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Wekeza Maisha Fund

  • The Wekeza Maisha/Invest life Unit Trust is the first investment cum insurance scheme to be established by UTT AMIS in the country.
  • Unit Linked Insurance Plan (ULIP) is the combination of insurance and unit trust (investment) benefits (i.e. a marriage of Insurance and Unit Trust) ULIP is a one-stop solution providing:
  • -Life Protection (Insurance Benefits)
  • -Savings and long term capital appreciation.
  • More than 99% of your money is invested in income generating instruments and Less than 1% of your money covers Insurance Premiums.
  • Objectives: An open –end balanced fund which seeks to generate long term capital appreciation, while also offering additional insurance benefits in the form of Life Insurance, Personal Accident/Total Disability and Funeral expenses cover.
  • Eligible Investor(s) and Entry Age: Open for Investment to resident individual Tanzanians and Non Resident individual Tanzanians in the age group of 18 to 55 years.
  • Tenure: The tenure of a plan membership under the scheme is 10 years.
  • Liquidity: Partial repurchase is allowed after completion of 5 years.
  • Investment options: The scheme offers investment under two options-(a) Regular Contribution Option and (b) Single Contribution Option
  • Contribution Amount :( a) Minimum Contribution Amount: TZS.1million (however an investor may choose a regular contribution of TZS 8340/- per month and (b) Maximum Contribution Amount: No Limit
  • Life Insurance Benefits (Death or Total or Permanent Disability)
  • (a)Regular Contribution Option: Life cover equal to unpaid but not due amount of the chosen Contribution amount subject to a maximum of TZS.25 Million and (b)Single Contribution Option: Life cover equal to the chosen contribution amount subject to the maximum of TZS.25 Million.
  • Personal Accident Benefits: Available to the extent of 20% of the chosen contribution amount subject to maximum cover amount of TZS.5Million (irrespective of chosen investment option)
  • Funeral Expenses Benefits: Available per member to the extent of TZS 500,000/= irrespective of chosen investment option/contribution amount.
  • Loyalty Bonus: Provision to pay loyalty bonus on completion of plan membership period or if death occurs during last year of the plan period (7% on single contribution and 5% on regular contribution)

News & Events

 

SCHEMES SEMI ANNUAL REPORTS FOR THE PERIOD ENDED DEC 2016

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UTT ANNUAL REPORT

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ANNUAL GENERAL MEETING DOCUMENTS - 2015 

Taarifa ya Mkutano Mkuu kwa wawekezezaji wa vipande Readmore

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PRESS RELEASE

CFI Award & Umoja Fund 10th Anniversary Readmore