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meRETIREMENT
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> meRETIREMENT
 We all dream of a bright future and the means
to maintain a good lifestyle, when we retire. The key to
making our dream a reality is to ensure true financial
independence that will enable us to enjoy our golden
years. Although most people would identify a financially
stable future as a priority, many don't realize the cost
of this stability, nor prepare for it seriously.
meRETIREMENT Plan
is the comprehensive solution that provides for
your future needs, keeping in mind, your present
personal and financial situation. COVERS
- Sum Insured paid in case
of natural or accidental death of the insured person.
- Sum Insured paid in case
of natural or accidental permanent total disability of
the insured person (optional).
ADVANTAGES OF THE PLAN
- You can build your
retirement capital as of today, through monthly
moderate payments, automatically debited from your
bank account, with no additional charges.
- You can protect your
investment against inflation through an annual
escalation rate.
- You will benefit from a
minimum guaranteed rate of 3% on your investment.
- You will also benefit
from additional returns on your investment, which will
be declared annually by NGI.
ENROLLMENT
CONDITIONS
- The insured person
should be a bank account holder at Emirates Bank.
- Age bracket: 18-55 years
- The minimum monthly
contribution is AED 160 or US$ 40.
Illustrative Table
Figures in AED. Figures are
based on a monthly contribution of AED 200 with an
annual escalation rate of 3%
| Age of Insured at inception |
Total Paid Contributions up to
Retirement |
Sum Insured* |
Retirement Amount at 65** |
| 5% Yearly Return
on Investment |
8% Yearly Return
on Investment |
|
25 |
186,876
|
120,000
|
404,574
|
786,179
|
|
30 |
149,292
|
100,000
|
288,796
|
511,948
|
|
35 |
117,036
|
80,000 |
201,256
|
325,970
|
|
40 |
89,352 |
60,000 |
136,134
|
201,704
|
|
45 |
65,580 |
40,000 |
89,164 |
121,036
|
|
50 |
45,204 |
20,000 |
55,898 |
69,791
|
* Paid in Lump Sum to the
beneficiaries in case of Death or in yearly installments
to the Insured in case of disability.
**The Retirement Amount
could be paid either in Lump sum, or in yearly
installments as of the age of 65.
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