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HomeYour CountyNakuruUrban dwellers to access enhanced funeral insurance cover

Urban dwellers to access enhanced funeral insurance cover

 

Urban dwellers will now access funeral insurance cover from as low as Sh1,800 annually to cater for burial expenses, courtesy of Umash funeral services.

The Funeral Services which rolled out insurance products dubbed ‘spreading love,’ will allow policy holders opting for the family cover to insure up to 10 family members including spouses, children, siblings, parents and two parents-in-law.

According to the Head of Corporate Business at Umash Group of Companies Alex Mwaura, Customers wishing to take the family cover will pay a minimum premium of Sh7,500 per year. 

Mwaura further said the funeral insurance package will also include Individual and Corporate covers, where holders will pay minimum premiums of Sh2,000 and Sh1,800 per year respectively. 

He said Umash funeral services was targeting chamas, church members, welfare groups, alumni associations and resident community associations in big cities such as Nairobi, Mombasa, Kisumu, Nakuru and Eldoret, among other major urban centers. 

“Through this venture, policy holders and their dependents can now have an enhanced ability to meet the burial expenses for their loved ones,” said Mwaura.  

The business head explained that the three covers will provide the nuclear family with a Sh50,000 lump-sum payment in case of death of those covered with a particular policy that is payable within two days of lodging a claim. 

Umash Funeral services in Nakuru.

Mwaura noted that the funeral insurance covers had been designed to serve as a cushion to families’ funeral and related expenses, adding that the funeral cover will ensure the customers have peace of mind, especially during turbulent times such as during disasters and hard economic times faced during the Covid-19 pandemic. 

He urged Kenyans to adopt the policies and make it a priority saying that African funerals were usually large-scale and often expensive events that involved families sharing with the communities.

Mwaura cited benefits emanating from the cover including reduced mortuary fees for fourteen days, buying caskets, hearse services, free wreaths and lowering gear, printing of deceased’s portrait and death announcements both in print and electronic media. 

Head of Communications at Umash Mark Irungu said they had rolled out a drive to debunk negative perceptions associated with insurance traditional beliefs on death from the public and urged Kenyans to shun such beliefs and embrace funeral covers that would reduce the cost of burial when a family member dies. 

He observed that high costs of burial ceremonies have been a source of financial burden to families who are usually forced to sell their assets such as land, livestock and houses to bury their loved ones, exposing them to debts and poverty. 

Irungu noted that on average, a funeral could cost up to Sh120,000 making burial insurance a smart and pre-emptive decision and indicated that with correct funeral policy, even a jobless person could get covered and help reduce the burden of sourcing for burial funds from friends and relatives. 

A representative of Silver Health insurance Benta Atieno observed that only three per cent of Kenyans have some form of funeral insurance cover with most clients being from western Kenya. The rest she said relied on burial committees and goodwill from employers to fund funerals. 

She noted that the Covid-19 pandemic presented the insurance industry with an opportunity to reinforce its relevance and critical purpose in society by offering unique products. 

Source:KNA

 

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