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Saturday, 24 July 2010 11:59

 

DREAM PRODUCTS FOR INVESTMENTS AND RETIREMENT

Kenyan Community in Diaspora have suffered enough trying to get attention from financial institutions both local and in Kenya to address some of their financial pressing needs. Kenyan Community in Diaspora has one common problem when it comes to investments in Kenya and retirement plans options. In the past, no institution has ever designed a product that addresses this problem and hence forcing many people to remain undecided whether to retire in Diaspora or back home. The truth of the matter is, many people want to accumulate wealth and invest back home where they plan to spend on their retirement. Unfortunately the products we have in America will only work for you if you plan to retire in a nursing home. CIC Diaspora has introduced special products that are specifically meant to address your investment and pension plan needs.

Co-operative Insurance Company of Kenya (CIC) is owned by the cooperative movement of Kenya and is the sister company of the Cooperative Bank. CIC Diaspora has developed three products for you. CIC Jijenge Investment Plan supports periodic accumulation of capital with a minimum of $50 per month. This plan guarantees returns over the term of the contract period of 12 years while enjoying a minimum life cover. The other product, Jipange Pension plan is designed to ensure financial independence in old age so that one’s lifestyle is not compromised in their less active years. Alan Lakein puts it this way, “Planning is bringing the future into the present so that you can do something about it now. CIC Diaspora makes it easy for you providing with products that works for you at your convenience and most affordable way.

The Hot and the dream product is the CIC Last Expense Product. This product is designed to cover for funeral expense when a fellow Kenyan dies in Diaspora. When a Kenyan dies in Diaspora, it is a tradition that friends and family have to raise funds to take care of funeral expenses and shipping the body back home.

We have heard cases where a fellow Kenyan died in US or Britain but the body cannot be shipped back home because of lack of funds. This problem is long gone and people can now redirect their money to other uses.

With a premium of just $30 per month this plan guarantees a death benefit of Kshs. 1,600,000 (approximately USD $20,000), payable to the beneficiary. There are three premium payment options:-

 

  • Annual premium: $365
  • Semi-Annual Premium: $195
  • Quarterly Premium: $100

 

The best time to plant a tree... was twenty years ago and your second best time is now. Go to CIC Diaspora website, www.cicdiaspora.co.ke and start planning your future today.

Use referral code 178

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“If you wait until the wind and weather are just right, you will never plant anything and never harvest anything.” Ecclesiastes 11:4