Retirement Savings Plan in Lebanon, Retirement Accounts Lebanon, Retirement Investment Plan

Overview Benefits

Overview

Bancassurance saving plans, to help you secure your future, are offered in collaboration with Allianz SNA. These include:

Retirement Saving Plan

The Cedrus Retirement Saving Plan supports clients to increase their savings, offering a high return on investment, and provides them with a life insurance policy for a minimum of a USD50 premium per month.

Allianz SNA provides beneficiaries with the set insurance capital or the invested amount (whichever is higher) in the event of:

Death (natural or accidental)
Total Permanent Disability (TPD) – Optional
Passive war – Optional

Allianz SNA also provides the policy holder with the invested amount and return at the policy maturity.

Benefits

An obligatory savings concept
Option to receive, at maturity, the amount saved as a lump sum or in 10 yearly annuities
Secures capital from inflation by annually increasing the premium from 1% to 10%
Secures a minimum of 3.5% annual rate of return on investments for the accumulated amount, from the date of issue, guaranteed by Allianz SNA and subject to the prevailing taxes, currently at 10%
Chances of receiving additional returns on investment, based on Allianz SNA yearly dividends rate
Option to increase regular payment amount at the policy’s anniversary or to make an exceptional payment anytime
Option to domicile the monthly premium on Cedrus Bank credit card for free
Option to modify the insured amount and beneficiaries.
Policies issued and delivered to clients on the spot at the branch in standard cases (i.e.: those that do not require any underwriting from Allianz SNA)