SanlamAllianz to allow retirees with Sh4mn to withdraw funds
The product, known as an income drawdown fund, enables retirees to access up to 12 percent of their savings annually, with flexibility to adjust withdrawals based on their financial needs. Kenya breaking news | Kenya news today |..
✨ Key Highlights
SanlamAllianz Kenya has introduced a new income drawdown fund allowing retirees with substantial savings to access regular income while their remaining funds continue to grow.
- Retirees with at least Sh4 million in savings can now benefit from this flexible withdrawal option.
- The product is offered by SanlamAllianz Life Insurance Kenya, with Jacqueline Karasha highlighting its benefits.
- Unlike traditional annuities, this fund allows retirees to adjust withdrawal amounts annually and offers a minimum guaranteed return of 5 percent.
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