An individual retirement plan is a scheme that allows an individual to build retirement income by making regular contributions during one’s working life. Your retirement savings grow steadily over time while earning interest. On attaining your preferred/selected retirement age, you get paid your accumulated retirement benefits in accordance with the terms of your policy. When […]
Individual Retirement Plan in Kenya Read More »
At retirement, what are your pension options? This is a question you should ask yourself early enough before your retirement date. There are 3 ways to go about it, depending on the retirement planning product you have, either a pension or a provident fund, and you need to understand each well, since they determine how
Pension Options At Retirement in Kenya: Annuities & Income Drawdown Explained Read More »
What does medical insurance cover in Kenya? This is a question that many people ask me all the time. It is time we put it to rest. I will list diseases and conditions that medical insurance covers in Kenya, especially the private health insurance. I will also list the things that private medical insurance does
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My dear leader, let’s start this conversation by asking ourselves a simple question. Is education insurance worth it in Kenya? A simple answer is yes. An education policy is worth it. The Long answer is still a yes, but needs an explanation. You need to hear out both sides, the benefits and disadvantages of education
Benefits and Disadvantages of Education Insurance Policies in Kenya. Read More »
In one of my previous articles, I discussed medical insurance cover. In this one, allow me to just focus on the various types of medical insurance available in Kenya. Medical insurance in Kenya is usually provided through private, public, employer-based and specialised schemes. I work for and with Britam, and therefore, I will talk more
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Education policy or Money Market Fund (MMF) for my child’s education? This is a question that I get all the time. Well, today we put this matter to rest by comparing the two funds for planning your child’s future education costs. Education tuition costs in Kenya, especially in private schools and now in public schools,
If you get hospitalised now or any of your family members and get a hospital bill of KES 2,000,000, what will you do? Can you foot it with your income or savings? This is where a medical insurance cover comes in handy. I am not trying to create fear in you. I am just trying
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As I walk around talking to people about education Insurance policy, or rather education policy, you realise only a small portion of us know exactly what it is. And for those who know about it, the information they have is scanty and misleading. Today, I walk you through education policy from a financial advisor in
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