SanlamAllianz Life Insurance Launches Wealth Building Cover

SanlamAllianz Life Insurance Kenya has launched Flexi Future Plus, a new savings and life insurance solution to help customers build wealth. Flexi Future Plus is a goal-based endowment plan that enables customers to save towards important life milestones such as education, retirement, purchasing a home or achieving other long-term financial goals.

The product combines guaranteed maturity benefits with life insurance protection, giving customers both financial growth and peace of mind. Flexi Future Plus allows customers to choose a policy term of between five and 17 years, make regular or single premium contributions and receive their maturity benefit either as a lump sum or in up to three annual instalments. Customers can also tailor their cover with optional benefits, including critical illness, permanent disability, retrenchment or family protection, ensuring they remain financially secure through life’s changing circumstances.

Speaking during the launch, Jacqueline Karasha, Chief Executive Officer of Sanlam Allianz Life Insurance Kenya, said the new solution reflects the company’s commitment to providing practical financial solutions that help customers achieve long-term financial security.

“Many people have financial goals but need a simple and reliable way to achieve them. Flexi Future Plus gives our customers the flexibility to save at their own pace while enjoying the security of guaranteed benefits and insurance protection. Whether someone is saving for their child’s education, planning for retirement or working towards another important milestone, this solution helps them build wealth with confidence while protecting what matters most.”

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Ms Karasha said Flexi Future Plus has been developed to respond to the growing need for accessible savings solutions. As more Kenyans look for reliable ways to secure their financial future, the product provides customers with the confidence of guaranteed returns at maturity while offering the flexibility to adapt their cover as their needs evolve.

Dr. Patrick Nyamemba Tumbo, Group CEO, SanlamAllianz Kenya, said the launch demonstrates the company’s continued commitment to making financial security more accessible through innovative, customer-centred solutions. “We believe everyone deserves the opportunity to build lasting financial security. Flexi Future Plus is another example of how we are developing solutions that empower individuals and families to achieve their financial aspirations with confidence. By combining wealth creation with financial protection, we are helping our customers prepare for tomorrow while navigating today’s realities.”

Flexi Future Plus also offers customers additional value through premium payment discounts for non-monthly payment options, premium holidays, tax relief on qualifying policies, access to policy loans and the flexibility to adjust policy benefits as their financial needs change over time.