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Security and Risk Management

SECURITY AND RISK MANAGEMENT

A. Principal Member
• It is an insurance covering member’s long term deposits against permanent disability or death.
• Monthly Security is Kshs. 150 and compulsory to all members.
Benefits:
• Long term deposits refunded double the deposits the member held at the time of death or permanent disability to his/her nominees.
• Funeral rider of Ksh. 200,000 when a member dies (Ksh. 100k instantly and Ksh. 100k later).
• Loan waiver upon death or permanent disability
Requirements:
• original death certificate and burial notifications must be produced for all claims
• Nominee card- All members should regularly update their nominee details.
• Regular monthly share contribution
• Notification of death within 6 months
• Payment of loan in time

Milele BBS – Standard Scheme – in partnership with Imarika SACCO
• covers spouse and 2 children
• Mortuary charges for 14 days
• Hearse Services
• Standard casket
• 2 tents, 200 chairs and gazebo tent
• Deceased clothing up to 5,000/-
• PA Services
• Lighting home from body arrival to burial
• Decent lowering gear
• Pay 100k or 130k for Muslims to condole for 30 days after burial

Milele BBS – Executive Scheme – in partnership with Imarika SACCO
• covers spouse and 2 children @1,250/- Addditional child
@ Ksh. 50/= , Addditional child @Ksh. 50/=
• Parental cover is 1,450/-p.m
• Private Mortuary Body preservation for 14 days
• Executive clothing (gown or suit)
• Executive casket
• 4 tents (50 seaters) and 400 chairs inclusive of 100 dressed chairs and executive tables
• Live Band Performance or PA Services
• Extensive Lighting/powerful generator from body arrival to burial
• Pay 300k or 350k for Muslims to condole for 30 days after burial