Have you ever thought about how much income you will receive when you retire? If so, will it be sufficient for you to live comfortably for the rest of your life? Our Unit Linked Personal Pension Plan can help you enjoy a better retirement.
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Name of the Product - Unit Linked Personal Pension Plan(ULPPP)
Type of Policy - Unit Linked to the Selected Retirement Age(SRA) which can be 55,60 or 65
Can be effected on - A Single Life only
Min-Max Term - 5 and 52 years
Min-Max Regular Premium - MUR250/Per month-None(Premiums can be Level or Increasing by 5% or 10% on a simple basis)
Maturity Benefit - A Monthly Pension Based on either the Minimum Guaranteed Amount or Cash Value of Units whichever is the higher
Additional Benefits - (1) Additional Death Benefit (2) Total & Permanent Disability Benefit (T&PD) (3) Waiver Of Premium (WOP)
Switching - Ability to move or part of the investement (Units) between funds. The first switch in any policy year is free. All subsequent switches will be subject to the aplicable switching fee
Choices of Pension at the Selected Retirement Age:
At the Date of Maturity, the following options are available to the Life Assured:
» An amount of pension based on the life of the Life Assured until his/her death.
» A lump sum together with a reduced pension.
» A pension based o the life of the Life Assured until his/her death, and such pension to continue to be paid to the surviving spouse until the death of the latter.
» A pension based on the life of the Life Assured until his/her death. Such pension can be guaranteed for a period of 5 or 10 years.
» A pension based on the life of the Life Assured, the quantum of which will increase by a fixed percentage periodically.