Retirement & Pension
Build a retirement income you can rely on.
Retirement and pension solutions help individuals and employers set money aside over time and turn it into income later, under the applicable retirement-benefits rules.
Key things to know
- Options for individuals, self-employed people and employers
- Both the saving phase and the post-retirement income phase are covered
- Scheme rules and retirement-benefits regulations apply
Options available
Individual Pension Plan
A personal retirement savings arrangement to build retirement benefits over time, including for self-employed individuals and employees.
Employer / Umbrella Pension Schemes
Retirement benefit arrangements for employers and groups of employees.
Provident Funds
Retirement savings arrangements that provide benefits according to scheme rules and applicable regulations.
Income Drawdown
A post-retirement option that allows eligible members to draw income from accumulated retirement savings under the applicable rules.
Annuity
Can convert eligible retirement savings into a regular income for life or a selected guaranteed period, depending on the option.
NSSF Tier II
Employers may explore transferring eligible Tier II contributions to an approved retirement benefits arrangement, subject to regulatory requirements.
Who it's for
- Employees and the self-employed
- Employers setting up a scheme
- People approaching retirement
What you'll need
- ID and KRA PIN
- Date of birth
- Employer details, for employer schemes
Important conditions
This page gives general information only. The actual benefits, limits, waiting periods, exclusions and premiums for retirement & pension are set by Britam and appear in the policy wording and your quotation. I will walk you through them before you decide. Cover is not in force until Britam accepts your application, confirms the premium and issues your policy.