Retirement Savings Plan

It’s a medium to long-term savings plan where you can save on regular basis an affordable amount in accordance to your financial situation aiming to maintain a secured source of income for your retirement. Additionally, the plan will provide you with a protection benefit. In the unfortunate cases of death (God Forbids) or disability, a lump sum of money would be paid to the beneficiaries on the spot.

You can start saving now to receive at maturity your regular contributions plus the accumulated investment returns

You have the option to choose between 3 redemption methods (at maturity):

Receive your regular contributions plus investment returns as one lump sum, or

Receive annuities over an agreed period of time or

A mix of both options

An annual minimum guaranteed rate of interest is granted on the investment contribution.

You are automatically insured against death (God Forbids).

You can also choose to add the total permanent disability and/or the accidental death (God Forbids) and disability protection covers (optional)

You have the option to maintain your saving plan in Egyptian Pounds or US Dollars

Applicant minimum age is 18 years old

Applicant maximum entry age (for death cover) is 60 years old

Applicant maximum entry age (for disability cover) is 55 years old

The protection cover is applied up to a maximum age of 65 years old

The policy surrender is permitted after the 2nd year.

The plan secure the value of your savings against any future increase in prices; allowing you the option of adjusting your regular contributions (with a defined percentage up to 7%) on an annual basis in order to offset inflation effects on your savings.

You enjoy the flexibility of adjusting any term of the contract at any time during the whole duration of the plan.

All insurance products are offered by Allianz Life Assurance Company – Egypt and under their full responsibility.