How much cover do I need?

A common rule of thumb is 8–12 times annual income for a primary breadwinner, scaled up for major debts (mortgage, business loans) and number of dependants. We do a needs analysis before recommending a specific sum assured.

How much does term life insurance cost in Kenya?

For KES 1,000,000 of cover, the premium depends on your age, sum assured, term length, smoker status, and health, and can vary widely between a young healthy applicant and an older applicant or smoker. We send a firm, age-rated quote on request rather than publish a single starting figure.

Is whole life worth it compared to term + invest?

On a pure investment-return basis, term + invest-the-difference usually wins. Whole life makes sense for the forced-savings discipline, the certainty of payout, estate-planning needs, and business succession funding. We are upfront about the trade-off and only recommend whole life where it genuinely fits.

What is the minimum group size?

Most insurers accept group life from 5 lives. Below that, individual policies for key staff may be more practical. Above 20 lives, free cover limits and experience-rated renewals typically become available.

What return should I expect at maturity?

Expect a real return modestly above inflation, typically 1–3% real after the protection element is stripped out. Pure investment products usually outperform on return alone; endowments justify their place via the protection element and the forced-savings discipline.

How much should I save per month for my child's education in Kenya?

It depends entirely on the child's age and your fee target: the later you start, the higher the monthly figure for the same fund, because school fees rise about 8–10% a year. We do not publish a single starting figure because it varies so much by case; tell us the child's age and target and we calculate the exact contribution.

Life Insurance & Savings Plans Kenya | Vike Insurance

What We Cover

6 types of life & savings insurance cover. Each one has its own page with the full policy detail, pricing and claims process.

