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Insurance Category: NON-MOTOR INSURANCE

Insurance Sub-Category: BUSINESS COMBINED


Insurance Policy: LEARNING INSTITUTIONS INSURANCE PACKAGE
Policy Summary
Verge Insurance Brokers has designed an insurance package aimed at covering the
various risks a learning institution is exposed to. The features of this package are as
follows:

a) SECTION ONE: STUDENTS PERSONAL ACCIDENT


This is a special tailor made Personal accident insurance covering students for medical
expenses following an accident. In addition, it provides cover against death, loss of
limbs, sight, and hearing and such other permanent total or permanent partial
disablement arising out of any accident.
OPTIONS
BENEFIT I II III IV
Medical expenses 150,000 100,000 75,000 50,000
Permanent total Disablement 300,000 200,000 100,000 75,000
Death 100,000 100,000 75,000 50,000
Artificial limb(s) 100,000 75,000 50,000 25,000
Dental (Following Accident) 15,000 15,000 15,000 15,000
Last expense 25,000 25,000 25,000 25,000

GPA- TEACHERS/NON-TEACHING STAFF


OPTIONS
BENEFIT A B C D

Death 1,000,000 750,000 500,000 250,000

Permanent total Disablement 1,000,000 750,000 500,000 250,000

Temporary Total Disablement 10,000 7,500 5,000 2,500

Medical expenses 200,000 150,000 100,000 50,000

b) SECTION TWO: FIRE & SPECIAL PERILS


Provides cover for buildings, contents, machinery and stock against Fire, Explosion,
Lightening, Earthquake, Riot and Strike, Malicious Damage, storm, flood and
miscellaneous perils.

c) SECTION THREE: BURGLARY


This section covers loss of or damage to the property insured caused by theft involving
entry or exit from the premises by forcible and violent means including Hold Up or theft
accompanied by assault or violence or threat of it to the insured or employees of the
insured.

d) SECTION FOUR: ELECTRONIC EQUIPMENT


Provides cover for actual repair/ or replacement cost following loss or damage to the
computer arising from any accidental cause.

e) SECTION FIVE: PUBLIC LIABILITY


This section provides cover to the client against legal liability to third parties for
damages in respect of accidental bodily injury or damage to property in course of or in
connection with the insureds business.

f) SECTION SIX: CASH IN TRANSIT


This section covers loss of money arising out of any cause and loss or damage to any
safe or strong room specified in the schedule.
Under this section the following is covered;
Cash In Transit
Cash In premises during working hours
Cash in premises outside business hours
Cash In hands on Directors/ Principle
Damage to safe
Estimated Annual Carry

g) SECTION SEVEN: FIDELITY GUARANTEE


This section Provides cover against fraud or dishonest committed by ones employees.

h) SECTION EIGHT: WORKERS INJURY BENEFITS COVER


This is a compulsory cover that compensates employees for work related injuries and
diseases contacted in course of their employment and for connected purposes.
Benefits:
Death : 96 months earnings
Permanent Total Disablement : 96 months earnings
Temporary Total/ Partial Disablement : Actual weekly earnings up to 52 weeks
Medical : Ksh.100, 000/-
Funeral Benefit : Ksh.30, 000/-
Cover Limits:
Any One Person : 4,000,000/-
Any One Occurrence : 25,000,000/-
Any One Year : 50,000,000/-

Please note that Section One can be taken up as a standalone policy. However any
other sections must be taken together with Section Two.