Old Mutual Kenya launched the Lengo Digital Savings Plan which functions as a digital platform to improve the management of customer savings and insurance processes.
The company demonstrates its dedication to technological solutions that address modern financial planning requirements of Kenyan consumers through this initiative.
Customers benefit from an easy-to-use interface on Lengo Digital Savings Plan to monitor and manage and invest their savings online. Old Mutual customers can access the platform through their website where they find tools alongside financial resources that guide decisions and savings tracking functions and objective progress monitoring.
Premium rates and policy fees together with encashment benefits stand available to customers who can view this transparent information to establish better financial planning approaches.
Old Mutual Life Assurance Kenya’s Managing Director Loreen Makwanya declared that customers’ needs keep changing because technology advances and people become more financially literate.
The company remains dedicated to digital evolution by developing continuous innovations which provide accessible financial services that remain simple and efficient.
The new solution enables customers to handle savings and life assurance tasks effortlessly with reduced associated expenses according to Managing Director Loreen Makwanya. Users accessing the product benefit from tax advantages which provide supplemental advantages for their long-term savings.
The Lengo Digital Savings Plan exists to fulfill diverse financial targets that span from education expenses to buying a house and vehicles and vacation investments.
The plan allows different payment methods through monthly contributions of KES 3,000 and single payments starting from KES 300,000 to serve customers at all income levels. The plan enables customers to change their monthly contributions or pause or stop their savings whenever necessary for adapting to their evolving financial situation.
The Lengo Digital Savings Plan delivers life insurance protection as well as savings capacity to its users. The policy protects customers with life insurance equivalent to 30% of their fund value up to KES 500,000 maximum coverage. The plan promptly covers accidental death but establishes non-accidental coverage after three months thus guaranteeing financial assurance for policyholders and their dependents.
The Group CEO Arthur Oginga of Old Mutual East Africa Group expressed his commitment to improving customer experience through technological advancement. Our mission is to create trustworthy affordable life assurance products and user-friendly savings systems which let customers build financial security for their future lives according to Group CEO Arthur Oginga.
The launch acts as part of Old Mutual’s financial sector adaptation approach for digital transformation which provides customers with efficient customer-centric transparent solutions.
Old Mutual Kenya implements technological solutions to give their customers both financial control and peace of mind when fulfilling their long-term objectives.
