NAIROBI, Kenya 17 – Old Mutual Kenya has rolled out a new financial service, the Lengo Digital Savings plan, which will allow customers to invest and manage their savings digitally.
Loreen Makwanya, Old Mutual Life Assurance Kenya Managing Director (MD), said the customer-friendly digital platform, integrated into the firm’s website, is designed to enhance customers savings, allowing them to enjoy the security of insurance coverage.
“Customers’ needs continue to evolve, particularly with the advances that we see in technology and better understanding of financial planning. We are committed to keeping up with digital evolution and continuously innovating to offer solutions that make financial services simple, efficient, and accessible,” noted Makwanya, Old Mutual Life Assurance Kenya MD.
Makwanya affirmed that the savings plan aims to simplify and modernize insurance savings policy management to allow customers to invest and continuously monitor their savings with ease.
“With this new solution, we are empowering you to navigate savings and life assurance with ease, while minimising the costs that are typically associated with these services. There are tax advantages to saving for the long term, which our customers will also enjoy with this product,” she stated.
The Lengo Digital Savings product is also designed to promote financial planning by providing users with the tools and resources to make informed savings decisions.
Through the solution, users can monitor the growth of their savings, track their progress towards their financial goals, and access relevant information, including premiums, policy charges, and encashment benefits, to optimize their financial strategies.
Arthur Oginga, the Group’s Chief Executive Officer (CEO) for East Africa, noted that the plan is part of Old Mutual’s strategy to enhance its customer experience by leveraging innovative technology to meet the evolving needs of Kenyan consumers.
“By simplifying the process of saving and offering greater transparency, we are ensuring that our customers have access to reliable and affordable savings with life assurance products, helping them secure their financial future,” he stated.
