Introducing Insurance Tips by Normadsol

What is the biggest barrier towards achieving your goals? Well, we believe that money must be playing a huge role in it. We all need some funding at one point in time, either for personal or business use.

The question is, how accessible and healthy is your borrowing needs? Do you keep tract of your debts? Well, there is just a solution you may be in need of from Normadsol Savings Tips

Most of us, if not all, need money. Not just money, but lots of it. Yeah, they say money is evil. Well that is not entirely true. Some say lack of it is evil. Some say too much of it is evil.

So, what are Normadsol Savings Tips?

Savings Tips by Normadsol are savings and credit solutions that accelerate people's goals by providing them with avenues of linking their savings to their goals.

That means that clients can save and use their savings as security for their loans. Through this method, clients savings also attract higher interest rate with an option of withdrawing the savings plus the interest. Check our solutions for more information.

Our solutions are offered as follows:

1). SAVING FOR PENSION

Don't let your sunset days catch you off guard. Plan and save for it as early as you can. As they, make hay while the sun shines and that is the very basic truth of saving for retirement.

Through Savings Tips, we provide you with lucrative pension savings plan that helps you consolidate your pension contributions from all your places of work.

You can also make regular monthly, quarterly, semi-annual or annual contributions towards the same. To fulfill our mission of providing our clients with a savings plan that allows them to borrow, one can use his or her pension savings statement to access loans.

Our Pension Fund is offered in two categories as follows:

a) Individual Pension Fund

What is Individual Pension Plan?

Individual Pension Fund is a retirement benefit scheme that allows you to make regular monthly contribution towards your retirement. This is a long term investment to safeguard you during your sunset days.

b) Income Draw-down Fund

What is Income Draw-down Fund?

Income Draw-down Plan is an investment product that allows you to re-invest your retirement savings. The plan enables you to access your retirement savings as an income and invests the balance. The plan runs for a minimum of 10 years during which you receive income from the fund. The fund is invested in a guaranteed fund where it is protected against reduction.

Let us help you get the best pension savings plan in the market. Click here to Get started.

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2) SAVING IN A SACCO

There is no doubt that Sacco Saving is gaining ground among Kenyans. According to Kenya Union of Savings and Credit Cooperatives (KUSCCO), a third of Kenyans benefit directly or indirectly from co-operatives.

With over 14 million members, saccos are becoming the alternative saving and investment vehicle, commanding over Ksh 17. 5 billion is revenue as at 2021.According to the same report, there are over 22,000 registered Saccos in Kenya.

Why Sacco Saving?

We, at Normadsol in partnership with some of the leading SACCOs in Kenya, believe that SACCOs offer flexibility in terms of saving and capital growth. Below are additional benefits that our clients enjoy while saving through saccos:

Access to Credit Facilities: SACCOs are known for their ease of saving and lending methods and for that reason, members can easily save and borrow without so much bureaucracy.

Attractive Interest Rates: Members enjoy low interest rate on their borrowings depending on the tenure of the loans as well as above average interest on their savings.

Affordable Investments: By pooling funds, members are able to buy plots of lands among other investment opportunities. This enable them grow and develop as a group.

We Normadsol, will be your guide and guarantor towards your savings journey in SACCOs.

If you need more information on how to get started with savings for credit plan, click here or visit our offices or give us a call.

LEARN | APPLY | EVALUATE | DIVERSIFY

3) SAVING IN MONEY MARKET

As much as Money Market Fund is associated with investment more than saving, we at Normadsol believe that MM Fund is a great savings avenue for millions of Kenyans since it offers flexible contribution methods.

Despite being a new product among many Kenyans, the uptake is quite impressive as the leading fund managers such as CIC Group, NCBA, Britam etc. command over Ksh 2 billion of Asset Under Management (AUM)

Most of these companies have embraced finance technology in their quest to gain more customers, making this product accessible via SSD Codes and mobile apps.

At Normadsol, we are dedicated to guiding you on the pros and cons of Money Market Fund as well as ways of earning maximum return from your savings and investments.

Some benefits of saving through Money Market Fund Include:

• Low Initial Principal Amount: One can create an account with as low as Ksh. 500

• Liquidity: One can access the fund whenever he or she wishes.

• High Return: Since it's return is dependent on market performance, one stands a chance of earning huge returns on investments.

If you are interested or want to learn more about saving in a Money Market Fund, get in touch with our agents. Click here to Get started

LEARN | APPLY | EVALUATE | DIVERSIFY

About Normadsol

Normadsol is a premier investment consulting and business development firm based in Nairobi, Kenya. Our primary objective is to empower people to succeed by providing them with reliable and innovative financial solutions that accelerate their financial and business goals.

Tel: +254796 625 115 or +254788 927 929 | Email: normadsinfo@gmail.com Web: www.normadsol.com   | Social Media: @Normadsol