Education Planning

Education planning is the intentional process of building a structured financial plan to cater for your child's education from primary school to university.

It is not just about saving money. It is about ensuring that when school fees are required, the funds are available without disrupting your lifestyle, liquidating assets, or taking on debt. A well-structured education plan ensures continuity, stability, and peace of mind for both the parent and the child.

Why Education Planning Stands Out

Most Kenyan parents prioritize education — yet school fees increase every year, income is not always predictable, and emergencies happen. Education planning solves this.

Financial Preparedness

Ensures you are always ready when school fees are due — no last-minute scrambling, no disruption to your lifestyle.

Reduced Financial Stress

Avoid last-minute pressure, emergency loans, and the strain of school fees catching you off guard.

Continuity of Education

Your child's education is never interrupted due to lack of funds, no matter what life brings.

Flexibility of Solutions

Different tools can be used depending on your timeline, income pattern, and risk appetite.

Protection Element

Some solutions include life cover, ensuring your child's education continues even in your absence.

Plan With Intention

Instead of reacting to school fees pressure, you build a structure that works quietly in the background.

The Education Planning Solutions

There is no one-size-fits-all approach. The right solution depends on your timeline, risk appetite, income pattern, and goals.

Endowment Policy

Structured & Guaranteed

A disciplined savings plan that provides guaranteed pay-outs at maturity. Designed for parents who want predictability and structure.

  • Guaranteed maturity benefit
  • Annual bonuses added over time
  • Life insurance cover included
  • Encourages disciplined saving

Best suited for

Parents who want certainty and structured school fees planning.

Unit Linked Plan

Growth-Focused

A market-linked investment plan combined with life insurance. The value of the investment grows with market performance.

  • Potential for higher returns
  • Flexible contributions — single, annual, or top-ups
  • Life cover included
  • Access to policy loans

Best suited for

Younger parents with a longer time horizon and higher risk tolerance.

Money Market Fund

Short-Term & Flexible

A low-risk investment focused on capital preservation and liquidity. Think of it as your dedicated school fees wallet.

  • Capital preservation
  • Monthly compounded interest
  • Access to funds within 24–48 hours
  • No entry or exit fees
  • Flexible deposits and withdrawals

Best suited for

Short-term school fees planning and emergency education funds.

Fixed Income Fund

Stable Growth

A low-risk investment designed to generate stable returns over the medium term, investing in government and corporate bonds.

  • Invests in government and corporate bonds
  • Stable and predictable returns
  • Capital preservation focus
  • Access to funds within 24–48 hours
  • Competitive returns compared to money market funds

Note: There is a 6-month lock-in period where the principal cannot be accessed.

Best suited for

Parents looking for stable growth over a medium-term horizon.

Strategy: Combining Solutions

In many cases, the best approach is not one solution, but a combination. This creates a balanced and effective education strategy that covers the short, medium, and long term simultaneously.

Short-Term

Money Market Fund

Immediate school fees — ready when you need it, accessible within 24–48 hours.

Medium-Term

Fixed Income Fund

Stable growth for fees 1–3 years out, with predictable returns.

Long-Term

Endowment or Unit Linked Plan

University planning and structured savings with life cover included.

How It Works

1

Understand your needs

We start with your child's age, your income, timeline, and goals.

2

Recommend the right solution

We identify the most suitable solution — or combination — for your situation.

3

Structure your plan

We build a plan that aligns with your financial capacity and timeline.

4

Monitor and adjust

We review and adjust the plan over time as your circumstances evolve.

Who Is This For?

Parents with Young Children

Who want to start early and build a strong fund with the benefit of time on their side.

Parents with School-Age Children

Who want to create structure around school fees they are already paying.

Breadwinners

Who want to avoid financial strain and last-minute pressure during school terms.

Professionals & Entrepreneurs

With fluctuating income who need a structured, reliable education fund.

Intentional Planners

Anyone who wants to plan with clarity and protect their child's educational future.

Common Mistakes to Avoid

Waiting too late to start

The earlier you begin, the more time your money has to grow and the lower your monthly contributions need to be.

No dedicated education fund

Mixing school fees money with general savings leads to shortfalls when fees are due.

Ignoring school fees inflation

School fees increase every year. Your plan must account for this — not just today's costs.

Wrong product for the timeline

Using a long-term product for immediate school fees, or vice versa, creates mismatches and liquidity problems.

Frequently Asked Questions

Everything you need to know about Education Planning.

Real Talk

School fees will not wait. And when the time comes, you do not want to be forced into decisions that compromise your financial stability.

Education planning is not optional. It is essential.

Education Planning solutions are offered subject to the relevant product terms and conditions, applicable limits, and prevailing regulations. Please speak to Mama Bima Kenya for a personalised recommendation and full illustration based on your goals and financial situation.

Start Planning Your Child's Future Today

The earlier you start, the more you can build. Let us help you create a plan that ensures your child's education is fully funded and protected.