 |
|
|
|
Pension
Plus |
|
|
|
| |
|
Guaranteed Pension for Life Plan “Pension Plus”.
The choice that leads you to a certain future.
Ensure your tomorrow today!
Everyone feels insecure and anxious over the prospects of his/her pension. It’s not just a question of being able to meet our daily needs. It’s also about how we shall be able to enjoy a quality of life like the one we enjoy today, in the future. How we will be able to offer ourselves that something extra that makes life beautiful.
With an additional pension for life or a lump sum, it becomes easier to achieve greater comfort in life. With the Guaranteed Pension for Life Plan ‘Pension Plus’ you ensure greater comfort for tomorrow.
(see examples)
There is nothing more certain than our future now!
Two global groups today, a more secure life tomorrow
When one of the largest Life insurance companies in the world ALICO (119, Kifisias Ave., 151 24 Marousi, Athens - Greece), and one of the largest financial groups in the world Citibank, are behind your Insurance Plan, then it’s more than certain that the money you have invested in this Plan is more than safe.
ALICO (119, Kifisias Ave., 151 24 Marousi, Athens - Greece) invests the money you put in to Guaranteed Pension for Life Plan ‘Pension Plus’ mainly in Greek Government Bonds, as well as in corporate and government bonds of other European Union countries.
Your capital acquires value today... and tomorrow...
The capital/pension you have chosen is guaranteed, furthermore, the returns from the plan may grow even more, depending on market conditions.
How does the Plan work?
Since putting aside savings on a monthly basis is hard, our plan has been designed in such a way that you will not be burdened, nor forced to change your monthly budget. The minimum initial premium you have to pay is €70,64 per month, while you can always chose a larger amount. Your monthly payment is adjusted by 5% annually, so that your capital may remain at levels comparative to the rise in inflation.
Ways to pay
Pay easily and comfortably through your Citibank Visa, Citibank MasterCard or Diners credit cards or by issuing a standing order from your Citibank account.
Plan’s duration
You chose the duration of your plan with a minimum duration of 15 years, so you may start receiving your pension when you are 50, 55, 60, 65 or 70 years old. (At the enrollment date in the program the policy holder should be 18-55 years old).
Benefits at maturity
When the plan reaches maturity, you will have the option of collecting the entire amount of the capital that has accumulated either in the form of a monthly guaranteed pension for life or in a lump sum, so you won’t have to change your conditions in the future.
Example 1
|
Guaranteed Pension for Life
Should a 30 year old man wish to start receiving his €1.000 monthly guaranteed pension at the age of 65, he must chose the plan with an initial gross monthly contribution of €108,67.
Lump Sum
In the hypothetical case where, instead of the guaranteed annual return of 3,35%, an indicative return of say 6% is achieved and the client chooses a lump sum payment, the amount he receives after 35 years shall be €198.784. |
Example 2
|
Guaranteed Pension for Life
Should a 30 year old woman wish to start receiving her €1.500 monthly guaranteed pension at the age of 65, she must chose the plan with an initial gross monthly contribution of €172,02.
Lump Sum
In the hypothetical case where, instead of the guaranteed annual return of 3.35%, an indicative return of say 6% is achieved and the client chooses a lump sum payment, the amount she receives after 35 years shall be €337.462.
|
|
|
|
Absolute protection
The ‘Pension Plus’ plan ensures that savings shall be continued even in the difficult case where you can no longer meet your contribution payments. Your future savings are insured, should you suffer a serious accident resulting in permanent complete incapacity to work, offering you your future premiums for 10 years in a lump sum, without their future adjustments, and in a maximum amount of €50,000. The same applies in case of loss of life from an accident, where the corresponding amount shall be paid to your beneficiaries.
In the case of non permanent incapacity (owing to Illness of Accident), and after a period of 2 months has lapsed, the monthly contribution shall be paid, without the future adjustments, for a duration of up to 12 months and at a maximum amount of €900 per month.
Income Guarantee
At Citibank we believe that we all have the right to enjoy the joys of life, regardless of the minor or major setbacks we may encounter on the way. Should a serious accident deprive you of the capacity to work, with the additional provisions it offers, the ‘Pension Plus’ Plan shall help you and your family by ensuring you get an income. Thus you will be able to face the large financial consequences of an accident, leaving your investments untouched and without your having to lose your dream for a better tomorrow. Specifically, an amount of €55,000 in a lump sum or €500 per month for 10 years shall be at your disposal. In addition, in the case of loss of life from an accident, the ‘Pension Plus’ shall help your family with a significant sum equal to three times your guaranteed lump sum at the time of maturity.
Right of Withdrawal/Dissent
The Contracting Party has the right to withdraw within 14 days and the right to dissent within 30 days from the date of delivery of his insurance Contract with reimbursement of premiums paid by him in full. Should the Contracting Party wish to exercise one of these rights, he must make his intention known in writing to the Headquarters of ALICO (119, Kifisias Ave., 151 24 Marousi, Athens - Greece), within the above provided deadlines.
Requests/Complaints
Should you wish to submit some kind of Request/ Complaint with regard to some product or service of the Bank, please contact: a) Any Citibank branch in Greece, b) Citibank International plc.’s Client Telephone Service at CitiPhone 210 92 90 000, 24 hours a day, c) The Bank’s Client Service Department, P.O. Box 30 299, P.C. 105 57 Athens, and we shall reply within 45 days from receipt of the Request/Complaint at the latest. Should you deem that your Request/Complaint has not been satisfactorily resolved, you may contact the “Banking Intermediary” at 210 33 76 700, on working days between 08:30 and 15:00.
INTERNAL VARIABLE FUNDS (UNIT LINKED FUNDS) DO NOT HAVE GUARANTEED RETURNS AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS.
Investment Products are not bank deposits, or obligations of, or guaranteed by, Citibank International plc or any of its affiliates or subsidiaries (unless specifically stated), are subject to investment risks, including the possible loss of principal amount invested and they are not insured by any governmental agencies.
For more information on Citibank’s investment/savings plans:
- Visit any Citibank branch near you
- Call us at 210 929 0000
|
|
|
|
|
