Bimanet

BimaNet is an aggregator of lives that leverages on the power of collective bargaining to offer its members better value-for-money and unmatched benefits on their life insurance products. It is the only company in Kenya licensed by the government to distribute life Insurance at a discount of up to 75% directly to the public.

Linda Fanaka is a revolutionary product that has been introduced in Kenya designed to provide maximum protection and financial security to a members’ security in the unfortunate event of diagnosis of a critical illness, hospitalisation (either because of an accident or disease), disability or death. The welfare fund also pays a cash back bonus for no claims and doubles the customer’s sums assured by our underwriters without a corresponding increase in annual premiums.

Unlike conventional insurance, admission to the Linda Fanaka scheme is automatic and immediate - there are no medical exams or waiting periods imposed. We have also extended the age limit of senior citizens up to 75 years young!  

The policy is underwritten by Old Mutual, CIC and Sanlam insurance companies and has a ‘5 in 1’ insurance package that includes: Life cover, Funeral cover, Critical Illness cover, Accidental Disability cover (PTD and TTD) and Hospital Cash Benefit. Further the policy admits clients between the age 18 years to 75 years with no requirement of medical testing.

The features include:

  1. Life Cover: While nothing can replace your presence in the hearts of your loved ones, a Life Insurance Policy will ensure that your dependents are financially secure after your death. If no claim is filed in the first two years of the policy, the life cover doubles at no corresponding cost.
  2. Critical Illness. Living with a serious illness requires a long list of lifestyle changes and unexpected costs that your medical aid will not finance. BimaNet pays you a lump sum amount upon being diagnosed with any of the specified illnesses in our policy guidelines. This pay-out will help you offset any additional expenses or reduced income as a result of the adjustments associated with your recovery.
  3. Personal Cover. This product compensates you in the event of injuries or disability caused by violent, accidental, external and visible events. We pay you a lump sum or a monthly benefit upon disability.
  4. Funeral Cover (DIGNITY PLUS): No one likes to think about death and funerals, but planning for that eventuality eases the financial and emotional burden on your loved ones. The dignity Plus plan enables you to adequately cover your funeral expenses so that your family can give you a distinguished send-off without the extra anxiety of organizing fundraisers.
  5. Hospital cash benefit. This feature is designed to help you cope with the extra financial burden when your life is disrupted by hospitalization. The money is paid directly into your account, which you can use to cover the shortfall of your medical cover or take care of other expenses from your hospital bed.
  6. Welfare fund. We understand that it may take up to 3 years to recover from the loss of a breadwinner’s income, and that conventional insurance pay-outs are rarely sufficient to cushion loved ones throughout this period. Benevolent Fund has been established that doubles the sums assured, pays you cash back for no claims and protects your income upon death or total permanent disability.