Britam’s Imarika Investment Plan is a flexible, digital savings wallet designed for those aiming to achieve medium to long-term financial goals, such as buying a car, building a home, or funding that long-awaited vacation. Offering competitive returns and life insurance coverage, Imarika is a perfect option for Kenyans looking to grow their savings. This guide will walk you through how to enroll, invest, and manage your funds using the Imarika Investment Plan.
What Is the Imarika Investment Plan?
Imarika is a digital investment platform that allows you to save and grow your money while earning returns of 8–12% per annum. The plan provides flexibility, allowing you to contribute at your own pace, whether daily, weekly, or monthly, all while managing your account conveniently via your mobile phone. Additionally, the plan comes with a free life insurance cover worth Ksh 50,000.
Benefits of the Imarika Investment Plan
- Superior Returns: Earn between 8% and 12% per annum on your investments.
- Life Insurance Cover: A Ksh 50,000 cover is provided free of charge.
- Flexible Contributions: Adjust your contribution amounts or even take premium holidays during times of financial difficulty.
- Accessible Funds: After two years, you can withdraw part or all of your funds without penalties.
- Tax Relief: If your savings plan is for 10 years or longer, you may qualify for tax relief.
- Easy Sign-Up: A paperless, fully digital registration process.
Step-by-Step Guide to Register for Imarika
- *Dial 778# on Your Phone
- Start by dialing *778# from your Safaricom line.
- Accept Terms and Conditions
- Read and accept the terms and conditions of the investment plan.
- Enter Your ID Number
- Confirm your identity by entering your Kenyan national ID number.
- Provide Your KRA PIN
- Enter your KRA PIN for tax compliance.
- Input Contact Information
- Provide your email address, residential address, and occupation.
- Receive a Temporary PIN
- Once registered, you will receive an SMS with a temporary PIN, which you will need to change before you can proceed.
Managing Your Imarika Account: Deposits, Withdrawals, and More
How to Start Transacting
- Dial *778# and enter your temporary PIN.
- Change your PIN to one of your choosing.
- Select the Imarika Investment Linked option.
- Choose your preferred savings period.
- Enter the amount you wish to invest.
- If you have been referred by a financial advisor, enter their mobile number.
- Confirm the transaction using your new M-Pesa PIN.
Deposits and Withdrawals
- For deposits up to the M-Pesa limit, follow the same steps above.
- For larger amounts, contact a financial advisor or reach Britam’s customer service via 0705 100 100 or WhatsApp at 0793 304 927.
Important Terms and Conditions
- Management Fee: A 0.21% management fee is charged monthly.
- Early Withdrawal Fees: Withdrawals before the 25th month will incur fees:
- 10% of the amount for months 1-12.
- 5% of the amount for months 13-24.
- No charge from month 25 onward.
- Minimum Entry Age: You must be between 18 and 75 years old.
- Kenyan Residency: Only available to Kenyan citizens with a valid ID and KRA PIN.
The Imarika Investment Plan offers an excellent opportunity to grow your savings while enjoying additional benefits such as life insurance and flexible contributions. Whether you’re saving for a big purchase or building a financial cushion for the future, Imarika provides the tools and returns to help you reach your financial goals. Sign up today by dialing *778# and start growing your wealth with Britam!
