Thanks good people for this healthy discussion. Let me put my 2 cents in it.

Roughly two months ago,i requested for a quotation from UAP Insurance for a personal pension plan.

1. Their minimum contribution is Kshs 3,500/= per month.

2. One realises the benefits upon retirement i.e at 55 years.

3. The contribution has a 5% premium increase clause on an annual basis.

4. The maturity value is compunded at 12%

5. It has an accidental death cover.

6. Lets for instance say,you that your age will be 25 years next birthday and you contribute Kshs 3,500/= per month,then after 30 years you will be eligible to get Kshs 8,555,971/=

This may look enticing (relative) but the catch is here.

If you FAIL to contribute for even one month,you lose out all your CONTRIBUTIONS.

That is the information that was ceded to me upon extensive nagging.

Your take on this will aslo be highly regarded.


Opportunity favours the prepared mind...........

I will advice you to take the britak ppp coz minimum cont is 2k and the guaranteed returns with minimum of 5% also can withdraw anytime u wish only that if its b4 age 50 you will not get the tax benefits on withdrawal which is a kra issue

Dignityis everything keep it intact

Any queries,may be answered through firstliberty.kenya@gmail.com with whom I handle insurance business.

1. Free advice I dont mix serious business with gmail addresses
get a corporate address with the gmail on as back up.

2. Kwani there are no other insurance persons in wazua? Apart from personal pension plans, there are several other insurance matters we would like to discuss e.g

a. Who offers the best motor vehicle insurance? I need to save mony on my current premiums?

b. What about education policies are they worthy it ? What has been wazuans expeience on this?

C. Why are kenyans generally averse to insurance? My colleagues see agents come round they get busy or beat corner

d. Took my tax exemptions certs from Britak and Jubilee to the accounts guys to effect PAYE exemptions and the guys were like what please give us your contacts with your insurers

e. Wapi old mutual na CFC . Pan africa etc na wengine wajitete? Admin send them an e-mail wajitetee especially on the business of unit trusts and personal life

lets share and wazua

how about old mutual and their Max investment plans. how good is it.