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Personal Information

Benefits


Annuity


Custodian Annuity Plan is designed to meet the requirements of section 7 1(c) of the Pension Reform Act 2014 which states that ‘A holder of RSA upon retirement or attainment of age 50, whichever is later, shall use the balance standing to the credit of his RSA to purchase an annuity from a Life Insurance Company licensed by NAICOM with monthly or quarterly payment’. The Custodian Annuity Plan includes the Retiree Life Annuity under the Pension Reform Act, Deferred and Immediate annuities

FEATURES

  • Conforms with the provisions of the PRA 2004
  • Guaranteed period of 10 years
  • Payout is for the life time of the retiree
  • Payout is monthly or Quarterly

BENEFITS

  • Regular payment till death
  • Lump sum death benefit on the death of the annuitant