrender the full amount of his account at any time during the term subject to surrender penalty as stipulated in the policy.
- Superior performance above the market average
- Tax exemption on investment and maturity benefits
- Transparency through segregation of the pool
- Claims commitment- the claim for the VIP product is payable within 72 hours after the claim.
- Offers free last expense benefit which is 10% of the sum capital subject to a maximum of Kshs. 100,000.00.
Term Life
Guaranteed Tuition Plan
This product offers special teacher parent association.
It’s a group term life product to provide tuition fee for the children whose parent dies in through their education life.
Retirement Annuities
Annuities are payable for life. In the event of death of the annuitant during the guaranteed period, the balance of the annuity to the end of the guaranteed period is payable to the beneficiaries.
CORPORATE PRODUCTS
Group Life Product
BENEFITS
The following additional benefits are available on request.
Last expense
Critical illness
Accidental death
Disability
Group Credit Life
ASSIGNMENT OR TRANSFER OF COVERAGE
The benefits under credit life assurance policy are assignable to the lender, to the extent of the outstanding loan owed.
Group Mortgage
BENEFITS
- Level Sum Assured – In case of any members unfortunate demise, benefit payable is the sum assured.
- Decreasing Sum Assured – In case of any member’s unfortunate demise, benefit payable is the sum assured as per the schedule.
Deposit Administration
TYPES OF DEPOSIT ADMINISTRATION
- Defined contribution pension Fund.
- Defined Benefit Pension Fund.
- Provident Fund.
This product has very high interest rate above the average market rate.
CONTACT DETAILS
Galana Plaza, Kilimani – Nairobi
Email Address:info@capexlifeassurance.co.ke
Telephone Numbers:
+254 20-2712384 / 0715-140 074