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Originally published by Tech Arena
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tech
September 25, 2026
1h ago

Old Mutual Kenya Revamps Life and Savings Solutions for Long-Term Financial Goals

Old Mutual Kenya Revamps Life and Savings Solutions for Long-Term Financial Goals

Old Mutual Kenya has revamped its life and savings solutions to support long-term savings, education planning and financial security for households...

✨ Key Highlights

Old Mutual Life Assurance Kenya (OMLAK) has revamped its life and savings solutions to better support long-term financial goals for Kenyan households.

  • Despite 84.8% formal financial access in Kenya, 40% of working Kenyans dip into savings for daily expenses, highlighting a need for structured solutions.
  • Key organizations involved include Old Mutual Life Assurance Kenya, the Central Bank of Kenya, the Kenya National Bureau of Statistics (KNBS), and FSD Kenya.
  • The enhancements focus on longer investment horizons (up to 20 years), improved charges, and adjusted benefits for education planning, aligning with customer goals rather than just product offerings.

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