There is life and there is the other side. The side that is considered taboo to speak of in our African culture. It is considered a bad omen to think about one’s death and even worse, to plan for life after death.
However, when death strikes suddenly, families are usually distraught not just by the death of their loved ones but also by the huge burden ahead of the funeral expenses. The families always wish to give their loved ones a befitting send-off.
According to a study conducted by Ipsos Synovate in 2018, Kenyans spend between Sh50,000 to Sh300,000 in funeral expenses with an average expenditure of Kshs 400,000 to Kshs 2,500,000 where the deceased was hospitalised for a period.
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Such unexpected huge financial commitments can be a major setback to families. The loss of a loved one in itself is devastating. The challenges that come with medical bills, planning funerals, and other expenses tend to drain families emotionally and financially. Exorbitant bills barely give room for family and friends to deal with grief.
This is why we at Octagon would like to walk with you through this difficult journey and offer somewhat comfort and relieve the financial burden from families during this period.
Our Last Expense Easy cover allows one to include all members of your nuclear family together with your parent and parents-in-law and provides peace of mind.
The benefits paid by the cover range between Kshs 50,000 to Kshs 200,000 up to a maximum of Kshs 6,500 annual premium payable per family. We ensure benefits are payable within 48 hours upon receipt of the necessary documentation.
Often, untimely deaths of parents or guardians also render children helpless in fending for themselves. As a parent, it is important to ensure that the children’s future is safeguarded and do not have to depend on others in case death snatches their sole provider away from them.
The Octagon Trust Fund ensures parents and guardians get all the assurance they need. Octagon Trustee Services oversees the settlement of trust funds to children under the age of 18 through the nominated guardian who receives upkeep funds on their behalf.
In addition, Octagon Trust Fund also provides medical coverage and school fees for the children. Usually, the source of funds is from life policies, group personal accident benefits, group life assurance benefits, income from assets, or other savings.
With the above, Octagon ensures that you not only enjoy life but also ensure that the family is able to pull through such tough seasons of life.