Why Imarika Investment Plan is the Best Unit-Linked Policy for You

Britam Holdings Limited, on April 4 brought to inception a unit-linked policy, which allows individuals to enjoy great returns while relishing a life insurance cover at the same time.

The policy dubbed Imarika Investment Plan is the first of its kind in the market and it aims at offering customers a chance to earn superior returns and a life insurance cover, which is ideal for goal achievements, children education, fund creation among others.

As a new product in the market, the plan has lots of benefits but why should you choose it?

For one, the plan allows you to earn competitive returns of between 8 and 12 percent per annum on any investment you make and in case of poor market performance, the product has a minimum guaranteed return of 5 percent per annum on maturity.

The plan is also highly affordable not to mention how flexible it is. With a minimum contribution of 1,000 shillings and the option to do a lump sum contribution from 50,000 shillings, it conforms to many potential customers.

Also, the Free Life Insurance and the optional partial withdrawals are a plus. You can make partial withdrawals of up to 30 percent of the Fund value after three years.

The plan has a minimum term of 5 years and a maximum of 20 years. However, the choice largely depends on you. The withdrawals can be made in partial or in full from the 37^th month at no charges.

Another reason why you should consider the Imarika Investment Plan is because it has no withholding tax. This is because it is a unit-linked policy, meaning you can save 15 percent tax on the interest. Furthermore, it also allows you to apply for tax relief if the policy is 10 years or more.

The professional management of the policy is also there to solidify your experience and give you something to smile about.

The requirements for registration includes being a Kenyan citizen with a valid identity card or a passport, or a resident with a valid resident’s certificate, must be aged between 18 and 75 years; and with a valid email address. With these requirements, you can visit buyonline.britam.com for an online purchase or dial *778# on your phone and follow the prompts.