Sanlam Kenya Plc has launched Sanlam Akiba Plus, a mobile-first pension solution designed to help Kenyans save consistently, invest wisely, and retire with dignity.
Delivered entirely through Sanlam’s digital platform, Akiba Plus offers individuals, SMEs, and employers a flexible and secure way to build retirement savings.
“Our goal with Akiba Plus is to close the pension gap in Kenya by offering a simple, credible and future-ready solution that works for everyone,” said Jacqueline Karasha, CEO of Sanlam Life. “This is about helping Kenyans save consistently and retire with dignity.”
Why Akiba Plus Matters for Your Financial Future
According to the Insurance Regulatory Authority (IRA), life insurance premiums grew by 17.7% in Q2 2025—reaching KES 110.39 billion—driven by digital transformation and regulatory reforms.
Sanlam Akiba Plus taps into this momentum with a suite of pension products tailored for modern savers:
1. Akiba Plus Personal Pension Plan (IPP)
- Ideal for freelancers, gig workers, and self-employed individuals
- Flexible contributions with tax relief benefits
- Real-time tracking of savings and investment growth
2. Akiba Plus Post-Retirement Medical Fund (PRMF)
- Dedicated savings for healthcare costs after retirement
- Tax-efficient structure to ease future medical expenses
- Peace of mind for you and your family
3. Akiba Plus Employer Umbrella Plan (UPP)
- Designed for SMEs and corporates
- Seamless payroll integration and automated compliance
- Boosts employee retention with long-term financial benefits
4. NSSF Tier II Compliant Pension Plan
- Fully compliant with the NSSF Act
- Offers higher returns and digital convenience
- Empowers employees to manage their retirement savings online
Built-In Security and Guaranteed Returns
All contributions to Akiba Plus are protected against capital depreciation and earn a guaranteed minimum return of 5%. Funds are managed under strict regulatory oversight, including the Retirement Benefits Act, Investment Policy Statement (IPS), and Trust Deed and Rules.
“With Sanlam Akiba Plus, our clients can take charge of their savings, increase their wealth, and grow their retirement funds,” said Dr Patrick Tumbo EBS, Group CEO, Sanlam Kenya.
Financial Inclusion Meets Digital Innovation
Sanlam Life is investing heavily in InsurTech to make pensions more accessible. Whether you are an individual saver or a business owner, Akiba Plus offers a credible, mobile-first solution to help you plan for tomorrow.
