Kickstart your Level Term Assurance with us

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What Are The Key Benefits Of Our ICEA LION Level Term Assurance?

Eligibility for full Sum Assured Payout is immediate:

Once our contractual agreements are finalized (including payment of your first premium installment), in the unfortunate event of your demise, we will pay out the full Sum Assured to your nominated beneficiaries immediately upon notification of your demise. You should however note that we will deduct the amount commensurate with what you would have paid for as a full year’s premium – from the final dues – if you had not paid up for the full first year. Affordability:


In the unfortunate event you lose your source of income, you can reduce your premium payments up to Kes 2,000/- and you can later revise them upwards when your circumstances improve

Your legacy is protected

Your ICEA LION Milele Trust Fund, under our Trusteeship, gives you the peace of mind to know that in the event the unexpected happens, your legacy is protected and preserved for your loved ones

Contribution Break (Re-Dating):

If you are unable to continue paying the premiums for your policy, you can pause payment of your policy and restart when your circumstances improve, at no extra cost. This is known as re-dating. Other organizations may charge a fee on the arrears, however we do not charge at ICEA LION. You can however only re-date once.

Policy Loan

You can take a loan against your premiums from year 3 (36 months of contributions) and the loan amount is dependent on the value of your policy at that time not the Sum Assured.

Tax-Free benefit:

When your policy matures, you will get the full Sum Assured paid to you Tax-Free.

15% tax relief:

If you are employed and you advise your HR department about your policy, you get a 15% tax relief each month. If you are self-employed you can claim the same from Kenya Revenue Authority (KRA).

Flexible payment options

You can opt to pay premiums monthly, quarterly or annually which is suitable for self-employed as well as salaried employees

Guarantee Income for Your Loved Ones:

In the unfortunate event of your demise, your nominated beneficiaries can still have the quality of life you envisioned for them. That said, it is very important that you ensure you have structures in place to ensure that the people who are left in control of your funds use it as you desired. In order to protect your legacy for your intended purposes, it would be advisable to consider Estate Planning and perhaps set up a Trust. Click here to find out about out ICEA LION Milele Trust.

Learn more About Insurance

Visit our Knowledge base to get comprehensive information on our variety of covers

What Happens If I Cannot Pay My Premium?

Life Happens!

If for one reason or another you are unable to pay your premiums, you can opt for either of these options

The difference between term assurances and endowments.

Below is a graphical comparison of the final dues paid to you if you paid a premium of Kes 10,000/- per month for 10 years for Value Added Term, Level Term Assurance, Anticipated Endowment and Endowment with Profits.

Policy Type

Level Term Without Profits

Value Added Term Assuarance

Value Added Term Assuarance

What Other Covers Are Available At ICEA LION?

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Investment done

For a little as Kes 500/- and with the right partner to back you up, the only way for your investments is up

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