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PRUPension
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class="navbar-brand" href="/" title=""><img src="/assets/images/Pru_FELFEF_Prulogo_Landscape lockup_Red Grey_cmyk.jpg" alt="Prudential LIfe Assurance Kenya"></a><div class="header__right d-flex align-items-center"><a class="btn-icon header__search-bar" href="/search/"><div class="icon icon-search"></div></a><a class="btn-icon header__contact" href="/contact-us/" title="Contact" data-header-popup="contact"><div class="icon icon-contact-chat"></div></a><a href="/locations/" title="Find us" class="btn-icon header__prueshop fst-italic align-middle d-flex align-items-center"><div class="icon icon-language d-inline-block mx-1"></div><span class="d-none d-lg-block">Find us</span></a></div></div></nav></div><div class="container-fluid g-0" id="navContainer"><nav class="navbar navbar-expand-lg navbar-dark py-0 py-lg-3"><div class="container rounded"><button class="navbar-toggler bg-white" type="button" data-bs-toggle="collapse" data-bs-target="#navbarSupportedContent" 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class="title"><a href="/cha-ching/">Cha-Ching <span class="icon icon-arrow-right"></span></a></h6></div><!-- col-megamenu.// --></div><!-- end col-3 --><div class="col-lg-3 col-6"><div class="col-megamenu"><h6 class="title"><a href="/safe-steps/">Safe Steps <span class="icon icon-arrow-right"></span></a></h6></div><!-- col-megamenu.// --></div><!-- end col-3 --><div class="col-lg-4 col-6"><div class="col-megamenu"><h6 class="title"><a href="/prudential-actuarial-support-scheme/">Prudential Actuarial Support Scheme <span class="icon icon-arrow-right"></span></a></h6></div><!-- col-megamenu.// --></div><!-- end col-3 --></div><!-- end row --></div></div><!-- dropdown-mega-menu.// --></li><li class="nav-item dropdown has-megamenu text-start text-lg-center"><a class="nav-link dropdown-toggle" data-bs-toggle="dropdown" href="#">Work with Us</a><div class="dropdown-menu megamenu shadow-sm" role="menu"><div class="container"><div class="row g-3"><div class="col-lg-3 col-6"><div 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Service</span></a></li></ul></div></div></nav></div><div class="utility-panel search-bar pt-lg-5 pb-4 pt-4 align-items-center"><div class="container"><div class="row align-items-center"><div class="col-sm-12 col-lg-4 fw-bold fs-5 text-center text-lg-start">What can we help you find?</div><div class="col-sm-12 col-md-7"><form action="#" method="POST" id="form-search"><div class="input-group"><span class="input-group-text bg-white border-2 border-end-0"><span class="icon icon-search"></span> </span><input type="text" class="form-control form-control-lg border-2 border-start-0" placeholder="Type your search term and press enter" aria-label="Type your search term and press enter" aria-describedby="button-addon2" required></div></form></div><div class="col-sm-12 col-md-1"><a class="utility-panel--btn-close mx-auto" href="#" title="close"><span class="icon icon-close"></span></a></div></div></div></div><div class="utility-panel contact-bar pt-lg-5 pb-4 pt-4 align-items-center"><div class="container"><div class="row align-items-center"><div class="col-sm-12 col-lg-4 fw-bold fs-5 text-center text-lg-start">What can we help you with?</div><div class="col-sm-12 col-lg-3"><a href="tel:+254719075000" class="btn btn-outline-secondary rounded-pill py-3 px-4 border-2 w-100 mb-4 mb-lg-0"><i class="bi bi-telephone-fill" style="margin-right: .5rem;"></i> <b>+254 719 075 000</b></a></div><div class="col-sm-12 col-lg-3"><a href="/contact-us/" class="btn btn-outline-secondary rounded-pill py-3 px-4 border-2 w-100 mb-4 mb-lg-0"><i class="bi bi-chat-left-text-fill" style="margin-right: .5rem;"></i> <b>Send us an enquiry</b></a></div><div class="col-sm-12 col-md-1 offset-md-1"><a class="utility-panel--btn-close mx-auto" href="#" title="close"><span class="icon icon-close"></span></a></div></div></div></div></header><div class="flyout-overlay"></div><main class="single-product"><section><div class="container"><div class="row"><div class="col-sm-12 col-md-5 my-5 py-5"><h1 class="mb-4 fw-bold">PRUPension</h1><p class="lead fw-normal">The ideal way to maintain your lifestyle in retirement</p></div><div class="col-sm-12 col-md-7 mb-4 g-0"><img src="/assets/images/PRUPension-Header.jpg" width="100%" class="banner-img"></div></div></div></section><section class="py-k5 pt-4"><div class="py-5"><div class="position-relative"><div class="container"><div class="row"><div class="col-sm-12 col-md-6"><img src="https://source.unsplash.com/sFydXGrt5OA/559x782" alt="" width="100%" class="rounded"></div><div class="col-sm-12 col-md-6 mb-3"><h1 class="mb-3 d-block"><span class="fw-bold text-secondary">Product</span> <span class="fw-light">Features</span></h1><p>Invest for your retirement in a safe and secure growing fund - <b>The Prudential Life Assurance Kenya Guaranteed Fund</b></p><p>The retirement benefits funds and contributions received are invested in the Prudential Life Assurance Kenya guaranteed fund which provides:</p><h5><b>Features</b></h5><ul class="card-body ps-0 pe-5 list-desc-two"><li><span>A guaranteed amount of annual income to investors in form of a guaranteed minimum rate of return/interest.