Old Mutual Kenya unveils Lengo Digital Savings Plan to empower Kenyans in financial planning
Old Mutual Kenya has launched the Lengo Digital Savings Plan, a cutting-edge solution designed to help Kenyans digitally manage their savings and investments with ease. The product, accessible via the Old Mutual website, integrates financial planning with insurance coverage, allowing users to invest, track, and optimise their savings at their convenience.
The move is part of Old Mutual’s broader digital transformation strategy, aimed at modernising financial services to align with the evolving needs of Kenyan consumers. By leveraging technology-driven solutions, the company is simplifying savings management and making life assurance more accessible and transparent.
Lengo is designed to cater to a wide range of financial goals, including:
- Education savings
- Homeownership planning
- Car purchases
- Dream vacations
- Long-term financial security
The platform offers real-time monitoring of savings, ensuring customers stay on track with their goals. Additionally, it provides access to key policy details such as premiums, charges, and encashment benefits, allowing users to make informed financial decisions.
Speaking at the launch, Loreen Makwanya, Managing Director of Old Mutual Life Assurance Kenya, highlighted the importance of embracing digital innovation in financial services.
“Customers’ needs continue to evolve, particularly with advances in technology and a 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. With this new solution, we are empowering Kenyans to navigate savings and life assurance with ease, while minimising costs. Additionally, our customers will enjoy tax advantages for long-term savings.
The Lengo Digital Savings Plan is designed to enhance financial discipline by providing customers with the tools to enable customers to monitor savings growth, track financial goals, and access policy details seamlessly, promoting financial discipline through a user-friendly digital platform.
This initiative aligns with Old Mutual’s commitment to customer-centric innovation, ensuring that savings and insurance solutions are not only affordable but also transparent and reliable.
Arthur Oginga, Group CEO of Old Mutual East Africa Group, reiterated the company’s commitment to financial empowerment: “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.”
Customers can start their digital savings journey by visiting the Old Mutual website at: https://www.oldmutual.co.ke/personal/digital-savings-plan/
With the launch of Lengo, Old Mutual Kenya continues to set the pace in digital financial services, empowering Kenyans to save smarter and plan for a financially secure future.