Pension

A pension is a financial arrangement that provides individuals with income during retirement. It’s essentially a long-term savings plan with the goal of replacing regular employment income once someone stops working.

BENEFITS OF PENSION

  • Financial Security: Ensures income after retirement.

  • Tax Relief: Contributions reduce taxable income.

  • Legacy Planning: Dependents may receive benefits.

  • Peace of Mind: Reduces reliance on family or government support.

Why Choose Burst Insurance Agency for your Pension?

    • Tailored pension solutions for individuals and businesses

    • Expert guidance on scheme selection and compliance

    • Seamless onboarding and support

    • Integration with other insurance offerings like medical Insurance

    • Expert Guidance on pension laws, risks, and investment strategy
    • Dedicated Support for inquiries, follow-ups, and account management
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Types of Pension Schemes in Kenya
  • Occupational Pension Schemes: Sponsored by employers for their employees
  • Individual Pension Plans (IPPs): Voluntary plans for self-employed individuals or those without employer-sponsored schemes.
  • Umbrella Schemes: Pooled plans for multiple employers, often used by SMEs & Corporate Institutions
  • Public Sector Pension Schemes: Managed by the National Treasury for civil servants, teachers, police, and military personnel.
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