This policy pays out a guaranteed lump sum on the death of the person assured plus it pays a cash bonus of 200 times the weekly premium directly to the policyholder on every fifth anniversary of the policy (i.e. if you pay £5per week on every fifth anniversary of the policy the society representative will deliver directly to you £1000 in cash).
It is available to all individuals between the ages of 1-60. Bonuses are added to the policy annually and once added cannot be taken away. In addition a further bonus maybe added to the claim. This is the method of distributing the profits of the society back to the members and unlike Insurance Companies there are no shareholders taking a slice of the Society’s profits.
The Kensington Friendly Collecting Society Ltd is Authorised and Regulated by the Financial Services Authority (FSA). The Kensington Friendly Collecting Society Ltd FSA Register number is 110058. You can check these on the FSA’s Register by visiting the FSA’s website using the provided link
here or by contacting the FSA on 0845 606 1234
Kensington is a trading name of The Kensington Friendly Collecting Society Ltd Registered and Incorporated under the Friendly Societies Act 1992.
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