Retire Easy
RetireEasy has been designed specially by IGI Life for MCB customers to give a respectable and secure retirement life. You can choose to receive a lifelong monthly income after retirement or a lump sum amount to invest on your own. Continue to support yourself and your family while enjoying the pleasures of a secure retirement, making your ‘Har Pal Mehfooz’.
Salient Features
- A guaranteed regular income from when you retire
- Flexible premium payment option for the customers subject to the minimum acceptable premium limit prescribed
- Premiums are invested according to four distinct strategies as chosen by the customer: Conservative, Balanced, Aggressive, and Islamic Shariah Compliant
- Additional benefits/ supplementary riders are available to enhance coverage
- Option to deposit additional funds to your regular plan at any policy anniversary, called the Account Value Acceleration Premium (AVAP) which can be redeemed any time
- The longer you continue the plan the higher the reward you will gain in form of generous loyalty bonuses starting from fifth policy anniversary and payable every five years thereafter
- On maturity, the accumulated account value will be utilized to purchase lifetime pensions for a guaranteed period of 20 years. You also have the option to invest a fraction of it to buy pension and utilize the rest for lump-sum investment at you own.
- In the event of your untimely death during the payout period your loved ones will continue to receive the monthly pensions
- Multiple modes of premium payment available for the convenience of the customer: Annual, Semi-Annual, Quarterly and Monthly (via direct debit banking order only)
- Partial withdrawals can be made at any time after the 5th policy year.