ADVOKS GLOBAL · KENYA
Insurance Act
88. Paid-up policies
Edition: 2023-12-11 · In force
88. Paid-up policies
(1)A policyholder who desires to discontinue further premium payments on a policy of life assurance on which not less than three years’ premiums have been paid in cash shall, on application to the insurer, be entitled to receive, in lieu of that policy, a paid up policy for an amount not less than that determined in accordance with the rules.(2)The paid-up policy shall be payable upon the happening of the contingency upon the happening of which the amount assured under the original policy would have been payable.