Term vs Whole vs Group vs Education

Term life covers you for a fixed period (e.g. 10 or 20 years) and pays out only if you die during that term — it is the cheapest cover per shilling but has no cash value. Whole life lasts your entire lifetime, always pays out eventually, and builds a cash value you can borrow against — but it costs considerably more for the same sum assured. Term suits pure protection on a budget; whole life suits lifelong cover plus forced savings.

Term life is the cheapest, because it is pure protection with no savings element — cover can start from around KSh 1,000 a month for a healthy young adult. Whole life and education savings plans cost more because part of every premium funds a cash value or maturity benefit.

It depends on the type and on your age, health, and smoker status. As an illustration: term life from about KSh 1,000/month, whole life from about KSh 2,500/month, and education savings plans from about KSh 3,000/month. Group life is paid by the employer. These are illustrative starting points — we send firm, age-rated quotes on request.

Group life assurance is life cover an employer takes out on all its staff, paying a multiple of salary (typically 1–5×) to an employee's beneficiaries on death. The employer pays the premium (tax-deductible), and there are usually no individual medicals up to a free-cover limit. It suits employers from about 5 employees who want a high-impact staff benefit.

On pure return, money-market funds or Sacco savings often do better. What an education plan adds is protection: if the contributing parent dies or is permanently disabled, premiums are waived and the fund still matures in full for the child. For fees you cannot afford to miss, that protection is the point.

Yes. There is no legal limit, and many people layer policies — for example affordable term cover for family protection, plus an education plan for school fees, plus any group cover from work. We help structure the right mix so you are neither over- nor under-insured.

Under current Kenyan tax law, life assurance lump sums paid to nominated beneficiaries are generally not subject to income tax. We do not give tax advice — confirm your specific situation with a tax adviser.

Start with the need: pure family protection on a budget → term life; lifelong cover and savings → whole life; saving for a child's fees → education plan; covering employees → group life. Most families begin with affordable term cover (e.g. a KSh 1M policy) and add savings or whole-life cover later. Tell us your situation on WhatsApp and we'll recommend the right mix.