Give Your Future a Present.
It’s true – life truly begins at 60, when you can watch your children and grandchildren growing up and see your investments bearing fruit. Planning for this stage of your life makes it so much easier to relax; knowing that tomorrow is well taken care of. Give yourself the gift of a secure future – look forward to the Golden Years of your life.
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| Flexible life insurance and investment plan |
| 10 year pension payment guarantee |
| Tailor made to suit your needs |
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ABN AMRO Bank has tied up with EFU Life Assurance Ltd., to bring to you Golden Years. Golden Years is an exclusive, tailor-made life insurance and investment plan which ensures that you have a sufficient stream of monthly pension after your retirement. It offers:
- The choice of either taking a lump sum amount at retirement or receiving a monthly pension for life
- Built in life insurance
- 10 year pension payment guarantee
Preparing for your future with this investment plan is very simple.
- The annual premium for Consumer Banking customers is Rs.180,000; 192,000; 204,000 - increasing by increments of 12,000.
- Choose the payment mechanism: Automatic debit from your ABN AMRO bank account.
You have the flexibility of paying the amount on a monthly, quarterly, semi-annual or annual basis. Golden Years guarantees monthly pension payment for up to 10 years after your chosen retirement age. After the 10 years have elapsed, payments will continue to be made till you are alive.
Frequently Asked questions
How safe is my investment?
The investment you make is extremely safe since your Capital is guaranteed for the basic premiums (total premium you have paid less charges of insurance determined by EFU) you have paid. Not only that, you will also receive handsome returns based on the performance of the fund. This is explained clearly in the illustration table *. |
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Do I have the option of withdrawing from this fund?
A partial withdrawal option is available 2 years after the policy issuance, provided all due premiums under the policy have been paid. The minimum balance maintained in your policy account should be at least Rs. 36,000 after the withdrawal. |
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What makes Golden Years unique?
Your pension is guaranteed for 10 years after the chosen retirement age which means that the pension payment will not stop under any circumstances.
At the end of the 10 year guarantee period, the monthly pension will continue to be paid to you till you are alive.
In the unfortunate event of the death of the policy holder during the 10 year period, the pension will continue to be paid to your family and will only stop at the expiry of the 10 year guarantee period.
Comfort of capital guarantee
There is a capital guarantee* on your investment. This guarantee will not apply if the policy is surrendered before maturity.
* Capital Guaranteed Amount = Annual Basic Plan Premium (Annual total premium less charges of insurance) x term of plan.
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What happens after the premium paying term (PPT) is over?
You can avail the following options:
Let the cash value continue earning investment returns.
Withdraw the cash value completely
Leave the cash value and start receiving monthly pension for a guaranteed period of ten years starting from your retirement age. After a guaranteed period of ten years, you will receive pension till you are alive. |
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Disclaimer
Assumed rate of return of 8% in the projected cash flows is not guaranteed and it is not the upper or lower limit of what you might get back, as the final cash value of Golden Years is dependent on a number of factors including future investment performance. The cash value and benefits shown assume that premiums are paid in full when due.
The applicant/buyer of this product fully agrees and understands that the Bank shall under no circumstances whatsoever, be responsible nor shall the Bank be held liable to the applicant/buyer or any other third party in respect of any representation and/or undertaking made by EFU Life in relation to this life insurance product and/or any benefits arising out of it. Should the applicant/buyer proceed to subscribing to this life insurance product he/she shall do so on a voluntary basis at his/her sole risk and the Bank shall have no responsibility or liability whatsoever in respect of any disputes and/or claims arising as a consequence of the investment performance of the Fund comprising of contributions from the applicant/buyer and/or for any other reason whatsoever. The cash value and benefits shown assume that premiums are paid in full when due and no withdrawals have been made from the policyholder's cash value.
You can apply for a higher sum assured after fulfilling EFU Life's medical requirements (where necessary). Illustration Tables
If our products and services have interested you and would like further information please call our Non Stop Banking Centre at 111-06-06-06