Term Life Assurance
Affordable pure life cover for a fixed term. Pays a lump sum to your beneficiaries if you pass away during the policy period.
What it covers
- Lump sum payable to beneficiaries on death during the term
- Cover for death from any cause (subject to standard exclusions and waiting period)
- Critical illness rider: early payout on diagnosis of heart attack, stroke, cancer, etc.
Request a quote for Term Life Assurance Details about Term Life Assurance
More about Term Life Assurance
Term life assurance is the simplest and cheapest form of life cover: a fixed term (5, 10, 20, or 30 years), a fixed sum assured, and a fixed premium. If you die during the term, your beneficiaries receive the lump sum. If you survive the term, the policy expires with no payout. It is pure protection, nothing more, and the right structure for most Kenyans whose primary need is to leave their family financially secure if the worst happens.
Also covers
Total Permanent Disability (TPD) rider: payout if you cannot work again
Premium waiver on disability: policy stays in force without further premiums
Who it's for
Primary breadwinners with financial dependants
Mortgage and business loan borrowers protecting the debt
Self-employed Kenyans without employer-provided life cover
KES 1 Million Term Life Cover
KES 1,000,000 of term life cover in Kenya: a tax-free KES 1M lump sum for your family if you die during the term. Premiums vary by age, health, and smoker status, and are quoted individually.
What it covers
- A tax-free KES 1,000,000 lump sum to your beneficiaries on death during the term
- Death from any cause, subject to standard exclusions and the initial waiting period
- Optional critical illness rider: early payout on diagnosis of cancer, heart attack, stroke, etc.
Request a quote for KES 1 Million Term Life Cover Details about KES 1 Million Term Life Cover
More about KES 1 Million Term Life Cover
KES 1 million is the most-requested entry point for term life cover in Kenya: enough to clear a modest debt, cover a few years of household expenses, or fund school fees if a breadwinner dies, without the premium of a multi-million-shilling policy. Term life is pure protection: you choose a term (commonly 5, 10, or 20 years), pay a fixed monthly premium, and your nominated beneficiaries receive the full KES 1,000,000 tax-free if you die during that term. There is no cash value and no maturity payout, which is exactly why it is so affordable per shilling of cover.
Also covers
Optional Total Permanent Disability (TPD) and premium-waiver riders
Optional accidental death benefit: an increased payout if death is accidental
Who it's for
Young families wanting an affordable, defined safety net of KES 1M
Borrowers protecting a loan, car, or business facility around the KES 1M mark
First-time life-cover buyers testing the product before scaling up
Whole Life Assurance
Lifelong cover with a savings component. Pays out on death or maturity, building cash value over time.
What it covers
- Lump sum payout on death: at any age (subject to policy terms)
- Cash value that builds over time and can be borrowed against
- Maturity payout on endowment variants at a defined age
Request a quote for Whole Life Assurance Details about Whole Life Assurance
More about Whole Life Assurance
Whole life assurance combines lifelong death-benefit protection with a forced-savings element. Unlike term assurance, which expires if you outlive the term, a whole life policy pays out whenever death occurs, or, in the case of endowment variants, on a maturity date during your lifetime. Premiums are higher than equivalent term cover because part of every premium funds the cash value that backs the eventual guaranteed payout.
Also covers
Bonus additions to the sum assured (with-profits policies)
Premium waiver on permanent disability
Who it's for
Clients wanting certainty of an eventual payout, not just risk cover
Long-term forced savings for retirement supplementation
Estate-planning: leaving a defined inheritance regardless of when you die
Group Life Assurance
Employer-provided life cover for staff: lump-sum payout on any-cause death, plus optional permanent disability cover.
What it covers
- Lump sum payable to nominated beneficiaries on any-cause death of an employee
- Sum assured typically 1–5 times annual salary
- Free cover limit: no medical underwriting up to a defined sum assured
Request a quote for Group Life Assurance Details about Group Life Assurance
More about Group Life Assurance
Group Life Assurance is the lump-sum life cover an employer takes out on the lives of all its employees. On death from any cause, the policy pays a multiple of annual salary (typically 1–5 times) to the employee's nominated beneficiaries. Premium is paid by the employer and tax-deductible as a business expense. It is the single highest-impact employee benefit relative to its cost, and increasingly the table stakes for attracting and retaining talent in white-collar sectors.
Also covers
Cover for all eligible employees with no individual selection
Continuous cover, including off-duty and weekends
Who it's for
Employers wanting to provide a basic family-protection benefit to staff
Companies competing for talent in banking, tech, and professional services
Saccos and NGOs providing benefits to members or field staff
Education / Savings Plan
Disciplined savings toward your child's education or a major milestone, with life cover built in to protect the goal.
What it covers
- Guaranteed maturity benefit at a defined date (e.g. child's 18th birthday)
- Annual reversionary bonuses added to the sum assured (with-profits)
- Terminal bonus on maturity (selected products)
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More about Education / Savings Plan
Education and savings plans are endowment-style policies designed around a specific future goal, typically a child's secondary school or university entry, or a milestone like a deposit on a home. You commit to a regular contribution for a defined term; the insurer invests the premiums; and a defined sum (plus accumulated bonuses) becomes available at maturity. If the policyholder dies during the term, the policy continues with no further premiums and the maturity benefit is still paid in full.
Also covers
Premium waiver on death of the principal. Policy continues to maturity
Premium waiver on permanent disability of the principal
Who it's for
Parents saving for primary, secondary, and university fees
Grandparents funding a grandchild's education
Couples saving toward a defined goal. Home deposit, wedding, business start
Education Fund Plan Calculator
Work out how much to save for your child's school and university fees in Kenya. Education fund plans with life cover built in, sized to beat 8–10% annual fee inflation.
What it covers
- A guaranteed maturity payout timed to a chosen milestone (Form 1, Form 4, or university entry)
- Premium waiver if the paying parent dies or is permanently disabled. The plan continues and still matures
- Annual reversionary bonuses added to the fund (with-profits plans)
Request a quote for Education Fund Plan Calculator Details about Education Fund Plan Calculator
More about Education Fund Plan Calculator
School fees are one of the largest and most predictable expenses a Kenyan family faces, and they rise faster than almost anything else, commonly 8–10% a year. An education fund plan turns that future bill into an affordable monthly contribution today, with one crucial difference from an ordinary savings account: life cover is built in, so if the paying parent dies, the plan does not collapse. Premiums are waived and the fund still matures in full for the child.
Also covers
Life cover on the contributing parent for the full savings term
Optional anticipated (staged) payouts matched to each school stage
Who it's for
Parents of newborns and young children with the longest runway to save
Parents of older children wanting a disciplined, ring-fenced top-up before fees hit
Grandparents funding a grandchild's education

Secure Your Family's Future Today

What We Cover

Term Life Assurance

KES 1 Million Term Life Cover

Whole Life Assurance

Group Life Assurance

Education / Savings Plan

Education Fund Plan Calculator

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Life & Savings Insurance FAQs

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