</span></li><li><span>Should market trend downward, your income remains unaffected. When the market performance is good, the value of your investment also increases and so you continue to enjoy this increased level of income due to compounding of interest.</span></li><li><span>You will be able to easily access your accumulated benefits upon retirement, since the fund is easy to liquidate.</span></li></ul><h5 class="pt-2"><b>Benefits of a Guarantee Fund Investment</b></h5><ol class="card-body ps-0 pe-5 list-desc-two"><li><span>Minimum guaranteed rate of annual return.</span></li><li><span>Prudential bears all the investments risks on your behalf.</span></li><li><span>Prudential is responsible for investment of the funds.</span></li><li><span>The guaranteed fund ensures that the capital value of your funds and contributions is guaranteed, and that there is a consistent smooth growth of your investment over time.</span></li><li><span>It is a cost effective solution due to achieved economies of scale.</span></li></ol></div><div class="col-12"><h5 class="pt-2"><b>Prudential Life Assurance Kenya Guaranteed Fund Returns</b></h5><div class="table-responsive"><table class="table table-bordered"><thead class="bg-light"><tr><th>Financial Year</th><th>2019</th><th>2020</th><th>2021</th><th>2022</th></tr></thead><tbody><tr><td>Annual rate of return</td><td>8.00%(6 months)</td><td>12.00%</td><td>12.00%</td><td>10.00%</td></tr></tbody></table></div></div></div></div></div></div></section><section class="py-k5 pt-4 overflow-hidden"><div class="py-5"><div class="position-relative"><div class="bg-grey left"></div><div class="container"><div class="row"><div class="col-sm-12 col-md-6 mb-3 offset-md-6"><h1 class="mb-3 d-block"><span class="fw-bold text-secondary">Product</span> <span class="fw-light">Benefits</span></h1></div></div><div class="row"><div class="col-12 col-md-3"><div class="card border-0 rounded-30 text-center shadow-sm"><img src="https://source.unsplash.com/Z2ImfOCafFk/276x201" class="card-img-top" alt="All in One customized product"><div class="card-body py-3 px-4"><h5 class="card-title text-secondary text-capitalize fs-5">All in One customized product</h5><p class="card-text fw-light">Tax relief and exemptions on contributions and investment income</p></div></div></div><div class="col-12 col-md-3"><div class="card border-0 rounded-30 text-center shadow-sm"><img src="https://source.unsplash.com/unRkg2jH1j0/276x201" class="card-img-top" alt="Guaranteed cash pay-outs"><div class="card-body py-3 px-4"><h5 class="card-title text-secondary text-capitalize fs-5">Guaranteed cash pay-outs</h5><p class="card-text fw-light">Receive a guaranteed investment return of 5%</p></div></div></div><div class="col-12 col-md-3"><div class="card border-0 rounded-30 text-center shadow-sm"><img src="https://source.unsplash.com/rgJ1J8SDEAY/276x201" class="card-img-top" alt="Access to a mortgage facility"><div class="card-body py-3 px-4"><h5 class="card-title text-secondary text-capitalize fs-5">Access to a mortgage facility</h5><p class="card-text fw-light">Provision for home purchase using your retirement savings</p></div></div></div><div class="col-12 col-md-3"><div class="card border-0 rounded-30 text-center shadow-sm"><img src="https://source.unsplash.com/NZFJYpkwIXc/276x201" class="card-img-top" alt="Retire in style"><div class="card-body py-3 px-4"><h5 class="card-title text-secondary text-capitalize fs-5">Retire in style</h5><p class="card-text fw-light">Secure finances to maintain your lifestyle in retirement</p></div></div></div></div></div></div></div></section><section class="py-5"><div class="container position-relative"><div class="bg-grey" style="height: 65%;"></div><div class="container"><div class="row"><div class="col-sm-12 col-md-6 mb-3"><h1 class="mb-3 d-block"><span class="fw-bold">Learn</span> <span class="fw-light">more</span></h1></div></div><ul class="list-group" id="learn-more"><li class="list-group-item" aria-current="true"><div class="d-flex justify-content-between align-items-center" data-bs-toggle="collapse" href="#schemeCatgories"><div><h5>Scheme Categories</h5></div><span class="icon-expand"></span></div><div class="collapse" id="schemeCatgories"><div class="pt-4 d-block"><h6 class="card-title text-danger fw-bold text-capitalize fs-5"><span class="icon icon-arrow-right"></span> Standalone occupational scheme</h6></div><p class="pt-2 pb-2 d-block">Set up by a sponsor/organization for the benefit of its employees. This is exclusive to the staff members of the organization and it is registered with the Retirement Benefits Authority as a separate single entity.