HAKIKA PLAN

YOUR GUARANTEED SAVINGS SOLUTION

Training Guide
AGENDA

Key Features
Benefits
The You Value
How The Hakika Plan Works For You
What Makes The Hakika Plan different?
KEY FEATURES

Personal savings plan with a waiver of

premium rider in case of death/disability.

The savings premiums are accumulated

and invested to generate future amounts
required by clients.

The saving period (term) varies from a

minimum of 5 years to a maximum of 43
years.
Key FEATURES

Tailor made around client’s dream

The minimum contribution is Ksh. 2,500 per

month inclusive of the waiver of premium.

Menu of optional payments i.e. monthly,

quarterly, semi-annually, annually or even
lump sum!
Key FEATURES

Acquires cash value after two years

Only Death Benefit is payable within the

first 2 years.

The minimum age for entry is 18 years

and the maximum age of entry is 55 years.
THE HAKIKA PLAN BENEFITS

Savings dream of the client is not compromised by

unexpected death/illness.

Tailor made for funding various short and long-term

savings/investment needs for various clients

Flexible – Prospective clients free to identify whatever

need they want to save for, approximate the cost of that
need and the length of time they need to save with option
of saving - monthly, quarterly, semi-annually, annually or
even lump sum.
THE HAKIKA PLAN BENEFITS

Explicit benefit pay out vis-a-vis investments

made by the client

Guarantees payment of selected savings amount at

maturity as long as the client meets his/her
obligation – which is regular savings

Automatic premium loan to avoid lapsing

THE HAKIKA PLAN BENEFITS

Flexible premium amounts depending on the

targeted savings amount
At maturity, lump sum pay out is not taxed

Acquires surrender value earlier than most

insurance products-at the end of the second year.
THE HAKIKA PLAN BENEFITS

Calculated amounts of the cash Value in

the Plan can be used as collateral to acquire a
loan, after the 2nd year

Transparent charging structure

Available death benefit amounts -always

higher than the paid-in premium amounts
THE HAKIKA PLAN BENEFITS

Guaranteed benefit-unlike other products in the

market. What you apply for is what you get.

Cash benefits can be used as collateral to acquire

a loan.

In built savings protection in the form of waiver

of premium in case of death and disability.
HOW THE HAKIKA PLAN WORKS
FOR YOU – SIMPLE!

Determine your savings dream, e.g. buying a car or

accumulating mortgage deposit, planning for your
wedding, paying for your Masters Degree, etc

Indicate the amount of money required to ensure that this

dream is realised – amount and period over which it is
required.

Choose from the menu the preferred mode of contributions

to achieve this dream – monthly, quarterly, semi annually,
annually or even lump sum!
HOW THE HAKIKA PLAN WORKS
FOR YOU – SIMPLE!
Receive tailor-made illustration for the plan from
UAP Life or any of their authorised independent
financial advisors.

Engage to modify scenario(s) as per capability,

then if satisfied with the illustration produced and
the disclosures made therein, sign the same.

Fill in the application form as the basis of the

contract along with the illustration & submit with
copy of ID.
HOW THE HAKIKA PLAN WORKS
FOR YOU – SIMPLE!

Pay your selected (first) premium by cheque,

cash deposit or MPESA into the UAP Life account

Let the Hakika Plan become the vehicle

that helps you to realise your savings
goals/dreams!
WHAT MAKES THE HAKIKA PLAN DIFFERENT?

Tailor made to ensure that your long term dream

or goal is realized

Very transparent charging structure...’what you

see is what you get’

Flexible – the plan is structured to suit savings

goals of individual clients
WHAT MAKES THE HAKIKA PLAN DIFFERENT?

Very explicit benefits as compared to

savings made by the client

Higher death benefit amounts than paid-in

premiums.
1st customised savings plan in the
Kenyan life insurance space.

Transparent charging structure.

Very flexible – client chooses the plan

that matches their savings dream/goals.
Guaranteed savings amounts at maturity.

Higher benefit amounts, than paid-in

premiums.

Death benefit guarantee payable within

policy term.
KEY POINTS

Flexible premium amounts and

savings period.

Lump sum pay out at maturity not

taxed.
Policy and premium loans available.
WE ARE READY TO BUY!
I AM TOO!... FOR MY BIG DAY
 UAP Life Assurance Limited, Bishops Garden Towers, Bishops Road,
PO Box 23842-00100, Nairobi, Kenya. Tel 2850300, Fax 2719030, E-mail uaplife@uap-group.com
www.uap-group.com