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Sanlam General Insurance

Home Insurance

Home cover · Regulated by the IRA

What is this?

It covers your home for a year. That means the building, what is inside it, and portable things like phones and laptops. It also covers your domestic workers, and claims other people bring against you.

The details that matter for this kind of plan

What it coversThe building, everything in it, portable things, domestic workers, and claims against you
Claiming on the buildingCosts you nothing, except 2% of the sum insured after an earthquake
Claiming on a phoneCosts you KES 2,500. Other contents cost KES 1,000
If a domestic worker is hurtUp to 8 years of their earnings, KES 100,000 of treatment, KES 30,000 funeral
Who actually pays a claimSanlam General Insurance. Standard Chartered only sells it

What does it cost you?

Sanlam General Insurance does not publish what it charges. We looked for one charge and found no figure for any of them:

  • · No premium or rate appears on the page.

What if you stop paying?

The cover stops at the end of the year you paid for. Nothing comes back.

What if you need the money early?

There is nothing to take out. This is cover, not savings.

Who this suits

It could work for you if

You want the building, the contents and your phone under one policy, and the claim costs stated up front.

Think twice if

You want to compare prices first. The one number this page will not print is what a year costs.

How openly does this company explain its charges?

CLeaves real gaps6 of 9 answered
  • What do they charge you every year?
    This kind of charge does not exist on this product.
  • What is taken off the money you pay in?
    This kind of charge does not exist on this product.
  • What does it cost to get out early?
    There is nothing to cash out, so there is no exit charge.
  • What is the smallest amount you can start with?
    They do not publish a minimum. You have to ask an agent.
  • How long is your money tied up?
    Not applicable to this kind of product.
  • Is the advertised return before or after their charges?
    This kind of product does not advertise a return.
  • Do they warn you the return is not guaranteed?
    This kind of product does not advertise a return.
  • Do they tell you what you get back if you stop early?
    You get whatever your money is worth on the day. There is no schedule.
  • Do they list what is not covered?
    No list of exclusions appears in the sources we checked.
  • Are all their charges published?
    No. 1 charge is mentioned without a figure.
  • Do they say who regulates them?
    Yes — the IRA. That is who you complain to.

This grades how openly things are explained, not whether the plan is good or bad. See how we work it out.

Things to know before you sign

  • · Every excess is published and the price is not. You know what a claim will cost you before you know what the cover will.
  • · The building section excludes the value of the land under it.
  • · An earthquake claim costs you 2% of the sum insured, up to KES 5 million.
  • · Standard Chartered sells the policy, Sanlam General carries the risk, and the IRA supervises Sanlam General.

Talk to them

Compared with the others

There is 1 other plan of this kind on the board. See all 2 side by side — what each one leaves you with, and which of them will not say.

Where we got this