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CIC Life Assurance

Jipange Plus Pension Plan

Personal pension · Regulated by the RBA

At least
5% a year
their figure, basis not stated

You save for retirement in your own name, from age 18. CIC guarantees at least 5% a year. You can also put money aside for medical bills after you retire.

Hear when this changes

What to watch out for

  • The 5% is a floor. "Competitive rates since 2009" is the only thing said about what was actually paid.
  • No charge is published. The brochure promises reduced costs and gives no figure.
  • No minimum contribution is stated. Pay by salary deduction, standing order, M-Pesa or bank deposit.
  • Money in the medical fund can only go to a medical provider, after you retire. Up to 10% of your retirement pot can move into it.
  • The brochure says the fund is registered with IRA, KRA and RBA. The scheme is on the RBA's register.

The details that matter for this kind of plan

The least it can earn
5% a year, guaranteed
Registered with
IRA, KRA and RBA, by the brochure's own words
Medical money for later
You can also save into a post-retirement medical fund, and move up to 10% of your pot into it
If you die before retiring
The pot goes to whoever you named, as cash or towards medical cover
Paying out
Withdrawals settled within 5 working days of full papers
Who can join
Anyone aged 18 and over

What if you stop paying?

Nothing happens. The brochure sets no minimum and no schedule.

What if you need the money early?

You mostly cannot. Pension money is locked to retirement by law. If you leave a job early, the pot waits for retirement age.

Who this suits

It could work for you if

You want a guaranteed floor and the option of a medical fund for old age.

Think twice if

You want to know the charges first. The brochure promises low costs and names none.

What they tell you

  • Do they say who regulates them?
    Yes — the RBA. That is who you complain to.

Talk to them

Compared with the others

There are 16 other plans of this kind on the board. See all 17 side by side — what each one leaves you with, and which of them will not say.

How current is this rate?

The 5% on this page is the rate CIC Life Assurance guaranteed, as at 2026-08-21 — 2 months old.

A floor, not the rate. The brochure promises a "guaranteed rate of return of 5% p.a." from the CIC Life guaranteed fund and "competitive rates of return since 2009", without saying what those were.

Where we got this