There are a host of reasons to start an education policy for your child, from financial protection, offsetting rising cost of education, disciplined savings culture, to flexible payouts for life milestones. In this article, however, I will mainly focus on how to start an education policy for your child in Kenya. The rising cost of […]
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This article is not about either/or on Life Insurance Endowment Policy vs. Sacco Savings. It is about a balance between Life insurance Endowment Policy and Sacco Savings, where I shall go deep about why you need to have both and what each entails and means to your financial life. I have people ask me which
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The NSSF Tier II came about because of the NSSF Act 2013. One of the biggest wins of this act was the “Opt-Out” provision for Tier II allowing the private sector to “contact out”, which is our main focus today. In this article, I will take you through the act, understanding of NSSF Tier I
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Britam’s Boresha Elimu is an education policy designed to align with CBE Junior and Senior Secondary levels and IGCSE Lower Secondary level. It is an endowment plan, meaning it is a hybrid policy combining life coverage and a disciplined savings component. The plan might appeal to you as it is tailored to meet the needs
Britam’s Boresha Elimu Education Policy Review: What it is and Benefits Read More »
Compound Interest & Investment Money Market Fund Returns Calculator for Kenya. Investment Growth Calculator Real-time compound interest in Kenya Shillings Initial Investment (KSh) Starting capital Monthly Contributions / Top-ups (KSh) Added every month Annual Interest Rate (%) Expected yearly return Duration (Years) Investment period ESTIMATED FUTURE BALANCE KSh 0.00 Enter details to see your growth.
The following education insurance policy calculators, or rather the education insurance savings plan calculators, are designed for the Kenyan market for School Fees planning. These education planning calculators are of two types: Jump Instead To: A 3-bonus education savings plan calculator. 3 Bonuses Education Savings Plan Calculator Estimate planning for milestones like IGCSE, CBC Junior,
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Choose a Single Lumpsum ife Insurance Policy Calculator or Money Back Life Insurance Calculator for Kenyans. Life insurance Policy Calculator/Endowment Policy Calculator Life Insurance Savings Calculator Calculate your guaranteed returns and extra bonuses. 💡 Savings Tip: The longer you save, the higher your reward! By choosing 10 years or more, you maximize your returns significantly.
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Britam dominates the life insurance market, and for that reason, I want to take you through its education policies, which are part of life insurance, and find out why they are so popular and widely adopted. Britam also dominates in pensions and investment products, which puts more weight on this review. Britam has quite a
Britam Education Policies Review: Benefits, Costs & Is It Worth It in Kenya? Read More »
Income drawdown is one of the two retirement income products in Kenya. The other one is an annuity. Income drawdown is an alternative to the traditional annuity. It is a variable annuity that allows a retiree to receive an income regularly from their retirement savings, while keeping the balance invested in a guaranteed fund. This
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A pension annuity is one of the retirement income products. The other one is the income drawdown. An annuity is offered by insurance companies to retiring members of a pension scheme. It is designed to bring a regular income for life in exchange for a lump sum retirement savings. Why insurance companies? Because it works
Pension Annuity in Kenya: Pension Annuity Explained Read More »