LAPFUND Products
01
STATUTORY CONTRIBUTION PRODUCT
Statutory Contribution: - In this plan, employees contribute 12% of their gross salary and employers contribute 15% of the gross salary.
Additional Voluntary Contribution: - Designed to enable contributors to enhance their retirement package by making additional contributions.
02
GRATUITY MANAGEMENT
Conversion of service gratuity into a provident fund enable the member to benefit from investment income and flexible taxation regime hence a better net take-home upon end of contract
03
DIASPORA PRODUCTS
The Diaspora retirement and savings plan/product is a voluntary saving and retirement scheme option, specifically designed for discerning Kenyans in the Diaspora. It is an individual pension plan agreement between the willing members and LAPFUND.
04
LAPFUND AMAL
LAPFUND AMAL is the shariah compliant window of LapFund. This window offers products and services in accordance with Shariah principles.
LapFund collects member’s contributions and ensure that they are subsequently invested in a prudent manner and in compliance with the Retirement Benefit Act.
05
IMARISHA PRODUCT
This is a saving plan targeting the informal sector. The saving plan can be used for business expansion, security for loss of income during uncertain business changes, acquisition of assets, E.T.C.
Members can access their benefits after 3.5 years.
Members can start their contributions with as low as 1000 monthly or 12000 annually for a minimum of 3 years.
06
UMMA/PARASTATAL PRODUCT
The umma (public sector) Retirement plan/product is a voluntary retirement scheme option for our public sector members who upon retirement or end of 3 years contract can access their contributions with accumulated interest for their personal development use.
07
UFANISI/PRIVATE SECTOR PRODUCT
The UFANISI retirement plan/product is a voluntary retirement scheme option for our Private Sector members who upon retirement or end of a 3 years minimum saving period can access their contributions with accumulated interest for their personal development use.
Membership
Vision & Mission
Vision: The preferred savings and retirement benefits provider.
Mission: To receive, prudently invest and manage members’ savings for prompt payment of benefits for secured retirement.
CORE VALUES:IntegrityProfessionalismTeamworkCustomer FocusContinuous Improvement
