SanlamAllianz Life Insurance Kenya has introduced Flexi Future Plus, a savings and life insurance plan built to help Kenyans grow wealth with confidence while protecting the people who depend on them. The product gives customers a guaranteed payout at the end of a chosen term, paired with life cover that keeps a savings goal on track even if the unexpected happens.
A Plan Built Around Real Life Goals
Flexi Future Plus works as a goal based endowment plan. Customers choose what they are saving for, whether that is a child’s education, a home, retirement or another milestone, and select a policy term of between five and seventeen years to match it.
At maturity, customers receive their guaranteed benefit as a single lump sum or spread it across up to three annual instalments. That choice matters for anyone who wants steady income rather than one large payout, particularly retirees or parents funding several years of school fees.
Premiums can be paid monthly, quarterly, half yearly, yearly or as a single upfront contribution, so the plan can flex around a customer’s income pattern rather than forcing one rigid schedule.
Protection That Keeps the Goal Alive
Savings plans only work if they survive life’s disruptions, and Flexi Future Plus addresses that directly. If a policyholder dies, the plan waives all future premiums while continuing toward the original maturity benefit, so dependants still receive the full guaranteed amount without paying another shilling.
Customers can also add optional cover to suit their circumstances:
- Death benefit – a lump sum paid to beneficiaries if the policyholder dies.
- Critical illness benefit – a lump sum equal to fifty percent of the guaranteed maturity benefit on first diagnosis of a covered critical illness, to help fund treatment and recovery.
- Permanent and total disability benefit – a lump sum if illness or accident leaves the policyholder permanently and totally disabled.
- Waiver of premium – SanlamAllianz takes over premium payments if the policyholder is diagnosed with a critical illness or becomes permanently and totally disabled.
- Loss of income cover – premiums are paid on the customer’s behalf for six months following retrenchment, keeping the policy active during the transition.
- Family cover – protection can extend to a spouse through death, disability or critical illness cover, with an option to add last expense cover for a child.
Flexibility That Adapts as Circumstances Change
Few savings plans stay untouched for seventeen years, and Flexi Future Plus is designed with that reality in mind. Customers can increase or decrease their guaranteed maturity benefit as their financial goals shift, switch payment frequency, remove riders they no longer need, or extend their payment period through policy redating.
If money becomes tight, customers can convert the policy to paid up status, which stops premium payments while keeping a reduced guaranteed benefit active. After twelve months, customers also have the option to surrender the policy for a payout calculated against the premiums paid toward the guaranteed maturity benefit.
Other everyday changes, such as updating bank details, contact information, beneficiaries or an appointed guardian, can be made without disrupting the policy.
Added Value Built Into Every Policy
Beyond the core savings and protection benefits, Flexi Future Plus includes several extras designed to reward disciplined saving. Customers who pay quarterly, half yearly or yearly rather than monthly receive discounts of up to eight percent on their premiums. Every January brings a premium holiday, giving customers a built in break from payments without affecting their cover.
Customers can also borrow up to seventy percent of their policy’s cash surrender value when they need financial support, and those who commit to a policy term of ten years or more qualify for fifteen percent tax relief on their premiums, adding further value over the life of the plan.
Leadership Perspective
Jacqueline Karasha, Chief Executive Officer of Sanlam Allianz Life Insurance Kenya, said the launch responds to a common challenge facing many households.
“Many people have financial goals but need a simple and reliable way to achieve them,” Karasha said. She added that Flexi Future Plus gives customers room to save at their own pace while benefiting from guaranteed returns and insurance protection, whatever milestone they are working toward.
Dr Patrick Nyamemba Tumbo, Group CEO of SanlamAllianz Kenya, described the launch as part of a broader push to make financial security more accessible. He said the company continues to design solutions that combine wealth creation with protection, helping customers plan for the future while managing today’s demands.
Building Financial Security, One Goal at a Time
Flexi Future Plus arrives at a time when more Kenyans are searching for dependable ways to save toward specific goals rather than generic investment products. By combining a guaranteed maturity benefit, adjustable cover and built in savings incentives, the plan gives customers a structured path toward their next milestone, backed by protection that holds the plan together if life takes an unexpected turn.
