The Burial Benevolent Fund (BBF) is a last expenses product offered by Ukaguzi Sacco to provide financial assistance to members and their families in the event of a death. By contributing monthly, members can access benefits that help to cover funeral expenses and support their loved ones during bereavement.
Key Features
- Members contribute Kshs. 200 per month to the BBF
- The fund is voluntary, available to those whom have joined and contributing only
- The Next of Kin he/she MUST be nominated before death
- Claim maximum period is within six months.
- Covers to limit of three NOK. Parents and nuclear family only parents in-law not covered
- The fund provides Kshs. 80,000 to nominated Next of Kin upon death.
- The fund provides Kshs. 100,000 upon death of Contributor or Member.
Requirement For Claim
- For a deceased member, the nominated beneficiary provides his/her ID COPY, BANK DETAILS a stamped Burial permit and signed letter of claim.
- For a deceased Nominated Next of Kin. A member provides a stamped Burial permit, signed letter of claim, NOK ID for confirmation of relationship.