Sanlam Kenya has launched Sanlam Akiba Plus. This is a mobile-first pension platform that lets individuals and employers sign up online, make contributions, and track savings from their phones.
Akiba Plus makes retirement saving simpler and more accessible. It has a self-service onboarding for individuals and easy setup for employers, including SMEs. The launch comes as the Insurance Regulatory Authority [IRA] reported strong growth in life insurance in Q2 2025 KES 110.39 billion in gross written premiums, up 17.7% year-on-year.
“Akiba Plus is a straightforward way to help more Kenyans save consistently and retire with dignity.” Said Jacqueline Karasha, CEO, Sanlam Life.
Products available on Akiba Plus
- Personal Pension Plan [IPP]: Flexible, tax-efficient contributions with real-time tracking.
- Post-Retirement Medical Fund [PRMF]: A dedicated, tax-efficient fund for healthcare costs after retirement.
- Employer Umbrella Plan [UPP]: A pooled workplace pension with administrative and compliance support.
- NSSF Tier II–Compliant Plan: An approved option for employers to channel Tier II contributions through Akiba Plus.
Returns and Governance
Contributions are capital-protected with a 5% minimum return, managed under the Trust Deed & Rules, IPS, and the Retirement Benefits Act.
