Member’s Welfare

Requirements:-

Be an active member

• Honor Contributions Kshs. 400 (MPS 200/=, RRF 200/=) monthly
• Contribute for at least 6 months to start benefiting from the scheme
• Appoint nominees and keep updating changes when necessary
• For MPS claims, produce certificate of death or total incapacitation
• For RRF claims, produce retirement letter or death notification with proof of relationship to the member

Benefits

• Clearance of all loan outstanding balances as at time of demise or total incapacitation
• Next of Kin gets double members BOSA deposits upon demise
• Funeral rider of Kshs.50, 000/= for deceased member to next of kin.

1. Member Protection Scheme (MPS)

2. Risk & Retirement Fund (RRF)

• Upon retirement of a member a token of Kshs. 28,500/-
• In case of demise of a spouse a consolation of Kshs. 14,500
• In case of demise of a child a consolation of Kshs. 7,500
• In case of demise of the member the next of kin(s) is consoled with Kshs. 56,500