What’s covered?

KDIC is mandated to provide insurance cover for deposit accounts up to a maximum of Kshs. 100,000.00 per depositor of a member institution. Where a depositor has more than one account in an institution, all the accounts are consolidated and paid up to a maximum insured sum of Kshs. 100,000.00.

Accounts covered include:

  • Current Accounts
  • Savings Accounts
  • Fixed Deposit Accounts
  • Foreign Currency Deposits

How to claim for your deposits

Depositors are required to fill a proof of debt claim form which can be accessed from the KDIC website.

  • Duration of payment is two years from date of commencement of the payment.
  • Liabilities owed to the institution shall be offset up to the extent of the insured deposit.

How a depositor recovers deposits in excess of the insured amount of KShs.100, 000

A deposit in excess of Kshs. 100,000.00 is paid as liquidation dividend after the liquidator has recovered sufficient funds from the sale of the institution’s assets and recovery of debts.