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Module 3 · Topic 2What Is NOT Covered
Products and Situations Not Covered
Several types of financial products and situations fall outside KDIC coverage. Understanding these exclusions is important so you can make informed decisions about how to protect your money.
- Deposits above the KES 500,000 limit (the excess is not insured)
- Bearer certificates of deposit
- Deposits of other deposit-taking institutions (bank-to-bank deposits)
- Deposits obtained through fraudulent misrepresentation
- Deposits at non-KDIC member institutions
- Investments in unit trusts, bonds, or equities
- Insurance policies and pension schemes
Key distinction: investments (stocks, bonds, unit trusts) and insurance products are NOT deposits and are NOT covered by KDIC — even if purchased through your bank.
If you are unsure whether a product is covered, check with your institution or contact KDIC's customer care team.
All Topics in This Module