SanlamAllianz Launches Income Drawdown Fund Providing Retirees with Flexible Income Options
SanlamAllianz Kenya has launched an Income Drawdown Fund aimed at providing flexible retirement income while keeping savings invested, backed by a 283% capital adequacy ratio...
✨ Key Highlights
SanlamAllianz Life Insurance Kenya has launched a new Income Drawdown (IDD) Fund to provide Kenyan retirees with flexible income options and continued investment growth for their savings.
- The fund aims to address concerns that many retirees exhaust lump-sum pension withdrawals within three years.
- Key features include flexible monthly, quarterly, or annual withdrawals (capped at 12% annually), a guaranteed minimum return of 5%, and market-linked growth with a 15% net return in 2024.
- Jacqueline Karasha, CEO of SanlamAllianz Life Insurance, highlighted that the fund allows savings to continue growing while retirees receive regular income.
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Kenyan Fintech: Banking, Insurance, Lending - February 2026
Grey launched expanded business banking services including USD accounts, bulk payments, and USDC stablecoin support to streamline international transactions for African businesses. SanlamAllianz Life Insurance Kenya introduced a new Income Drawdown Fund to provide Kenyan retirees with flexible income options and continued investment growth for their savings. Mogo Kenya secured Sh2.3 billion from local debt financing and an innovative bond program to expand asset financing for boda boda operators and SMEs across Kenya.
