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Mavuno Plan

The Pioneer Mavuno Investment Plan is a with-profits endowment policy designed to help you build long-term wealth while providing essential financial protection for your family. It offers flexible maturity and survival payouts enriched with accrued bonuses alongside robust death and disability safeguards, giving you peace of mind as you plan for your financial future.

What is Mavuno Plan?

The term of the policy ranges from 5 years to I7years.

Benefits and bonuses payable depend on the Sum assured and are payable on the to the policy holder or the Family of the main policy holder within the premium paying term of the policy and provides partial maturity benefits after the premium payment term.

Premiums will be payable for a minimum of 5 years up to a maximum of 15 years

Survival Payouts – Receive survival benefits calculated as a percentage of the Sum Assured, including accrued bonuses. Enjoy flexible payout options, allowing you to convert partial payments into a full lump sum or vice versa.
Death Benefits Protection – If death occurs during the premium payment term, the full Sum Assured plus accrued bonuses are paid out to your beneficiaries. If benefits have already begun, beneficiaries continue receiving maturity payouts including bonuses.
Tax Relief Benefits – Enjoy annual tax relief of up to KShs. 60,000 per year on your contributions.
Premium Waiver on Disability – In the event of Permanent Total Disability (PTD), future premium payments are waived while all policy benefits remain fully active.
Policy Loan Access – Access emergency capital by applying for a policy loan after 36 months of continuous premium contributions. Protection Riders – Enhance your policy with optional coverage for Personal Accident (full Sum Assured on accidental death), Critical Illness (full Sum Assured upon diagnosis), and PTD lump-sum payouts.
  • ✓With-Profits Bonus Accumulation: Your returns grow over time through regular bonus additions top-up to your core Sum Assured. Adaptable Payout Options: Offers the freedom to structure your payouts to match your exact financial needs whether as periodic survival payments or a consolidated lump sum.
  • ✓Unbroken Safety Net: Features built-in premium waiver protection and emergency policy loan facilities to keep your financial goals intact even during health or income disruptions.
  • ✓Family Security: Combines profit-earning savings accumulation with high-value life and disability protection in a single policy.
Families

Families and Household Breadwinners seeking financial security through life cover and premium waiver protection to safeguard their loved ones' future

Individuals

Individuals and Long-Term Savers looking to build capital over time through a structured endowment policy that delivers guaranteed payouts and bonus growth at maturity

Employees

Employees and Salaried Professionals who want to grow their savings while maximizing take-home pay through tax relief benefits

Investors

Investors Seeking Customized Coverage who want access to optional health and accident riders alongside emergency liquidity via policy loans

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