Pension Insurance Plans
Secure Your Retirement Journey
About to retire? Don't worry, let us help you figure it out as you transition to the next important part of your life.
As a new retiree there are 1001 concerns in your mind.
How do I keep away from outliving my money? What if I still have debt? How do I manage health care costs? etc.
It is completely okay to get worried! But, we can help. Let us help you transition into retirement like a boss.
Retirement has the potential to be a relaxing and fulfilling stage of life. But as with any major change in life, we know, retirement presents a new set of challenges that may cause anxiety.
Just let us show you how to walk through this phase with ease.
Would it be helpful to look over someone's shoulder while they talked you through how you can transition into retirement?
By laying some financial groundwork now, you can ensure a smooth transition to retirement by addressing the biggest financial concerns in retirement.
Just let us show you how!
How We Power Your Purchase Journey
Our proven process to guide you through retirement planning
Need Analysis Discovery
We identify your most valuable insurance needs.
Offer Creative Solutions
Quickly get the most practical solutions for your risks.
Keep You Informed & In Control
With BH you stay informed and have control in your hands to make the right move as you continuously receive your payouts.
Types of Pension Plans
There are two types of pension plans whose difference is simply in how a pensioner can access their retirement benefits. At this point, you probably have one of these two, since the choice is made at the commencement of contribution.
Pension Plan
A pension fund by design allows you to access a maximum of one-third of your accumulated benefits as a single lump-sum. The other two-thirds automatically purchase the pensioner a pension annuity. Pension annuity pays a guaranteed regular income for life.
Provident Fund
It pays the accumulated benefits as a one-off single lump-sum payment. Up to which Kshs. 600,000 is tax-free.
Important Note
In the unfortunate event of death for both pension and provident, the accrued amount is payable in lump-sum to the nominated beneficiary. Whether pension plan or provident, we will guide you based on your retirement goals and personal preferences.
Retirement Income Products
At retirement, there are two common retirement income products that you can purchase with your retirement lump sum payments:
Annuity
The accumulated fund at retirement can be used to purchase an annuity. Annuity or pension is the after-retirement income you receive and is a series of periodic payments payable mostly monthly throughout your life.
Key Benefits:
Income Drawdown
Income drawdown is an alternative to annuity, it works as an investment product mostly with a minimum term of 10 years with flexible options that provide a regular retirement income from the reinvested funds.
Key Benefits:
Good News!
As a retiree, you can buy these products from any insurance company, not necessarily your registered pension scheme. Let us guide you into the best available options!
Why Plan with Us?
Here's what we will do for you
Freedom to choose any insurance company for retirement products
Expert guidance through every step of the process
Dedicated insurance advisor assignment
Simple, clear application process
Ongoing customer support after policy purchase
No jargon, just simple money advice - all for free
Here is What We Will Do
Bima Hakika walks with you through every step! As soon as you make an enquiry, you will be assigned your own dedicated insurance advisor who will discuss all the available options with you.
Should you wish to apply, we will guide you through the whole application process, in a simple, clear, and easy to understand manner.
And wait, we do not stop there: we provide you with customer support after you have bought the policy because we believe in creating lasting relationships.
Got a Pension Question?
Do not hesitate to ask. No Jargon Just Simple easy money advice. All for Free!
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Let's Talk About Retirement Planning!
Ready to secure your retirement? Get expert guidance and personalized pension solutions.
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