Your Future, Our Commitment...

Term Assurance

Pioneer Assurance Term Policy is a pure protection life insurance policy engineered to offer maximum financial security to your loved ones at an affordable premium. Designed to cover a specific timeframe (e.g., 5, 10, 15, 20, or 30 years), this policy ensures that if the insured passes away during the agreed term, a tax-free lump-sum payout is disbursed to designated beneficiaries securing family stability, debt obligations, and future living costs.

What is Term Assurance?

The Pioneer Term assurance product is a without profit policy which provides a benefit on death or permanent disability of the policyholder within the term of the product.

High Sum Assured at Low Cost: Provides maximum financial protection for relatively low, fixed premium payments compared to endowment or investment-linked policies.
Guaranteed Death Benefit: Pays out 100% of the agreed Sum Assured to named beneficiaries in the event of the insured’s death within the policy term.
Flexible Term Durations: Choose coverage periods tailored to your exact needs—ranging from 5 to 30 years or aligned with specific financial milestones (e.g., until children finish university).
Guaranteed Level Premiums: Premium payments remain fixed and predictable for the entire duration of the policy term.
15% Tax Relief Benefit: Qualifies for statutory 15% Life Insurance Tax Relief (up to KSH 5,000 per month / KSH 60,000 annually) under Kenyan tax laws.
Optional Benefit Riders: Can be customized with add-ons such as Total & Permanent Disability (TPD), Critical Illness Cover, Accidental Death Benefit, and Waiver of Premium.
  • ✓Pure Financial Protection: Direct, uncompromised safety net that maximizes payout value for your family.
  • ✓Customizable Flexibility: Tailor coverage limits, policy duration, and additional riders to align with evolving family or business needs.
  • ✓Fast & Reliable Claim Settlement: Backed by Pioneer Assurance's long history of financial stability and prompt beneficiary payouts.
Young Families & Primary Breadwinners

Young Families & Primary Breadwinners: Parents seeking high life cover limits on a tight budget to ensure dependents are protected through crucial growing years.

Mortgage & Personal Loan Borrowers

Mortgage & Personal Loan Borrowers: Individuals requiring a life cover policy matched to loan repayment terms to prevent debt from transferring to family members.

Entrepreneurs & Business Partners

Entrepreneurs & Business Partners: Business owners seeking temporary financial protection for key personnel, debt guarantees, or buy-sell agreement funding.

Cost-Conscious Savers:

Cost-Conscious Savers: Anyone desiring pure risk protection without bundling investment elements, ensuring maximum sum assured per shilling spent.

BUY NOW DOWNLOAD BROCHURE

Get a Quick Quote

Related Products