Group presentation 2

Presented by: PRISCILLAH [email protected]

+254 708804497

www.jubileeinsurance.com

JUBILEE LIFE INSURANCEThe relaxed way to save.

Contents

• Company History and profile • What is Life Insurance and do I need it?• Setting ‘SMART’ financial goals• Jubilee Education Plan• Jubilee Saving/Investment plan• Jubilee Anticipated Endowments• How do I join?• Question and Answers.

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Who is Jubilee Insurance?

Jubilee is the only ISO certified insurance group cross listed on the three East Africa stock exchanges • The Nairobi Stock Exchange • Dar es Salaam Stock Exchange • Uganda Securities Exchange. 

• Jubilee Insurance was established in 1937 and has grown to be East Africa’s Largest and strongest Insurance group.

• Jubilee transacts all classes: Short tem (General, Medical) and long term (Life, Pension)

• Jubilee Insurance has a network of offices spanning Kenya, Uganda, Tanzania, Burundi and Mauritius.

Financial Strength

Gross Written Premium (Ksh Bn) Profit Before Tax (Ksh Bn)

0.91.12

2.05 2.14

2.69

Total Assets (Ksh Bn)

23.74

47.42

08 09 10 12 11

Our affiliation.Aga Khan Development

Network

Aga Khan Fund for Economic Development

(AKFED)

Industrial Promotion

Services(IPS)

Tourism Promotion

Services(TPS)

Media Services(MS)

Financial Services(FS)

Aviation Services(AS)

Social DevelopmentEconomic

Development Culture

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Kenya Litho

Jubilee’s Investments

Regional Presence...

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Big names with Jubilee cover:

Big names with Jubilee cover:

What is Life Insurance and do I need it?

• A saving plan that comes with protection against the loss of income that would result if the insured passed away.

Life Insurance pays a specified amount after a set period of time or on death whichever comes first.

Jubilee’s Life Offering

BONUSSESSAVINGS

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Proceeds (returns) from Jubilee

Why Insurance?

Insurance Other Financial Institutions

1. Bonus based on target amount

2. Provides life cover

3. Offers tax relief

4. Proceeds are tax free

5. Funds not easily accessible

6. Easily transferable/inherited

7. Can be used as collateral

1. Interest based on input

2. No cover, only your savings

3. No tax relief

4. Proceeds are taxable

5. Funds are accessible

6. Not accessible by third party

7. Cant be used as collateral

Why Jubilee?

• Financial stability• Trusted affiliation• Regional presence• Claim payment

history• Exgracia payments• Shares performance• Stable ownership• Professionalism and

integrity.

Setting ‘SMART’ financial goals

Specific What exactly will you accomplish? (Define in one sentence)

Measurable How much do you need to accomplish your financial goal?

Attainable Is it realistic with your effort? Do you have resources to accomplish? If not, how do you get them?

Relevant What value in your life does this financial goal reflect? What effect will achieving (or not achieving) your financial goal have on your life and others?

Time-bound By when will you achieve this financial goal?

Jubilee Careerlife Plan: The school fees solution

A good education is necessary in today’s life. However due to uncertainties like insufficient funds your child may not complete their education.

Education is the best

inheritance you can give to your child. Are you looking forward to give your children a good education with a lot of ease?

School Fees Plan illustration.

Class Amt available School Fees Balance 5% Intrest

Form 1 864,000/= 100,000/= 764,000/=38,200/=

Form 2 802,200/= 100,000/= 702,200/=35,110/=

Form 3 737,310/= 100,000/= 637,310/=31,866/=

Form 4 669,176/= 100,000/= 569,176/=28,458/=

First year 597,634/= 150,000/= 447,634/=22,382/=

Second year 470,016/= 150,000/= 320,016/=16,001/=

Third year 336,017/= 150,000/= 186,017/=9,301/=

Fourth Year 195,318/= 150,000/= 45,318/=

Sum Assured 600,000Bunusses @ 4% P.A. 264,000Maturity amount 864,000Accidental Death Benefit 1,464,000Monthly premium 5,646Tax relief 847

Parent Age 35 YearsChild Age 3 YearsPolicy Term 11 YearsSecondary School Cost 100,000 P.A.College/University cost 150,000 P.A.Total cost 1,000,000

Other Features and Benefits

Guaranteed education irrespective of any calamities Maturity benefit payable in lump sum or instalments Policy loan with flexible repayment Flexible terms of 5 to 20 years Total and permanent disability benefits Child and Parent Accident hospitalization benefit Last expense for Parent and child Tax relief. Ksh. 3M none Medical Limit 30 day free-look period

Jubilee Fanaka Plan:The personal saving plan.

