UniPension
Ideal for people who want to save up for the years to come and supplement their pension
What is it about
UniPension is the ideal scheme for people who want to supplement their pension and secure their standard of living when they reach retirement years through systematically investing in the Internal Unit-Linked Funds of Universal Life.
Target
Creating and accumulating capital through systematic investment
Duration
10 to 45 years
Insurance Cover
Pension amounts will be calculated based on the amounts invested and the client's choices for a guaranteed payment period
Funds
A choice between the five Internal Unit-Linked Funds of Universal Life
Tax Exemption
Premiums can be tax exempted
Benefits/Covers
- Creating and accumulating capital through systematic investment
- In case of permanent total disability and before the retiree reaches their 60th birthday, they can request the early conversion of the capital into a pension
Additional Benefits
Disability Income
The benefit is paid monthly in case of total disablement due to accident or illness. The benefit is payable after the expiry of three months of any period of disability and expires at maturity of the policy or at the maturity of the benefit or at the age of sixty five, whichever takes place first. Provided that the disablement continues to exist following the first 24 monthly payments the benefit will continue to be paid only if the total disability becomes permanent.
Waiver of Premium
In the event of total disablement due to accident or illness, any future premiums (after the first six months of disability) will be waived and assumed to be paid by the Company. The benefit expires at age 65 or the maturity of the policy if earlier.