</p><hr><div class="pt-1 d-block"><h6 class="card-title text-danger fw-bold text-capitalize fs-5"><span class="icon icon-arrow-right"></span> PLAK Umbrella Retirement Benefits scheme</h6></div><p class="pt-2 d-block">Admits employers and lets them choose the level and type of benefits the employees shall enjoy as set out in the deed of adherence</p><ul class="card-body ps-0 pe-5 list-desc-two"><li><span>The main purpose of the scheme is to provide retirement benefits to members on retirement and relief to the dependents of the members in the unfortunate event of their demise.</span></li><li><span>The scheme also provides relief to members in the event of job loss.</span></li><li><span>Other benefits available from the scheme include ill health retirement benefits as well as benefits on grounds of emigration from Kenya without the intention of residing back in the country.</span></li><li><span>The scheme assets are invested in a guaranteed fund.</span></li><li><span>Each participating organization gets to select their preferred rate of contribution</span></li></ul><b class="pt-2 pb-2 d-block text-underline">Benefits of Joining the PLAK Umbrella Retirement Benefits Scheme</b><ul class="card-body ps-0 pe-5 list-desc-two"><li><span>It saves the Employer from the hassles of administering a retirement benefits scheme.</span></li><li><span>It enables the organization to concentrate on its core business.</span></li><li><span>The schemes under management enjoy reduced COSTS due to economies of scale</span></li><li><span>The Scheme is Tax exempted. This ensures that the members of the participating organization get to enjoy the tax incentives offered under the Income Tax Act.</span></li><li><span>Scheme is registered and regulated by the Retirement Benefit Authority.</span></li><li><span>Helps the employer in retention of motivated workforce arising from an attractive retirement package.</span></li></ul><b class="pt-2 pb-2 d-block text-underline">Other Features</b><ul class="card-body ps-0 pe-5 list-desc-two"><li><span>It is simple and secure. Each member is allocated an account and a unique member number, to which contributions are credited.</span></li><li><span>Savings plan that earns attractive annual interest.</span></li><li><span>Transfers from other registered Pension Plans into this plan are allowed.</span></li><li><span>Members get an annual statement of their benefits which they could also access via the Prudential members portal on real time basis.</span></li><li><span>The scheme is NSSF Act, 2013 compliant and will facilitate the opting out process for the organization.</span></li></ul><hr><div class="pt-1 d-block"><h6 class="card-title text-danger fw-bold text-capitalize fs-5"><span class="icon icon-arrow-right"></span> PLAK Individual and group personal retirement benefits plan</h6></div><p class="pt-2 d-block">An employer may sensitize its members to join a Personal Pension plan with the option of the employer also contributing towards the member’s retirement benefits.</p><p class="d-block">Similarly, one can establish a personal retirement arrangement that they run at an individual capacity – IPP.</p><b class="pt-2 pb-2 d-block text-underline">How to join this Scheme</b><ul class="card-body ps-0 pe-5 list-desc-two"><li><span>Complete a membership application form and provide a copy of your national identity card and PIN.</span></li><li><span>You can transfer your retirement benefits from your previous scheme to this Scheme.</span></li><li><span>One will be issued with a policy document after paying your first contribution to the Scheme.</span></li><li><span>One may contribute to the scheme on a monthly, quarterly, half yearly or yearly.</span></li></ul><b class="pt-2 pb-2 d-block text-underline">Benefits of Joining a Personal Pension Scheme</b><ul class="card-body ps-0 pe-5 list-desc-two"><li><span>No set up fee</span></li><li><span>No requirement for appointment of trustees and service providers</span></li><li><span>No administrative involvement for employers</span></li><li><span>Enjoy tax incentives since the scheme is registered with KRA</span></li><li><span>Members can start contributing immediately</span></li><li><span>The Scheme will be credited with investment income on a compound basis.</span></li><li><span>A member can vary contribution levels as per financial circumstances</span></li><li><span>Good for benefits consolidation from past employer schemes</span></li></ul><b class="pt-2 pb-2 d-block text-underline">Other features</b><ul class="card-body ps-0 pe-5 list-desc-two"><li><span>Members get an annual statement of their benefits which they could also access via the Prudential members portal on real time basis.