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January 31, 2019

Do you need life insurance in Kenya?

Life insurance protects the financial interests of your family. It can provide financial support in the event of critical illness, disability or sudden death. It can also act as a long-term investment that will help you meet your goals such as children’s education, your children’s marriage, building your dream home, a relaxed retirement life or any other goal.

When you have life insurance, Kenya Revenue Authority allows a tax relief of 15% for a maximum of Ksh60,000 premium per year (Ksh5,000 per month).

 

 

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