Group Life Insurance in Kenya Explained (2026 Guide for Employers) скачать в хорошем качестве

Group Life Insurance in Kenya Explained (2026 Guide for Employers)

Are you an employer in Kenya looking to protect your team and strengthen your company’s benefits package? 🤝 In this video, Step By Step Insurance breaks down everything you need to know about Group Life Insurance in Kenya — how it works, what it costs, and why every serious employer should consider it. ⏱️ Timestamps 00:00 – Introduction 00:43 – What is Group Life Insurance? 00:58 – The Purpose of Group Life Cover 01:19 – How It’s Set Up in Kenya 01:36 – Employee Registration & Medical Requirements 01:47 – How Much Cover Do Employees Get? 02:13 – How Much Does It Cost? 02:31 – How Families Use the Payout 02:48 – Real-Life Example of Coverage 03:16 – Additional Riders & Benefits 03:37 – When Does Cover Start? 04:35 – Why It Improves Retention & Loyalty 04:44 – Is It Mandatory in Kenya? 05:15 – How to Get Professional Advice 📘 What Is Group Life Insurance? ✔️ A life insurance policy taken by an employer ✔️ Covers all employees under one shared scheme ✔️ Pays a lump sum benefit to nominated beneficiaries if an employee passes away It ensures financial stability for families during difficult times 💙 ⚙️ How It Works in Kenya 1️⃣ Employers work with licensed insurance brokers to compare insurers 2️⃣ Employees are registered using basic details (ID, salary, beneficiaries) 3️⃣ Most policies do not require medical tests 4️⃣ Employer pays one annual premium 5️⃣ It’s more affordable than individual life insurance because risk is shared 💰 Coverage & Benefits ✔️ Typically 2–5 times annual salary ✔️ Tax-free lump sum payout ✔️ Helps families cover: Funeral expenses School fees 🎓 Rent or mortgage 🏠 Daily living expenses ➕ Optional Riders May Include: Double payout for accidental death Funeral expense advance Disability benefits 🏢 Why Employers Should Consider It ✅ Enhances employee welfare ✅ Builds company image & brand reputation ✅ Supports recruitment & retention ✅ Shows you care beyond salary ✅ Often starts from Day 1 of employment While not mandatory in Kenya, it is recognized as a best practice for employee welfare. 📞 Contact / Request a Consultation Ready to set up a Group Life Insurance scheme for your company? 🌐 Request a Consultation: https://stepbystepinsurance.co.ke/con... 📞 Call Us: +254 (0) 729 712 200 +254 (0) 716 534 192 💬 WhatsApp: 0722 888 350 Let’s protect your employees and secure their families’ future — Step by Step. 💼✨ #GroupLifeInsurance #EmployeeBenefitsKenya #LifeInsuranceKenya #HRKenya #StepByStepInsurance