Bond Investment Business in Kenya
Long-term investment-savings contracts issued by Kenyan life insurers under IRA Class 01.
What does Bond Investment Business cover?
Bond investment business covers long-term endowment-style policies where the insurer guarantees a sum at maturity in exchange for regular or single premium contributions. It is regulated under Class 01 of the Insurance Act (Cap 487) and sold only by IRA-licensed long-term insurers in Kenya.
Who needs Bond Investment Business?
Kenyans saving toward a long-term goal - school fees, retirement top-up, or a home deposit - who want a guaranteed payout plus a life-cover element.
Examples of Bond Investment Business policies in Kenya
- Education endowment plans
- 10–25 year savings bonds
- Funeral expense bonds
Frequently asked questions
Is bond investment business regulated in Kenya?
Yes. It is Class 01 of the Insurance Act (Cap 487) and is licensed by the Insurance Regulatory Authority (IRA).
Regulation
Bond Investment Business is licensed under Class 01 of the Insurance Act (Cap 487) and supervised by the Insurance Regulatory Authority (IRA). Only insurers holding a current Class 01 licence may underwrite this cover in Kenya.