Medical Trust

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Medical Trust

A Medical Trust is a simple but powerful way to set aside money that will always be available for medical expenses, whether for you, your loved ones, or your employees. It’s a long-term, personalised healthcare fund, held in a Trust and professionally managed by ICEA LION’s Trust Company. 

You choose how the fund should be used: to support private medical treatment, take care of ageing parents, or give your team continued access to healthcare even after they retire. 

  • Total control, today and tomorrow
    You choose who the money is for, how much is set aside, and what it can be used for. Whether it’s a future surgery, long-term care, or routine checkups, you remain in charge of your healthcare plan.
  • No delays, no court
    Unlike a will, a Trust doesn't go through probate. That means no legal hurdles when funds are needed. Your beneficiaries can access the medical support they need when they need it.
  • Expertly managed
    Your Trust is managed by professionals who offer sound investment advice and partner with licensed fund managers to grow your fund safely over time.
  • Affordable peace of mind
    There are no joining fees or minimum amounts. Just a simple 1% annual fee on the value of the Trust.
  • Tailored to your values
    You can ring-fence funds specifically, whether for your employees, a vulnerable family member, or yourself. It’s your fund, your way.
  • Safe from creditors
    Assets and funds held in the Trust are legally protected from any claims by creditors or third parties.
  • Eligible for tax relief
    Setting up a Charitable Trust? You may qualify for tax exemption on your fund.

What can you include in your Trust?

  • Term deposits; fixed deposits and recurring deposits
  • Retirement benefits
  • Bank accounts
  • Listed stocks and shares
  • Private company shares
  • Insurance policies
  • Property; houses and land
  • Mutual funds or Unit Trust investments

You can use the funds for a wide range of employee healthcare needs:

  • Group medical cover premiums
  • Post-retirement healthcare benefits
  • Critical illness support
  • Emergency medical assistance
  • Other agreed-upon medical benefits as per the Trust Deed
  1. Set Up the Trust
    We help you draft and register a Trust Deed that outlines how the fund will be governed.
  2. Appoint Trustees
    You choose trustees: either individuals or institutions who will oversee the fund’s use.
  3. Fund the Trust
    You make regular or one-off contributions to the Trust, based on your organisation’s capacity.
  4. Grow the Fund
    ICEA LION invests the money in a pooled deposit fund with a track record of delivering solid annual returns.
  5. Claim When Needed
    When medical expenses arise, the trustees approve withdrawals according to your agreed-upon rules.

This solution is designed for:

  • Employers seeking to provide retirement medical benefits
  • Organisations with ageing workforces looking for sustainable healthcare funding
  • Employers facing rising group medical costs who want long-term predictability
  • HR and finance teams planning responsible legacy benefits for staff

Have Questions?Let's Talk!

Renew  Policy Contact Us +254 719 071 999

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