Faida Elite

There’s working for money, and then there’s making money work for you. The Faida Elite Insurance plan does just that: steadily grows wealth over time while giving your loved ones financial peace of mind. With flexible premium payments and attractive returns, Faida Elite ensures that you’re not just living, you’re living free.

Account Overview

What You Need to Open an Account

The requirements are as follows:

Copy of National ID
KRA PIN
Fully filled application form

Why choose the Faida Elite plan?

Flexible Premium Payments
Invest your surplus funds and top up your investment anytime.
Pay premiums yearly, half-yearly, quarterly, monthly, or as a single lump sum.
Easy Liquidity
Enjoy up to 3 partial withdrawals during the policy term.
Each withdrawal is a minimum of KES 50,000 and value depends on the fund value.
Withdrawals are allowed after the first policy year.
Adequate Insurance Cover
Safeguard your loved ones with life cover ranging from KES 100,000 to KES 100,000,000.
Attractive Returns on Investment
Diversified portfolio allocation and steady management for optimal returns.
Returns are based on the performance of the underlying fund.
Tax Benefits
Premiums qualify for tax relief up to a maximum of KES 5,000 per month or KES 60,000 annually.

Faida Elite Features

Eligibility
Individuals aged 18 to 80 years.
Flexible Policy Terms
Terms range from a minimum of 5 years to a maximum of 15 years.
Premium Payments
Start from KES 10,000 per month or KES 100,000 as a one-time lump sum.
Change payment frequency: half-yearly, quarterly, monthly, or annually.
Fees
Admin and fund management fees applicable.
Risk premium based on life cover subject to age and sum assured.
Withdrawals
Partial withdrawals permissible after policy has been in force for at least one year.
Withdrawals allowed up to 15% of fund value per policy year.
Withdrawal charges apply as shown below:

Faida Elite Charges

Months in Force	Withdrawal Charges
1 to 12	10%
13 to 24	5%
25 to 36	3%
37 Onwards	0%