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Madison Life Assurance Kenya

Personal Pension Plan

Personal pension · Regulated by the RBA

At least
5% a year
their figure, before charges

A pension you open yourself. Madison promises at least 5% a year and has paid more in every year it shows.

Hear when this changes

What it has actually paid

  • 201710%
  • 201810%
  • 201910%
  • 20208%
  • 202111%

After the company's charges. Past periods are not a promise about future ones.

The details that matter for this kind of plan

Least it pays
5% a year, guaranteed
Smallest payment
KES 500 a month
Last rate published
11% for 2021
Borrowing against it
Up to 60% can back a mortgage

How to open this

  • then KES 500 a month

What if you stop paying?

What you have paid in stays in the plan and keeps earning. You can start again later.

What if you need the money early?

If you leave a job early you may take up to half of what you have built up. The rest waits until you retire.

Who this suits

It could work for you if

You want a floor under your savings and a rate you can look up each year.

Think twice if

You want to know the charges first. Madison does not publish any entry, initial, or premium allocation charge.

What they tell you

  • What is the smallest amount you can start with?
    KES 500.
  • Is the advertised return before or after their charges?
    Before charges. Their fees still come off this.
  • Do they say who regulates them?
    Yes — the RBA. That is who you complain to.

Talk to them

  • Website: madison.co.ke
  • If something goes wrong, the RBA is who supervises 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 Madison Life Assurance Kenya guaranteed, as at 2021-12-31 — over 4 years old.

The least Madison will credit in a year. It has declared more than this in every year it publishes.

This is the most recent figure Madison Life Assurance Kenya publishes, not the most recent figure that exists. Ask them what the current rate is before you decide anything on the strength of it.

Where we got this