MWALIMU NATIONAL WELFARE SERVICES
MNS endeavors to reach out to her members in time of need. Mwalimu National puts aside funds for such unforeseen circumstances. These welfare services are:
- Burial Benevolent Fund (BBF)
- Risk Fund.
- FEATURES OF BURIAL BENEVOLENT FUND-BBF
- Is compulsory
- Monthly contribution is Ksh 150
- The fund is managed in accordance with the Mwalimu National BBF By laws
- In the unforeseen circumstances that a member passes on, or the member’s spouse, child(ren), parent(s) or parent(s)-in-laws, the member will be entitled to burial benefits as stipulated:
| PERSON | ENTITLEMENT IN KSH |
| Self (Mwalimu active members) | 60,000 |
| Spouse | 55,000 |
| Onw child(ren) | 35,000 . (Up to a max of 6 children) |
| Onw parent(s) | 20,000 |
| Parent(s) in-law | 15,000 |
- FEATURES OF RISK FUND.
- Is compulsory insurance scheme for all members
- Monthly contribution is Ksh. 400
- The funds are used to:
- Offset outstanding loans of the deceased member
- Double the savings ,of the deceased member, which are paid to his/her nominee(s)
- Pay the last respect benefit(paid in addition to the SACCO’s BBF benefits) as stipulated below
| PERSON | ENTITLEMENT IN KSH |
| Self | 120,000 |
| Spouse | 80,000 |
| Own children | 40,000(up to a max of 4 children) |
| Own parents | N/A |
| Parents in-laws | N/A |
For efficiency in payment the members should:
- Confirm and update their nominees regularly with the Society to avoid legal tussles
- In case of more than one nominee, members are advised to clearly indicate the percentage allocation for each nominee.
Documents required when launching a claim:
- Certified copy of death certificate/burial permit
- Birthday notification form/ birth certificate(for all claims on own child)
- Discharge summary sheet issued by the hospital (for a child below 2 months old)
- Radio announcement or Newspaper caption or letter from Assistance Chief or Head of Institution
- Marriage certificate or duly signed affidavit
- Adoption order and birth certificate after adoption for adopted children.
- Any other supporting documents(specify)
NOTE:
- Own children refer to natural children and legally adopted children
- No claim shall be paid if lodged two years after the demise of the eligible deceased person.
