Britam Holdings Limited has introduced a unit-linked policy, the first of its kind in the market, that allows you to earn great returns while you enjoy a life insurance cover at the same time.
The policy, which is called Imarika Investment Plan, is a customer-centric product that eliminates the lengthy and structured nature of conventional insurance products by offering a flexible life policy where you can make monthly contributions of as little as Sh1,000 over a minimum period of five years. What’s more, your investment guarantees you a free life insurance cover of Sh50,000!
Investing in the Imarika Investment Plan
Imarika is ideal because it not only allows you to reduce your contribution but also enables you to increase your investment as you see fit. Additionally, as your contribution increases, you can make partial withdrawals of up to 30 percent after three years. When the selected period expires, “the policy pays the maturity value to the policyholder.”
The Imarika Investment Plan is suitable for anyone who wants to amass money within the medium-term to the long-term. Furthermore, Imarika is a low-income friendly investment product that is flexible and is easy to understand and use.
The plan is available from 5 to 20 years and is not subjected to withholding tax. That is to say that you will save 15 percent tax on the interest. You can also apply for tax relief if your policy is 10 years or more.
Improved Accessibility
Britam has also introduced an innovative way of improving customer service through its client portal. The portal allows customers to purchase a wide range of products such as life insurance, asset management, and pension. The client portal also offers access to customer support services. On the other hand, you can access Britam’s products and services by dialing *778#.
