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Jubilee Life Insurance

Personal Pension Plan

Personal pension · Regulated by the RBA

Grows at
4% a year
after their charges

You save for retirement in your own name, as often as you like. Jubilee guarantees at least 4% a year, and there is no set-up fee. Members cited 9.5% as the rate declared for 2022.

Hear when this changes

What to watch out for

  • The 4% is a floor. The 9.5% for 2022 comes from a member's question in the AGM minutes, which the answer did not dispute; Jubilee publishes no rate history on the page.
  • Interest is credited once a year after the audit. Contributions that arrive late earn less.
  • Contributions above the registered limit are taxed at 30% inside the fund, per the AGM minutes.
  • No management charge is published. The scheme's one named expense is the statutory RBA levy, about KES 5 million a year.
  • Tax relief on contributions below KES 240,000 a year. No set-up fee.
  • The website footer names the Insurance Regulatory Authority; the scheme itself is on the RBA's register, and the RBA attended its 2023 AGM.
Try your own numbers
How

If you put in KES 5,000 a month for 5 years

You pay in
KES 300,000
Charges take
KES 0
You'd end up with
KES 332,600
If you stop after 2 years instead

You would have paid in KES 120,000.

They do not publish what you would get back if you stopped early. You would have to ask them.

  • · Based on paying KES 5,000 a month for 5 years.
  • · The value goes up and down. This is not a promise.
  • · Worked out from the company's own published figures.

The details that matter for this kind of plan

The least it can earn
4% a year, guaranteed, with the capital guaranteed too
Declared for 2022
9.5%, as cited in the scheme's own AGM minutes
Tax
Relief on contributions below KES 240,000 a year
Set-up fee
None, by the page's own words
At retirement
Draw up to 15% a year as income and leave the rest invested
Backing a mortgage
Your pot can stand as collateral

What does it cost you?

Taken off each payment you makenothing at the start. The page says "no set up fee"Nothing

What if you stop paying?

Nothing happens. You can pay monthly, quarterly, twice a year or once a year.

What if you need the money early?

You mostly cannot. Pension money is locked to retirement by law. The page names no age; Jubilee's blog says 50 at the earliest.

Who this suits

It could work for you if

You want a simple pension with a guaranteed floor and a fund that has paid well above it.

Think twice if

You may need this money before you retire, or you want to know the charges first. None are published.

What they tell you

  • What is taken off the money you pay in?
    Nothing. They state there is no charge here.
  • 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 4% on this page is the rate Jubilee Life Insurance guaranteed, as at 2026-08-21 — 2 months old.

A floor, not the rate. Jubilee's page promises a "guaranteed investment rate of 4%" and guarantees the accumulated capital. What is credited above that is declared each year after the audit: the minutes of the scheme's 2023 AGM record a member citing "that declared rate of 9.5%" for 2022, and an answer that did not dispute it. Jubilee publishes no rate history on the page.

Where we got this