The retirement plan serves as a strategic tool to provide employees with financial security for their future while offering several additional advantages. It helps organizations attract and retain talent by demonstrating care for employees’ long-term well-being. Employers can take advantage of the tax relief benefits available to members of a registered retirement scheme, making it a financially sound choice. Moreover, a retirement plan allows employees who withdraw from the employer’s retirement benefits scheme to preserve their accumulated funds or deferred benefits until they reach retirement age, ensuring continuity of financial security. This not only enhances employee satisfaction and loyalty but also aligns with the organization’s goals of fostering a responsible and supportive workplace culture.
Heshima Mpango Poa
The “Heshima Mpango Poa” policy is an affordable insurance plan that provides coverage for families at a daily cost of Kshs 3.30. The policy offers a payout of Kshs 100,000 upon the first death of an insured family member within 12 months of the policy’s commencement or renewal. Coverage is available for individuals, spouses, children (up to 18 years or 24 years if still in school), and can be extended to parents and parents-in-law for an additional premium. Premiums vary by age, with rates starting at Kshs 1,200 per year for individuals under 50. There is a three-month waiting period for natural death but no waiting period for accidental death. Claims are processed swiftly, with Kshs 50,000 paid within 48 hours upon submission of initial documentation, and the remaining balance issued after providing the death certificate. Renewal ensures lifelong coverage.
Personal Accident Cover for the Seniors
Pioneer’s new PA for the aged covers individuals above 66 years with no upper age limit. This allows the elderly to continue work and leisure without fear as Pioneer will cover any injuries sustained as per the stipulations of the policy document.
Driver Care
Offers compensation to motorists in the event of injuries or disability as a result of violent, accidental, external and visible events. In the event of hospitalization following an accident the medical expenses benefit will be paid directly to the hospital or medical facility. Alternatively the company will reimburse upon receipt of original receipts and attending doctors report.
Personal Liability Insurance
Life is unpredictable, and accidents happen when we least expect them. Personal liability insurance protects you from the financial burden of accidents and incidents that could result in legal action.
This Personal Liability Insurance is issued as a secondary cover to provide an additional layer of legal liability protection to the insured. The coverage is designed to extend the limits of the insured’s existing motor and domestic package policies, thereby offering broader protection against claims that may exceed the applicable primary policy limits.
What Does It Cover
1. Third Party Bodily Injury
2. Third Party Property Damage
3. Legal Defense Costs arising from a Third Party Claim
Who Needs This Cover?
1. Homeowners
2. Motor Vehicle Owners
Real-Life Scenarios
A guest at your home suffers a serious injury while using your pool. The injury requires costly medical treatment and later turns out to be fatal. The guest’s family files a lawsuit for 8M in damages. The Home Care (DP) covers only the first 3M, leaving a shortfall of 5M. Our Pioneer Personal Liability will cover this deficit. You cause a motor accident where the other driver and passengers suffer severe injuries, resulting in medical bills, lost wages, and long-term care.
One passenger is awarded 10 million due to their high earnings on wages. While the standard motor policy only covers up to 3M, our Personal Liability cover would cover the remaining 7M, thus saving you from financial distress.
Family Care
FAMILY CARE pays compensation to your nuclear family in the event of accidents or disability resulting from violence, death or injury
Travel Care
As Travel becomes an increasingly popular pass time, it is crucial to have travel coverage when going abroad. Our Travel Care Insurance will provide coverage for a variety of uncertainties and outcomes so that you can feel confident about your travels!
Intern Care
INTERNCARE offers compensation to interns/students on industrial attachment in the event of injury or disability caused by violent, accidental, external and visible events.
Self Care
Self Care offers you compensation in the event of injuries or disability as a result of violent, accidental,
external and visible events.
In the event of hospitalization following an accident the medical expenses
benefit will be paid directly to the hospital or medical facility.
Home Care
Homecare covers loss or damage to property and Liabilities that may arise in connection with ownership
or occupation of a residence.
It has six sections (A-H).
