Softlogic Life Retirement Plan (Retire with Pride)

The product provides retirement options to the policyholder where they can choose to receive the accumulated fund balance as a lump sum or as an annuity payment upon reaching retirement age. The annuity options are 10 years certain, life time or two joint life time options. There is a minimum guaranteed benefit in each case but the actual retirement benefit could be higher depending on the performance of the fund. The Policy holder has the option of paying a single premium or regular premiums in order to build up the retirement fund. The policy holder is provided with a life cover as well as premium protection benefit (for regular premium policies) at no additional cost and is able to include additional riders as with existing conventional products.

Regular Premium Plan

  • Minimum age at entry – 18 years (Exact Birthday)
  • Maximum age at entry – 60 years (Age nearest Birthday)
  • Retirement Benefit Receiving Age – Any Age between 55 to 65 Years

Single Premium – Differed Annuity

  • Minimum age at entry – 18 years (Exact Birthday)
  • Maximum age at entry – 64 years (Age nearest Birthday)
  • Retirement Benefit Receiving Age- Any Age between 55 to 65 Years

Below mentioned optional rider covers are applicable to offer with this product,

  • Hospitalization Benefit
  • 100 Years Plus – Life Cover
  • Family Health Care Super Benefit
  • Family Health Care Super Benefit + Overseas Treatment
  • Premier Health Benefit
  • Critical Illness Super Benefit

Single Premium – Immediate Annuity

Minimum age at entry - 55 years (Age nearest Birthday)
Retirement Benefit Receiving Age - Immediate

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