What is Imarika?
Imarika Investment plan is a goal driven, Unit-linked investment solution that offers you the opportunity to earn superior returns on your contributions and enjoy life insurance at the same time.
If you are planning on building your home or buying one or even buy land, this is the plan for you. With Imarika, you can contribute monthly or lumpsum and access your funds anytime after 37 months. You can also make withdrawals to pay annual fees once every year after year 3. You can use the partial withdrawals to book the house off plan and lock in a good price then pay it off when ready. If you’d like to take out a mortgage, you can also use Imarika to accumulate a lumpsum for your deposit.
How does Imarika work?
You contribute a minimum contribution of as low as
Kes 1,000 per month or minimum Kes 50,000 lumpsum with no upper limit.
It is a flexible platform, giving you a chance to increase or reduce your monthly or lump sum contributions at any time
As the fund accumulates, you can make partial withdrawals of up to 30% of the Fund value after
three years free of charge.
Funds attract competitive returns on of 8-12%p.a with a minimum guaranteed return of 5% per annum, giving you significant investment protection. (Current fund return as at 23rd January is 10.7% net)
Your investment guarantees you a Free Life
Insurance cover of KSh 50,000
After sign up, the client receives an E-policy document on the email address provided. Statements are also sent on the 7th of every month.
Who should buy Imarika?
Imarika is suitable for any individual looking to accumulate money within the medium to long term of between 5-20 years. Full withdrawal can be done after 36 months with no exit charge
It is targeted at clients who are looking for superior returns for their investments to achieve their goals.
To sign up, one must be between 18 years and 75 years.
How to sign up:
Ask the client to dial *778# on their phone and follow the following steps.
To Register
- Client dials *778#
- Client enters ID/Passport Number
- Enter KRA pin number
- Enter residential address and occupation in details e.g Kileleshwa Hse no 3 Ndovu Estate
- Agrees to Terms and Conditions
- Client receives a temporary pin. If pin is not processed, call 0705100100
To Invest
- Client dials *778# again
- Client enters pin sent to them earlier
- Select Imarika Investment Linked
- Client chooses policy term (minimum 5 years)
- Client enters premium/preferred contribution
- Client indicates Financial advisor code- FA Payroll number as 2534 for easy follow up and assistance
- Authorize deduction from Mpesa
- Enter oin (same as above)
- Application is completed, client receives SMS confirming receipt of funds
Advantages of using *778#
- Client can check balance at anytime on phone
- Client can top up at anytime on phone by selecting
“Purchase” on *778#
Frequently Asked Questions;
Can I dial for the client on my phone?
No. The client will need to dial *778# on their own phone.
What do I need to ask the client to do before they dial?
Simply ask them to load their mpesa with the amount of money they wish to pay.
How do you recognise me as the FA who has sold the business?
The client will see a question asking how they were referred to Imarika. Please have them select Financial Advisor. It will then ask for FA number 2534.
How do I get me Employee number?
The number is at the top of your payslip under “Employee number”. If you cannot see it, please ask your Branch Administrator, Branch Manager, Unit
Manager, Branch product champion or Imarika
helpdesk.
How will the client make future contributions?
They will dial *778# and select purchase then follow the prompts to complete the top-up.
Imarika Charges: 0% initial fee 0.34% per month
Illustrations: Below are sample goal-based illustrations for an Imarika customer. These illustrations are based on assumptions about future investment performance that could vary from the illustration.
Read about Imarika Investment plan here. https://gallywexa.wordpress.com/2017/06/15/imarika/
For any enquires contact: GALLIN WEKESA-Financial Advisor- Britam- 0712870447 gallywexa@gmail.com