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Term Life Insurance Cover in Kenya

By June 10, 2024June 13th, 2024Blog

Term life insurance cover is a type of life insurance that provides coverage for a specific period, typically ranging from 5 to 30 years. It offers financial protection to your loved ones in the event of your death during the policy term.

Understanding Term Life Insurance Cover

What is Term Life Insurance Cover?

Term life insurance cover is a contractual agreement between an individual and an insurance company, where the insurer promises to pay a lump sum amount, known as the death benefit, to the beneficiaries of the policyholder upon their death within the specified term.

How Does It Work?

Policyholders pay regular premiums to the insurance company in exchange for coverage. If the policyholder passes away during the term of the policy, the beneficiaries receive the death benefit, which can be used to cover expenses such as mortgage payments, debts, education costs, and daily living expenses.

Importance of Term Life Insurance Cover in Kenya

Term life insurance cover plays a crucial role in providing financial security to families in Kenya. In a country where many households rely on a single breadwinner, the sudden loss of income can be devastating. Term life insurance ensures that your loved ones are protected financially, allowing them to maintain their standard of living even after you’re gone.

Flexibility in Coverage

Term life insurance policies offer flexibility in coverage, allowing policyholders to choose the coverage amount and term length that best suits their needs and budget.

Affordable Premiums

Compared to other types of life insurance, such as whole life insurance, term life insurance typically has lower premiums, making it more affordable for individuals and families in Kenya.

Financial Security for Dependents

Term life insurance provides peace of mind knowing that your dependents will be financially taken care of in the event of your untimely death. The death benefit can help cover immediate expenses and provide long-term financial support to your loved ones.

Factors to Consider Before Choosing a Term Life Insurance Cover

Before purchasing term life insurance cover in Kenya, there are several factors to consider to ensure you select the right policy for your needs:

Coverage Amount

Determine the amount of coverage needed to adequately protect your family and cover financial obligations such as mortgage payments, debts, and living expenses.

Policy Term

Choose a policy term that aligns with your financial goals and obligations. Consider factors such 

Insurer Reputation

Research insurance companies thoroughly to ensure they have a strong financial standing and a reputation for reliable customer service and claims processing.

How to Purchase Term Life Insurance Cover in Kenya

Purchasing term life insurance coverage in Kenya involves the following steps:

  1. Evaluate your needs and those of your loved ones. You might want to parchase term life insurance, but is it the best fit for where you are in life? Whole life insurance would probably fit you well. We can assist you with this. Just book a free consultation with one of our experts. 
  2. Researching Insurers: Gather information on insurance companies that offer term life insurance in Kenya, considering factors such as financial strength, customer reviews, and product offerings.
  3. Comparing Quotes: Dawit, as an agency, helps you obtain quotes from multiple insurers to compare coverage options and premiums.
  4. Understanding Policy Terms and Conditions: We will help you examine the policy documents to understand the terms, conditions, and exclusions of the coverage.

Tips for Maximizing the Benefits of Term Life Insurance Cover

To maximize the benefits of term life insurance cover, consider the following tips:

Regularly Reviewing Coverage Needs

Review your coverage needs periodically to ensure that your policy adequately reflects changes in your financial situation, such as marriage, childbirth, or career advancement.

Updating Beneficiary Information

Keep your beneficiary information current to ensure that the death benefit is distributed according to your wishes.

Understanding Policy Renewal Options

Understand the renewal options available with your policy, including the ability to convert to a permanent life insurance policy or renew coverage at the end of the term.

Common Misconceptions about Term Life Insurance Cover

It’s Only for the Elderly

Term life insurance cover is not just for the elderly. It’s suitable for individuals of all ages who want to provide financial protection for their loved ones.

It’s Too Expensive

Term life insurance typically offers affordable premiums, especially for younger, healthier individuals. The cost of coverage can vary based on factors such as age, health, and coverage amount.


Term life insurance cover is a valuable financial tool that provides peace of mind and security to families in Kenya. By understanding the key features, benefits, and considerations involved, individuals can make informed decisions to protect their loved ones’ financial future.

Get your Term life insurance with us today. Visit this page and fill out the form at the bottom, and one of our team members will contact you. 


  1. Is term life insurance suitable for everyone?
    • Term life insurance is suitable for individuals who want a secure and flexible coverage to protect their loved ones financially.
  2. Can I customize my term life insurance?
    • Yes, term life insurance policies often allow policyholders to customize coverage amounts and term lengths to meet their specific needs.
  3. What happens if I miss a premium payment?
    • If you miss a premium payment, your policy may lapse, resulting in a loss of coverage. However, many insurers offer grace periods or payment options to reinstate the policy.
  4. Is it possible to switch insurers during the policy term?
    • No, it’s not possible to switch insurers during the policy term, however, we encourage you to buy another policy.
  5. Can I increase my coverage amount mid-policy?
    • No. you can not change amount as a policyholder to increase your coverage mid-policy, although you can always buy another policy.