Nowadays life expectancies along with our everyday personal expenditures are on the rise. And since retirement will represent an important part of our life, it has become important to plan ahead for a worry-free golden years.
Lebanon & Gulf Bank in collaboration with Allianz SNA has designed the Retirement Saving Plan, the first step towards saving for comfortable and carefree retirement years.
Advantages and Benefits
- You can save for the required retirement amount through moderate monthly payments automatically debited from your bank account with no additional charges.
- You will benefit at the date of issue from a minimum guaranteed rate of return on your investment of 3.5%* annually guaranteed by Allianz SNA and net of the taxes due by the company.
- You can benefit from additional return on investment according to the dividends rate declared yearly by Allianz SNA.
- You can protect the insured amount and the investment amounts from inflation through an increasing annual variation rate of 1% to 10%.
- In case of natural or accidental death of the insured person, the agreed upon sum insured is paid to the designated beneficiary (ies).
- Optional: In case of natural or accidental total permanent disability, the sum insured is paid to the insured person.
Conditions of the plan
- Your premiums will be debited from your account at Lebanon & Gulf Bank.
- You should be between 18 and 55 years old.
- The minimum monthly premium is 25 USD.
- The plan is subject to the deduction of a referral fee in favor of Lebanon & Gulf Bank.