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Core Protection
Essential Annuities coverage and protection against loss, damage, or liability.
Solutions > Annuities
Annuities
An annuity is an insurance contract in which, in exchange for a single premium (purchase price), the insurer pays regular benefit payments. The APA Guaranteed Flexi Annuity provides a guaranteed income for the lifetime of the annuitant, helping retirees consolidate lump-sum payouts and other savings into a dependable income.
Income for Life
Convert your retirement savings into a guaranteed income you cannot outlive
Flexible Term Guarantees
Choose a guaranteed period of 0 to 20 years with benefits to beneficiaries
Inflation Protection
Optional 0–5% annual escalation and joint-life last-survivor cover
What is Annuities?
An annuity is an insurance contract in which, in exchange for a single premium (purchase price), the insurer pays regular benefit payments. The APA Guaranteed Flexi Annuity provides a guaranteed income for the lifetime of the annuitant, helping retirees consolidate lump-sum payouts and other savings into a dependable income. It offers lifelong income, term guarantees (0–20 years), optional annual escalation (0–5%) and inflation-conscious pricing, with single-life and joint-life (last survivor) options — protecting against longevity and investment risk in retirement.
Highlights
- Guaranteed regular income for life — monthly, quarterly or annual payment frequency.
- Term guarantees of 0, 5, 10, 15 or 20 years — outstanding benefits pass to beneficiaries on early death.
- Optional annual escalation of 0% to 5% to help counter inflation over your retirement.
- Joint-life last-survivor option continues income to your spouse after your death.
- Annuity income is tax-free regardless of amount; regulated by the Insurance Regulatory Authority (IRA).
What is Covered and Not Covered Under Annuities?
Toggle between the categories below to understand the comprehensive scope of our cover details.
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Round-the-clock emergency assistance and customer helpline.
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Fast Claim Settlement
Streamlined online claims submission and fast payout process.
Eligibility & Documentation
Eligibility Criteria
Specifications
Who Can Apply
Retirees and members of the public with accumulated funds seeking regular retirement income
Purchase Price
Single premium from accumulated pension or retirement savings
Payment Frequency
Monthly, quarterly or annually
Guaranteed Period
0, 5, 10, 15 or 20 years
Documentation
Quotation request, application, beneficiary nomination, ID and KRA PIN
How to Buy the Annuities Plan?
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Request an annuity quotation from APA Life with your purchase price and preferred options.
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Complete the annuity application form and nominate your beneficiaries.
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Attach copies of ID (main and joint annuitant), beneficiaries' IDs and KRA PIN.
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Transfer the single premium — payments commence on policy issue. Call 0709 912 777 or email pensions@apalife.co.ke.
Everything You Need, All in One Place
Access policy documents, claim forms, renewals, and important resources anytime.
Real Stories from Customers Who Trust Our Coverage
Learn why professionals trust our solutions to complete better customer journeys.
“Support became faster, clearer, and more consistent across every customer touchpoint. It changed how we interact with our clients.”
Nia Afolayan
Customer Expert
Chioma Nwosu
Customer Success
“The onboarding was smooth from day one, and our team saw measurable results quickly. It gave us a much faster customer journey.”
Jordan Mensah
Growth Manager
Daniel Okoro
Founder
“It helped us create a better customer journey without adding complexity for the team, keeping all departments aligned.”
Robert Hayes
Regional Partner
Frequently Asked Questions
Annuities offers comprehensive protection designed to safeguard you, your family, or your business against financial loss.
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APA, Insuring Happiness
Manage Your Insurance on the Go
Experience the future of insurance management. Our mobile app provides a seamless digital curator experience for your policies, claims, and peace of mind.
APA, Insuring Happiness
What would you like to protect?
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Health Insurance
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Motor Insurance
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Life Insurance
“The easiest way to manage my cover.”
— Sarah K., Nairobi
