An annuity is the investment of a lump sum of money (from retirement income capital or death in service capital), which then produces periodic payments to you over time.
Conventional Annuity with Profit
This product is a conventional annuity product and the annuity is guaranteed for a minimum period regardless of when you die. The annuity will be increased regularly through bonus declarations by the company. These bonus additions will protect the pensioner from the effects of inflation.
- Retirement advisory/counseling services at no cost.
- A guaranteed annuity shields the pensioner from market fluctuation risks.
- Provides higher income levels at retirement and is more suitable to the older retirees.