Pensions modification 2012

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Modified Pensions & PensionsPlus

Transcript of Pensions modification 2012

Page 1: Pensions modification 2012

ModifiedPensions & PensionsPlus

Page 2: Pensions modification 2012

Increased Flexibilities

PensionsPensions PensionsPlusPensionsPlus

Pensions Minimum Retirement Age:

28 Years

Pensions Minimum Retirement Age:

28 Years

PensionsPlus Minimum Retirement Age:

33 Years

PensionsPlus Minimum Retirement Age:

33 Years

Page 3: Pensions modification 2012

More Options to the Policyholder

Withdraw the total fund upon completing the premium paying term and cease the policy.

Upon completing the premium paying term, withdraw a portion of the fund and receive the rest as a monthly installment.

Make no withdrawals upon completing the premium paying term and receive the fund in monthly installments over an agreed

period of time.

Now the Policyholder can……….

Page 4: Pensions modification 2012

What about existing customers?

Withdraw 100% of the fund upon completing the premium paying term and cease the policy.

Or

Upon completing the premium paying term, withdraw a portion of the fund and receive the rest as a monthly installment.

Existing policyholders too can now……….