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Group Last Expense Cover

Give your loved one a befitting send-off

Secures your peace of mind by easing the financial burden of the funeral

What is group last expense cover

The cover is based on predetermined benefit limits and their corresponding annual premiums. It pays out a cash lump sum on death of an insured member. A group may only select a single benefit option from amongst the available options for all the members in that group.

Eligibility criteria

Eligibility is first and foremost through membership to a registered group. Once a member has signed up, they are covered for life, subject to annual renewal. However, the below minimum and maximum ages at entry apply:

MemberMin age at entryMax age at entryMaximum cover age
Principal & Spouse18 years69 yearsFor life subject to no breaks in cover
Parents & Parents in Law30 years84 yearsFor life subject to no breaks in cover
Children2 weeks21 yearsUp to 25 years with proof of being a fulltime student
* Only biological children, parents and parents-in-law are eligible for cover

Terms of cover

  • 1. A life covered by several members in the same group is subject to maximum coverage by 3 lives. The maximum liability per life is KES. 1 million.
  • 2. If the principal member dies, the dependents continue to be covered until the end of the policy period. Upon the spouse has the option of continuing the cover as the main member.
  • 3. The cover applies on a worldwide basis, 24 hours a day, 7 days a week.
  • 4. There shall be no refund in premiums upon exit of a member after the expiry of the first 30 days from signing up for the policy. New members joining mid cover are required to pay the full annual premium.
  • 5. There is a one (1) month waiting period for principal members, spouses and children and a three (3) month waiting period for parents and parents in law on death arising from illness and natural causes. However, death arising out of an accident is payable immediately subject to settlement of full premiums.
  • 6. The waiting periods apply from the date of declaration i.e., the date the member joins the scheme.
  • 7. The Maximum Sum Assured per parent or parent-in-law is KES. 150,000.

    • To know more about this plan:

    Write us at - ALAKCorporate@absa.africa

    For more details on our Group Last Expense Cover please download the product brochure as a PDF from here.

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