• We all look forward to provide the best for our families: food, shelter, holidays, security etc.

• Family occasions like marriages, graduation should be celebrated with dignity.

• What about capital to start a business on your path to financial freedom?

• Or saving for old age, to retire in style, coupled with a life cover?

• Fanaka is specifically designed to meet these needs.

Illustration for a personal savings/Investment plan

Policy Term 5 8 10 12

Sum Assured 350,000 350,000 500,000 500,000

Annual Bonusses 87,500 140,000 250,000 240,000

Guaranteed Maturity Bonus 35,000 35,000 50,000 100,000

Maturity Benefits 472,500 525,000 800,000 840,000

Monthly Premium 7,064 4,464 5,166 4,367

Tax Relief (15%) 1,060 667 775 655

Net Premium 6,004 3,797 4,391 3,712

Total contribution 360,240 364,512 526,920 534,528

Total Returns 112,260 160,488 273,080 305,472

Percentage returns 31.20% 44.00% 51.80% 57.10%

Triplex (3 Payment plan)

Term 15 15 15 12 12 12

Sum Assured 500,000 800,000 1,000,000 400,000 600,000 800,000

Total bBonusses 375,000 600,000 750,000 240,000 360,000 480,000

Total Maturity 875,000 1,400,000 1,750,000 640,000 960,000 1,280,000

5th yr partial 125,000 200,000 250,000 4th year 100,000 150,000 200,000

10th yr partial 125,000 200,000 250,000 8th year 100,000 150,000 200,000

15th yr Final 625,000 1,000,000 1,250,000 12th year 440,000 660,000 880,000

Monthly Premium 4,111 6,577 8,221 4,236 6,353 8,471

Tax Relief 617 987 1,233 635 953 1,271

Net Premium 3,494 5,590 6,988 3,601 5,400 7,200

Jubilant (4 payment plan)

Term 10 years 12 years 15 yearsSum Assured 0.5m 0.5m 0.5mTotal bBonusses 0.25m 0.3m 0.375m1st partial payment 3rd yr(30%) 0.15m 3rd yr(30%) 0.15m 3rd yr(30%) 0.15m2nd partial payment 6th yr(30%) 0.15m 6th yr(30%) 0.15m 7th yr(30%) 0.15m3rd partial payment 8th yr(30%) 0.15m 9th yr(30%) 0.15m 11th yr(30%) 0.15m

Final payout10th yr(50%+Bonus)

0.5m12th yr(50%+Bonus)

0.55m15th yr(50%+Bonus)

0.625mTotal Maturity 0.95m 1m 1.075mMonthly Premium 8,850 7,479 5,967Tax Relief 1,327 1,122 895Net Premium 7,523 6,357 5,072

Anticipated (5 payment plan)

Term 15 15 15Sum Assured 500,000 800,000 1,000,000Total bBonusses 375,000 600,000 750,000Total Maturity 875,000 1,400,000 1,750,0003rd yr partial maturity 50,000 80,000 100,0006th yr partial 75,000 120,000 150,0009th yr partial 75,000 120,000 150,00012th yr partial 75,000 120,000 150,00015th yr final 600,000 960,000 1,200,000Monthly Premium 4,331 6,929 8,662Tax Relief 650 1,039 1,299Net Premium 3,681 5,890 7,362

FAQ

• What is the minimum/maximum entry/maturity age?

• What is the minimum/maximum Sum Assured?

• When does my policy attain cash value?

• What is the benefit of starting sooner than later?

• Can I take more than one policies?• Are there additional benefits?• Must I go for medical examination?

How Do I Join?

• Fill a proposal form• Attach a utility bill/ fill physical address form• Attach copy of ID/passport• Choose a premium payment method (Direct debit,

Salary Order, M-pesa, Pesa point, Cash Quarterly)• No medical report for a Sum Assured less than 3M .

QUESTIONS?

THANK YOU.