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Core Protection
Essential Income Drawdown coverage and protection against loss, damage, or liability.
Solutions > Income Drawdown
Income Drawdown
The APA Income Drawdown Plan lets a member access retirement benefits as a regular income — fixed or variable — drawn from an investment retirement fund, as an alternative to a lifetime annuity. The undrawn balance remains invested in the APA guaranteed fund with capital guarantees, and the residual amount is accessible after a minimum 10-year term.
Flexible Regular Income
Draw a fixed or variable income on your terms while your fund stays invested
Up to 12% Annual Withdrawal
Monthly, quarterly, semi-annual or annual payments from your retirement fund
Capital Guarantees
Undrawn balance invested in the APA guaranteed fund with death benefit protection
What is Income Drawdown?
The APA Income Drawdown Plan lets a member access retirement benefits as a regular income — fixed or variable — drawn from an investment retirement fund, as an alternative to a lifetime annuity. The undrawn balance remains invested in the APA guaranteed fund with capital guarantees, and the residual amount is accessible after a minimum 10-year term. Established as a trust and regulated by the RBA and KRA, it keeps your fund invested and guaranteed while you draw a flexible, tax-efficient income — with a death benefit and the freedom to switch to an annuity or lump sum after the term.
Highlights
- Regular income (monthly, quarterly, semi-annual or annual) drawn from your retirement fund.
- Up to 12% of the outstanding fund balance withdrawable per year.
- Undrawn funds invested in the APA guaranteed fund with capital guarantees on the balance.
- Residual fund accessible after 10 years — continue drawdown, buy an annuity or encash.
- Death benefit: outstanding fund balance plus sum assured of 50% of purchase price (capped at KES 2.5m).
- Transfers into the plan are tax-exempt; withdrawals are tax-free.
What is Covered and Not Covered Under Income Drawdown?
Toggle between the categories below to understand the comprehensive scope of our cover details.
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Fast Claim Settlement
Streamlined online claims submission and fast payout process.
Eligibility & Documentation
Eligibility Criteria
Specifications
Who Can Apply
Members of pension schemes and members of the public (minimum age 50) with accumulated retirement funds
Minimum Age
50 years at entry
Minimum Term
10 years drawdown term
Maximum Withdrawal
Up to 12% of the outstanding fund balance per year
Documentation
Application and onboarding forms, beneficiary nomination, ID and KRA PIN
How to Buy the Income Drawdown Plan?
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Contact APA Life to discuss your retirement fund balance and income drawdown options.
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Complete the income drawdown application and onboarding documentation.
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Nominate your beneficiaries and attach copies of ID and KRA PIN.
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Transfer your accumulated retirement benefits — income drawdown commences 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
Income Drawdown offers comprehensive protection designed to safeguard you, your family, or your business against financial loss.
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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.
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What would you like to protect?
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“The easiest way to manage my cover.”
— Sarah K., Nairobi
