Burial Benevolent Fund

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Burial Benevolent Fund

This is a risk management fund. The society members are the fund members. They contribute Ksh. 200 per month. The fund covers premiums for Loan Guard Insurance Policy with the CIC.

Benefits

  • CIC pays to beneficiaries KSh.150,000.00 to cover the funeral expenses for Fund members who pass on. It clears outstanding loans of the member who has passed.
  • Deposits Refunded in full to the next of kin of the deceased member.
  • BBF boosts Deposit by half to the refund of deceased member’s contribution.
  • Refund of half of Burial Benevolent Fund contributions in case a member withdraws voluntarily from the Society after at least five years of contributing. Covers burial expenses for one spouse (KSh.80,000) and (KSh.50,000) for each child . It is also important for members to keep this information updated.

To access the Burial Benevolent Fund benefits, the next of kin produce a death notification or burial permit to be paid the Ksh.100,000 for burial and a death certificate for shares refund. Only nominees (where provided) or legal estate administrators are paid the benefits.


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Shirika Sacco Society LTD was registered on 24th April 1969 by the founding members of the Ministry of Industrialization and Enterprise Development Department. Main Office | SHIRIKA COOP HOUSE, Kipande/Ngara Rd | P.O. BOX 43429 - 00100, Nairobi | Tel: 0724610715, 0734897817 Email: info@shirikasacco.co.ke, shirikasaccosociety@gmail.com © 2016 Shirika Sacco Society LTD. All Rights Reserved. Designed & Developed by Adzumi.