Group Deposit Insurance - Fabix Insurance
LIFE ASSURANCE

Group Deposit Insurance

Protect your depositors and build trust with comprehensive group deposit insurance coverage.

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WHY GROUP DEPOSIT INSURANCE

Why Choose Group Deposit Insurance

Protect your depositors and strengthen confidence in your financial institution

Depositor Protection

Protect your depositors' savings and build trust in your financial institution

Financial Security

Ensure depositors' funds are protected against institutional failure

Institutional Confidence

Build confidence in your institution and attract more depositors

Regulatory Compliance

Meet regulatory requirements for deposit protection

Trust & Confidence

Strengthen depositor confidence and loyalty

Peace of Mind

Provide depositors with peace of mind knowing their savings are protected

FEATURES

Key Features

Discover the comprehensive features of our Group Deposit Insurance

Deposit Coverage

Coverage for all types of deposits including savings, current, and fixed deposits

Group Coverage

Coverage for all depositors under a single master policy

Simple Administration

Easy enrolment and administration with minimal paperwork

Quick Claims Processing

Fast and efficient claims settlement for depositors

Regulatory Compliance

Compliant with local and international deposit protection standards

Competitive Premiums

Affordable premiums that protect your depositors without burdening your institution

COVERAGE OPTIONS

Our Coverage Options

Choose the group deposit insurance plan that best fits your institution

ESSENTIAL

Essential Cover

From KSh 1,000 per depositor
  • Deposit cover up to KSh 100,000
  • All deposit types covered
  • Simple administration
  • Quick claims processing
  • Monthly reporting
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POPULAR

Standard Cover

From KSh 2,500 per depositor
  • Deposit cover up to KSh 500,000
  • All deposit types covered
  • Interest protection
  • Flexible premium options
  • Monthly reporting & analytics
  • Dedicated account manager
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PREMIUM

Premium Cover

From KSh 5,000 per depositor
  • Deposit cover up to KSh 2,000,000
  • All deposit types covered
  • Interest & dividend protection
  • Full customization options
  • Comprehensive reporting & analytics
  • Dedicated account manager
  • Client portal access
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DETAILED COVERAGE

What's Included

Comprehensive protection for your depositors

Deposit Protection

Coverage for savings accounts, current accounts, and fixed deposits up to the insured limit.

Up to KSh 2,000,000
Interest Protection

Coverage for accrued interest on deposits up to the time of claim.

100% of accrued interest
Institutional Failure Cover

Protection for depositors in the event of institutional insolvency or failure.

Up to KSh 2,000,000
Quick Payout

Fast and efficient payout to depositors within days of a claim event.

Within 30 days
Regulatory Compliance

Full compliance with deposit protection regulations and standards.

100% compliant
Comprehensive Reporting

Detailed reports on coverage, claims, and depositor protection status.

Monthly reports
BENEFITS

Benefits for Institutions

Why financial institutions choose our Group Deposit Insurance

Depositor Confidence

Build trust and confidence among your depositors

Attract Deposits

Attract more deposits with insured protection

Regulatory Compliance

Meet regulatory requirements easily

Competitive Advantage

Stand out from competitors with deposit protection

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FAQ

Frequently Asked Questions

Find answers to common questions about Group Deposit Insurance

What is Group Deposit Insurance?

Group Deposit Insurance is a type of coverage that protects depositors' funds in financial institutions. If an institution fails, depositors are compensated up to the insured limit, ensuring their savings are protected.

What types of deposits are covered?

All types of deposits are covered including savings accounts, current accounts, fixed deposits, and other deposit products offered by your institution.

How much coverage does each depositor receive?

Coverage limits vary by plan. Our Essential plan covers up to KSh 100,000, Standard covers up to KSh 500,000, and Premium covers up to KSh 2,000,000 per depositor.

Is this insurance mandatory?

While not always mandatory, having deposit insurance is highly recommended and in some cases required by regulators. It provides essential protection for depositors and builds trust in your institution.

How are claims processed?

Claims are processed quickly and efficiently. We work with your institution to verify depositor information and ensure timely payout to affected depositors.

Can the coverage be customized?

Yes, our Group Deposit Insurance plans can be customized to fit your specific institution's needs. We offer flexible coverage limits, terms, and optional add-ons.

Why Choose Fabix Group Deposit Insurance?

Depositor Protection
Quick Claims
Regulatory Compliance
Competitive Rates
Expert Support
Trusted Partner