Pension Plan Insurance
A pension plan is an occupational pension scheme that commits the employer and optional the employees to make regular contributions to a fund from where the eligible employees will be paid a return as a lump sum or in form of monthly installments after their retirement. It’s a group, cost-effective and innovative solution allowing employers to provide to their employees a trustworthy and secure financial future through systematic savings and investment. At the same time, each member can maintain their autonomy by selecting how to invest among various schemes in accordance with the personal circumstances and their risk profile. The pension plans are gradually replacing the conventional provident funds as they excel in both cost and operational benefits.