Burial Benevolent Fund-BBF
- Used to accord members and their immediate families a decent burial
- Monthly contribution is 150
PERSON | ENTITLEMENT IN KSH. |
Self | 60,000 |
Spouse | 55,000 |
Own children | 35,000. (up to a max of 6 children) |
Own parents | 20,000 |
Parents in-law | 15,000 |
Supporting documents required during a claim:
- Certified copy of death certificate/permit for burial
- Birth notification form/ birth certificate (for all claims on own child)
- Radio announcement or newspaper caption or letter from Chief/ head of institution
- Any other supporting documents (specify)
Risk Fund
- Monthly contribution is 400
- Used to pay the outstanding loans of deceased members and double the monthly deposits to be paid to the nominee(s).
LAST EXPENSE BENEFIT (PAID IN ADDITION TO SACCO’S BBF BENEFITS)
PERSON | ENTITLEMENT IN KSH. |
Self | 120,000 |
Spouse | 80,000 |
Own children | 40,000 (up to a max of 4 children) |
Own parents | N/A |
Parents in-law | N/A |
For efficiency in payment the members should:
- Confirm and update their nominees with the Sacco to avoid legal
- In case of more than one nominee, clearly indicate the percentage allocation for each