What happens to the cash value in my policy when I die?

In the event of your demise, StarLife will pay the death benefit. No matter how much cash value you may have had in the policy, your beneficiaries can collect not more than the stated death benefit. Any loans not repaid (plus interest) will be subtracted from the death benefit.

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  The Esteem HomeCall Plan just as any other risk policy, cannot be surrendered for cash value.

• What is Lapse and what happens when my policy lapses?

  Lapse is cessation of cover as a result of non-payment of premiums by its due date. There is however a grace period of 31 days after the due date; for payment to be effected, after which the policy may be lapsed. All benefits may be forfeited unless ...

• What is Cancellation and how do I get my money back if I cancel my policy?

  Cancellation means to terminate your policy before its expiry date. Getting your money back will depend on the time the request for cancellation is put in and the type of policy. Policies that have cash value will be treated as a surrender and not ...

• If I die, how will my beneficiaries know I took a policy for them to make a claim?

  When deductions cease, messages are sent periodically. Such messages could help inform the bearer of the phone that some monies are being paid to us. Family members could also get the information from the deceased’s pay slip or bank account ...

• Mode of payment of my policy

  Payment can be done via momo (0245287497), using your policy number as reference.