List of Pioneer Insurance Products and Branches in Kenya

This policy grows your money over a period of time so that you are assured a partial or lump sum payment to help in meeting your financial goals. In addition, it provides the security that, should your death or permanent disability rob your family of its breadwinner.

This is an anticipated endowment assurance with regular premiums payable to secure cover on death or survival with partial maturity payments at prescribed intervals. In addition, the policy attracts simple reversionary bonuses declared annually after the performance of the actuarial valuation of the life fund.

This product is designed to suit the personal needs of an individual and his/her family. The plan provides insurance covers for self, immediate family and extended family.

This product provides the perfect platform where you can save regularly, and your money is invested wisely by the Pioneer team to give you the best that the market has to offer. The plan is ideal for investors who require low to medium risk investment avenues offering liquidity as early as in the third year.

This policy is perfect for a retirement plan as well as a necessity for sound financial planning. It allows the insured to choose policy term from between 10 years and 30 years. It offers protection and is an attractive and secure medium of investment. Premiums are payable for a fixed number of years or until the death of the life assured.

10. Pioneer School Fees Policy

This policy secures your child’s future by providing a cover to their education. The life assured is sure to receive the desired school fees amount whether or not they survive to the end of the term.

Pioneer Group Life Assurance Products 

1. Group Life Assurance

This is a term insurance cover provided to a group of people (at least 10 ) who must exist for some purpose other than that of taking insurance. It is offered by an Employer or Association to its workers or members. The cover enables the employer/scheme holder to alleviate the financial distress that might befall the dependents of an insured member upon his/her death.

The cover has riders: Permanent Total Disability, Critical Illness, and Last Expense.

2. Group Credit Assurance

This policy protects the creditor from financial liabilities arising from the demise or disability of borrowers.

This policy provides for funeral costs for departed members.

4. Micro Insurance

This is a specialized group credit life insurance policy tailor-made to cover short-term loan balances for small scale businesses. This policy pays off the outstanding loan on reducing balance basis in the event of death or permanent disability.

5. Mortgage Protection

It is a group credit cover that provides protection to a mortgage lender in the event of Death or Permanent Total Disability of a borrower.

General Insurance Products 

1. Domestic Package

This policy covers your household and its contents. It is divided into the following sections.

SECTION A

Covers – Buildings, fences, outbuildings and walls against fire and perils, impact, explosion, earthquake, riot and strike, etc

SECTION B

Covers – Contents of all description while in a building occupied continuously by the proposer against fire & perils and theft.

SECTION C

Covers- Portable and/or delicate valuables like jewellery, watches, spectacles etc against fire and perils, theft and accidental damage. Details of items to be covered e.g. Make, Model, and serial Numbers should be provided.

SECTION D

Covers- Domestic workers for accidental injuries or sickness while in the course of duty. Domestic workers would include indoor servants, outdoor servants (gardeners, stablemen), drivers, watchmen etc.

SECTION E

Covers- House Owner’s against personal liability to third parties in and out of the premises. Duty of care so as not to injure visitors is placed on the owner of the property/premises.

SECTION F

Covers- Renter’s against personal liability to third parties in and out of the premises. Duty of care so as not to visitors is placed on the occupier of the premises.

2.Marine Insurance

This policy covers goods, freight, cargo and other interests against loss or damage during transit by rail, road, sea and/or air. Shipments are protected from the time the goods leave the seller’s warehouse until they reach the buyer’s warehouse.

3. Travel Insurance

This policy covers travellers against perils like accidents, loss of luggage, illnesses, flight cancellation, travel delays and many other travel-related contingencies. Below are other benefits of this policy.

• emergency medical-related expenses arising while travelling.
• Personal accident cover during the trip
• Reimbursement of travel and accommodation-related expenses incurred in the event of cancellation or unintended rescheduling of travel
• Reimbursement of reasonable expenses as a result of delays in travel.
• Reimbursement of reasonable expenses due to loss of luggage during travel

4. Motor Product
Motor insurance covers all damages and liability to a vehicle against various on-road and off-road emergencies. A comprehensive policy even secures against damage caused by natural and man-made calamities, including acts of terrorism.

This cover offers compensation for death, permanent disablement, temporary loss of income due to disablement and medical expenses arising from an accident.

• Hail, Snow, Wind, Hurricane, Cyclone, Tornado or Typhoon.
• Rain (so long as damaged by perils mentioned in ‘A’ above
• Flood
• Overflowing of guttering & downpipes in connection therewith, or bursting or overflowing of municipal or other public water supply mains
• Bursting or overflowing of water tanks, apparatus or pipes, excluding damage thereto
• Aircraft and other aerial devices and/or articles dropped therefrom
• Impact with any of the said buildings insured under this policy &/or any walls, gates & fences around & pertaining hereto, by road vehicles, horses or cattle not belonging to or under the control of the insured his agent or servant
• Subterranean Fire

This policy covers loss or damage to property insured resulting from theft;  violent and forcible means of entry into or exit from the premises.

It provides cover against accidental physical loss or damage to specified items as a result of any cause which is not specifically excluded from the policy. This includes theft, fire and accidental damage including riot and strike.

This is a policy designed in compliance with the WIBA Act of 2007 to cover employees against accidental loss of life or disability arising out of a work-related accident.

It covers the employer against the expenses awarded to the employee by the court of law up and above what is paid under WIBA up to limits specified in the policy.

Pioneer Pensions & Annuities

1. Occupational Pension Scheme

This is a retirement benefits scheme set up by the employer for the benefits of the employees.

This is a scheme that has been set up by Pioneer Assurance for Participation by employers who do not have or have not opted to set up an occupation scheme.