CB Takaod - Retirement Plan
Tel: (01) 501600
Fax: (01) 485245
Benefits
- A sum is paid to the chosen beneficiaries in case of natural or accidental death.- A sum is paid to the insured person in case of natural or accidental permanent total disability (optional).
Conditions
- The insured should be a CreditBank client.- Age: between 20 and 55 years.
- Minimum premium: USD 25.
Advantages
- Flexible plan enabling the client to save, for his retirement, an amount that suits his current budget and meets his future needs.- 4% minimum guaranteed annual rate on investment.
- The possibility to benefit from additional return on investment according to the dividends' rate declared each year by Allianz SNA.
- The possibility to protect the insured sum and the retirement amounts from inflation through an annual variation rate ranging between 1% and 10%.
- Monthly premiums starting from USD 25, automatically withdrawn from bank account.
Illustrative Table
Figures are based on a monthly premium of USD 50 with a 3% annual variation rate.
| Age | Total Paid Premiums (USD) | Sum Insured* (USD) | Retirement amount at age 65** (USD) | |
| 4% minimum guaranteed annual return on investment | 7% annual return on investment | |||
| 25 | 45,432 | 30,000 | 82,000 | 156,720 |
| 30 | 36,444 | 25,000 | 61,532 | 105,362 |
| 35 | 28,692 | 20,000 | 43,7398 | 69,163 |
| 40 | 22,088 | 15,000 | 30,564 | 44,016 |
| 45 | 16,236 | 10,000 | 20,537 | 27,125 |
| 50 | 11,244 | 5,000 | 13,067 | 16,055 |
*Paid as lump sum in case of death or in 5 yearly installments in case of total permanent disability.
**Paid at retirement age as lump sum or in 10 guaranteed yearly installments (interest will be added).
**Paid at retirement age as lump sum or in 10 guaranteed yearly installments (interest will be added).