Retirement Plan
After working hard all of our lives to provide the best for our families and give our children good education and marriage, it’s time to relax and enjoy the later stage or our life.
The retirement plan has been designed to help you maintain your standard of living after retirement.
The retirement plan consists of a number of phases:
- The Accumulation Phase:
During the accumulation phase your contributions are invested so that the plan is able to provide you guaranteed benefits.
- The Contribution Phase:
The contribution phase is the period during the accumulation phase where you make investment to the plane.
- The Payout Phase:
During the payout phase you receive the guaranteed returns from your retirement age until your 99th birthday
- What if I die before my retirement age?
In the unfortunate event of your death, the retirement plan will always return an amount at least equal to the contributions that you have made to the plan.
- Can I stop the plan at any time? If so what do I do?
If you stop contributions during the accumulation phase and your policy has acquired an encashment value you will get a pension on retirement that depends on the volume of contributions you had invested into the plan.
- How much should I contribute to the plan?
Just contact our Dhaman Banccassurance Officer
For more details contact our Banccassurance Officer, Saleh Al Naamani on 24489382 or 99461598
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