</span></li><li><span>The scheme is NSSF Act, 2013 compliant and will facilitate the opting out process for the organization.</span></li></ul></div></li><li class="list-group-item" aria-current="true"><div class="d-flex justify-content-between align-items-center" data-bs-toggle="collapse" href="#joinScheme"><div><h5>Join Scheme</h5></div><span class="icon-expand"></span></div><div class="collapse" id="joinScheme"><p class="pt-4 d-block">To join the Retirement Benefits Scheme, you will be required to complete a Member Joining Form and provide the details required in the form.</p></div></li><li class="list-group-item" aria-current="true"><div class="d-flex justify-content-between align-items-center" data-bs-toggle="collapse" href="#makeContributions"><div><h5>Make Contributions</h5></div><span class="icon-expand"></span></div><div class="collapse pt-4" id="makeContributions"><p class="pt-1 d-block">You can make your contributions through the following channels:</p><div class="row border-bottom g-0 py-4 border-2"><div class="col-12 col-sm-2"><b>MPESA</b></div><div class="col-12 col-sm-9"><p>Paybill No 4090751</p><p>Account No is your National ID No./ PassPort No. or Your Member No.</p></div></div><div class="row border-bottom g-0 py-4 border-2"><div class="col-12 col-sm-2"><b>Bank Transfers</b></div><div class="col-12 col-sm-9"><p>Account Name - Prudential Life Assurance Kenya Ltd Deposit Administration</p><p>Bank Name - Stanbic Bank Bank</p><p>Branch - Chiromo</p><p>Name - Prudential Life Assurance Kenya Ltd A/c no :0100006269847</p></div></div></div></li><li class="list-group-item" aria-current="true"><div class="d-flex justify-content-between align-items-center" data-bs-toggle="collapse" href="#providers"><div><h5>Scheme Service Providers</h5></div><span class="icon-expand"></span></div><div class="collapse" id="providers"><p class="d-block pt-4">Here is the team of service providers that works with us to ensure the success of the Individual Retirement Benefits Scheme.</p><div class="row border-bottom g-0 py-4 border-2"><div class="col-12"><b>Trustee</b></div><div class="col-12"><p>Kingsland Court Trustee Services Limited.</p></div></div><div class="row border-bottom g-0 py-4 border-2"><div class="col-12"><b>Approved Issuer (Fund Manager & Custodian)</b></div><div class="col-12"><p>Prudential Life Assurance Kenya Limited.</p></div></div><div class="row border-bottom g-0 py-4 border-2"><div class="col-12"><b>Administrator (Fund Manager & Custodian.)</b></div><div class="col-12"><p>Zamara Actuaries, Administrators & Consultants Limited. Account No. 0105040476602</p></div></div></div></li></ul></div></div></section><section class="py-5 position-relative"><div class="bg-grey left rounded-0" style="height: 70%;"></div><div class="container z-100 position-relative"><div class="row"><div class="col-sm-12 col-md-6 mb-3"><h1 class="mb-3 d-block" data-aos="fade-down"><span class="fw-bold text-secondary">Similar</span> <span class="fw-light">products</span></h1></div></div><div class="row"><div class="col-12 col-md-4"><a href="/pru-daharidumu/" class="card rounded-30 pb-0" data-aos="zoom-in"><img src="/assets/images/PRUDahari%20Dumu-thumb.jpg" class="card-img-top" alt="PRUDahari-Dumu"><div class="card-body pt-4 pb-5 px-4 d-flex flex-column"><h5 class="card-title fw-bold text-capitalize">PRUDahari-Dumu</h5><p class="card-text fw-light">If you are looking for a short-term savings plan, then PRUDahari-Dumu is your ideal solution.</p><div class="card-static__content--btn btn-arrow"><span class="icon icon-arrow-right"></span></div></div></a></div><div class="col-12 col-md-4"><a href="/pru-select/" class="card rounded-30 pb-0" data-aos="zoom-in"><img src="/assets/images/PRUSelect-thumb.jpg" class="card-img-top" alt="PRUSelect"><div class="card-body pt-4 pb-5 px-4 d-flex flex-column"><h5 class="card-title fw-bold text-capitalize">PRUSelect</h5><p class="card-text fw-light">PRUSelect comes with a ton-load of benefits from a combination of two vital plans, drawing you closer to your long-term goals.</p><div class="card-static__content--btn btn-arrow"><span class="icon icon-arrow-right"></span></div></div></a></div></div></div></section><script>function onSubmitLeadForm(token) { document.getElementById("lead-form").submit(); }</script><section class="py-5"><div class="container py-5 position-relative" id="lead-form"><div class="row position-relative"><div class="col-sm-12 col-md-5 offset-md-1"><h2 class="fw-bold">Not what you’re <span class="fw-normal">looking for?</span></h2><p class="fw-light">Don’t worry, we'll help you get the correct solution that fits your needs. 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