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Retirement Savings Plan-FRESH

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Retirement Savings Plan-FRESH
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Retirement Savings Plan-FRESH

Prepare for your golden age by building up a capital at your own pace.

FIND YOUR Retirement Savings Plan-FRESH

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LBP 600,000
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SUBMIT
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SUBMIT
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USD 1000
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SUBMIT
Please fill out the form below to save your simulation.
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LBP 600,000
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SAVE SIMULATION
Your simulation is saved and will be sent to you by e-mail.

BENEFITS

  • Possibility to withdraw the total saved amount at any time is subject to penalty of 15% and 10% respectively during the first 2 years in addition to termination fees
  • Possibility to withdraw the total saved amount at any time starting the third year with no penalties but subject to termination fees
  • Saving abroad in Fresh USD: a letter of guarantee from our reinsurer is available upon request
  • Possible annual return on savings

Coverage

  • Life insurance coverage: in case of natural or accidental death, including death due to Covid-19 or any other pandemic, or total permanent disability (accident or sickness),  the insurance company will settle the sum insured to the beneficiary(ies) in case of death or to the insured in case of disability. If the contract's cash value is greater than the sum insured, the difference will also be paid

Premiums

  • Currency: Fresh USD
  • Monthly, quarterly, semi-annual or annual settlements
  • Possibility to settle additional payments at any moment (minimum required Fresh USD 100 ) ; a 2 USD fees applies
  • Constant or progressive premiums according to the annual indexation rate of your choice between 2% and 10%
  • Minimum amount: fresh USD 25/month 

Age of the Insured

  • Between 16 and 70 years old

Simulation

Age
(in years)
Monthly premium*
(in USD)
Contract duration
(in years)
Sum insured
(in USD)
Cumulated paid
premiums (in USD)
Capital received
at maturity** with passive war risk coverage (in USD)
25
50
40
10,000
24,000
27,864
40
150
25
10,000
45,000
48,634
The present illustration is only indicative and is not part of the insurance request/contract.

DISCLAIMER

The Retirement Savings Plan is issued by Bancassurance S.A.L. (CRB: 75 309, Beirut), a life insurance company affiliated to BanqueLibano-Française. Bancassurance S.A.L. is a joint stock company established under the Code of Insurance with a paid-in capital of LBP 4.5 billion. 

*The Company’s investments are in compliance with the requirements of the decree no. 1205/1978 amended by the decree no.2441/2009 (implementation of the decree no. 9812/1968 governing insurance companies); the issuer and the guarantor being Bancassurance S.A.L., and the paying agent being the Bank. 

**The projected amounts are based on an annual projection rate of 1% and are shown for projection purposes only after deducting the insurance fees, settlement fees including referral fees and management fees. 
These amounts and annual projection rate are not guaranteed and do not constitute any engagement for Bancassurance S.A.L. 

The contract shall become automatically effective following the review of the insurance request and its acceptance, and provided that Bancassurance S.A.L. issues the particular conditions. 

The Capital Markets Authority of Lebanon has not passed upon or takes no responsibility for the information contained in the abovementioned documents or for the merits of investing in this product. 

All death claims under these contracts are subject to inheritance tax payable by the designated beneficiary(ies). 

 

BANCASSURANCE S.A.L.
Capital 4,500,000,000 Lebanese Pounds
CRB 75 309, Beirut
Insurance company registered in the Insurance Companies Register
under no. 241 as per Ministerial Order no. 25/1/AT dated 20/01/2000
amended by Ministerial Order No. 222/1/AT dated 22/04/2000 and subject to legislative decree no. 9812 dated 04/05/1968
Tax Number: 194626
Semiramis Building, 4th floor
Weygand Street, Bab Idriss, Downtown, P.O. Box: 11 6729, Beirut, Lebanon
Phone and fax: 961 1 960100
E-mail: bancassurance@ebancassurance.com

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Published on 27/11/2018, updated on 30/10/2024
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