{"id":5111,"date":"2026-02-24T14:06:40","date_gmt":"2026-02-24T14:06:40","guid":{"rendered":"https:\/\/thenewsroomhub.co.ke\/?p=5111"},"modified":"2026-02-24T14:10:22","modified_gmt":"2026-02-24T14:10:22","slug":"sanlamallianz-unveils-income-drawdown-plan-to-transform-retirement-income-management","status":"publish","type":"post","link":"https:\/\/thenewsroomhub.co.ke\/index.php\/2026\/02\/24\/sanlamallianz-unveils-income-drawdown-plan-to-transform-retirement-income-management\/","title":{"rendered":"SanlamAllianz Unveils Income Drawdown Plan to Transform Retirement Income Management"},"content":{"rendered":"
SanlamAllianz Kenya has launched<\/span><\/span> a strategic effort to transform<\/span><\/span> the country’s<\/span> retirement system, framing<\/span> its Income Drawdown (IDD) fund as the natural progression<\/span><\/span> in retirement income solutions<\/span><\/span>.<\/div>\n
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With<\/span> a strong<\/span> capital adequacy ratio of 283%, the insurer promotes<\/span><\/span> flexibility and capital expansion<\/span><\/span> for retirees in Kenya<\/span>.<\/div>\n
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SanlamAllianz\u2019s IDD fund originates<\/span><\/span> from the company\u2019s history<\/span> as the first<\/span> provider of annuities in Kenya<\/span>.<\/div>\n
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It acts<\/span> as a modern, flexible alternative to traditional<\/span> annuities for retirees seeking independence<\/span><\/span> and lasting support<\/span>. Traditional<\/span> retirement plans mainly focused on building<\/span> savings over an individual’s<\/span> career; however,<\/span> SanlamAllianz is redirecting focus<\/span> to the spending phase<\/span> by launching<\/span> the IDD fund, all<\/span><\/span> while managing<\/span> a monthly pension annuity payout<\/span><\/span> averaging KSh 150 million<\/span>.<\/div>\n
\"SanlamAllianz<\/div>\n
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“Retirement does not mean a lack<\/span> of dependable<\/span> income,” said<\/span> Jacqueline Karasha, CEO of SanlamAllianz Life Insurance<\/span>. “With<\/span> the SanlamAllianz Income Drawdown Fund, your savings continue<\/span><\/span> to grow while<\/span> you obtain regular<\/span> income, available<\/span> monthly, quarterly, or yearly.”<\/span><\/span> It is flexible, dependable,<\/span> and designed<\/span> to make<\/span> your retirement years truly<\/span><\/span> enjoyable.<\/div>\n
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The IDD fund operates like<\/span><\/span> a retirement savings account that effectively oversees<\/span><\/span> its investments. It allows<\/span> retirees to secure regular<\/span> payments while the remaining sum increases<\/span><\/span> through market investments<\/span>.<\/div>\n
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She noted<\/span> that the fund aids<\/span><\/span> retirees from various<\/span> sectors, highlighting<\/span> that in 2024, it posted<\/span><\/span> a net return of 15%, with assets overseen<\/span><\/span> in the SanlamAllianz Deposit Administration Fund, guaranteeing reliable<\/span><\/span> competitive growth.<\/div>\n
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She also mentioned<\/span> that the fund ensures<\/span><\/span> a minimum return of 5%, maintaining<\/span><\/span> the investment above the principal sum,<\/span><\/span> which provides comfort<\/span> in changing<\/span> markets.<\/div>\n
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\u201c<\/strong>Members can choose payment frequencies (monthly, quarterly, or annually) and revise terms each year, up to a maximum of 12% of the fund balance per annum, per RBA guidelines,\u201d she said adding that under the Tax Laws Amendment Act 2024, monthly payouts and benefits from the IDD fund are exempt from income tax, maximising the cash available to retirees.<\/div>\n
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Beyond high-tier investment products, SanlamAllianz is addressing the 80% of Kenyans in the informal sector.<\/p>\n

Through Akiba Plus<\/strong>, a mobile-first digital platform, the insurer has simplified the retirement journey. The platform allows users to self-onboard, consolidate old pensions, and track growth in real-time, ensuring professional pension management is accessible to every Kenyan.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

SanlamAllianz Kenya has launched a strategic effort to transform the country’s retirement system, framing its Income Drawdown (IDD) fund as…<\/p>\n","protected":false},"author":2,"featured_media":5112,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[453],"class_list":["post-5111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-sanlamallianz-unveils-income-drawdown-plan-to-transform-retirement-income-management"],"jetpack_featured_media_url":"https:\/\/thenewsroomhub.co.ke\/wp-content\/uploads\/2026\/02\/Screenshot-2026-02-24-152616.jpg","_links":{"self":[{"href":"https:\/\/thenewsroomhub.co.ke\/index.php\/wp-json\/wp\/v2\/posts\/5111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenewsroomhub.co.ke\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenewsroomhub.co.ke\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenewsroomhub.co.ke\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thenewsroomhub.co.ke\/index.php\/wp-json\/wp\/v2\/comments?post=5111"}],"version-history":[{"count":2,"href":"https:\/\/thenewsroomhub.co.ke\/index.php\/wp-json\/wp\/v2\/posts\/5111\/revisions"}],"predecessor-version":[{"id":5114,"href":"https:\/\/thenewsroomhub.co.ke\/index.php\/wp-json\/wp\/v2\/posts\/5111\/revisions\/5114"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenewsroomhub.co.ke\/index.php\/wp-json\/wp\/v2\/media\/5112"}],"wp:attachment":[{"href":"https:\/\/thenewsroomhub.co.ke\/index.php\/wp-json\/wp\/v2\/media?parent=5111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenewsroomhub.co.ke\/index.php\/wp-json\/wp\/v2\/categories?post=5111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenewsroomhub.co.ke\/index.php\/wp-json\/wp\/v2\/tags?post=5111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}