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.