El Dakhel El Motarakem (Retirement)
When you’ve worked hard all your life – you’ll want to make sure that you can enjoy your retirement. Our retirement plan can help make sure you get the most out of your work-free years.
All you have to do is tell us when you want to retire and what income you think you might need. We can help make your retirement dreams come true for you.
Product Overview
- Maintain your lifestyle even after you retire
- A guaranteed regular income from when you retire
- The opportunity to receive Excess Bonuses for the years your investment performs better than expected. These bonuses can be encased at any time during the Payout Phase or left to grow within the Plan.
- In the event of your untimely death during the payout phase we will always, as a minimum, give back the amount that you have contributed to your loved ones
- If for any reason, you have to stop paying the premiums, we can revise the guaranteed income you will receive on retirement
Phase 1: Contribution and accumulation
During this time your contributions are invested so your Plan can provide you with guaranteed benefits.
Phase 2 : Payout
You will receive your guaranteed returns plus any excess bonuses and you may choose to receive your accumulated benefit as a cash lump sum or in the form of an annuity.
Stopping contributions
If you need to stop contributions you don’t have to put your retirement plans on hold. We give you the option of continuing your Plan by either paying premiums from the cash value of your plan or by adjusting your face amount.
Policy Loans
You can borrow up to 80% of the cash value of your Plan after the first two years.
Eligibility
Minimum age 18 maximum issue age 55
Minimum Annual Premium 3500 EGP
Currency
Egyptian Pound
Gender
Male and Female
Subject to policy terms and conditions
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Saving for your retirement
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