The Kuza Plan is an endowment plan that enables one to put away money for a certain period to plan for a future investment or the future of their loved ones in the event of death or disability.

The plan is available to individuals who are 18 years old and not older than 60 years of age. Cover on death ceases at maturity, and at 65 years for the riders.

Core Benefits:

• Growth of funds
• Cover against death
• Cover against Permanent & Total Disability (PTD)

Optional Benefits:

• Cover against Critical illness
• Cover against Physical Impairment (PI)

The Kuza Plan will have a fixed term of 10 (ten) years.

The premium depends on the age and gender of the policyholder, and the selected Death and PTD sum assureds. Premium is payable monthly through a debit or stop order. Lump sum payments are not allowed.

There are five (5) benefit sum assured options: 20M, 40M, 60M, 80M, and 100M — to suit the policyholder’s needs and budget.

Each policyholder may only be covered under a maximum of one Kuza Plan policy.

Yes. A collateral cession of your investment is allowed — only as a full security cession (i.e., 100% of the investment value).

No medical tests are required. Cover is provided based on full disclosure by the client.

Allowed alterations:

• Surrender the policy (post 3-year lock-in) to receive accumulated fund — terminates policy.
• Change of beneficiary — anytime.
• Update policyholder details (bank account, contact info, etc.).

Not allowed:

• Changing the sum assured (no upgrades or downgrades).

The policy can be made paid-up without losing the accumulated investment balance. However, all risk benefits (Death, PTD, Critical Illness, PI) will cease.

Benefits are paid out on death or disability before maturity, and at maturity of the policy.

Yes. If the policyholder stops paying premiums, the policy becomes paid-up. The investment account remains intact, but risk benefits (Death, PTD, Critical Illness, PI) will cease.

Yes, but only after the 3-year lock-in period. After this, you can withdraw funds to benefit from accrued investment returns.

No. After the 3-year lock-in period, policyholders can surrender and withdraw their investment without charges or penalties.

• On full death benefit payout
• On maturity and payment of the Investment Account
• On surrender of the policy
• On non-payment of premiums beyond 30 days (lapses risk benefits)

• Completed application form
• Certified copy of national ID or valid passport
• Proof of valid bank account (for debit order)
• Proof of residence (not older than 3 months)
• Proof of source of funds/income/wealth