Individual Pension Plan [IPP]

We’ll help you think differently about retirement – more optimistic about tomorrow and confident about taking control. You may see yourself traveling, volunteering or simply spoiling your grand kids. Whatever your plans, we are in your corner.

Our individual pension product is a long-term investment plan that allows you to build a sizeable retirement fund. Your monthly contributions grow exponentially with competitive interest rates.

The plan allows you to first build your retirement income by making regular contributions during your working life. On attainment of your selected retirement age, Sumac Insurance Agency Limited [SIAL], through your preferred Insurance firm, will pay your accumulated retirement benefits in accordance with the option selected at the inception of the policy.

Why the Individual Pension Plan cover?

  • Member’s contributions and accumulated earnings are guaranteed against impairment by investment loss at a Minimum guaranteed interest of 4%.
  • Offers Bonus returns in addition to guaranteed interest.
  • Investments risk borne by APA thus no risk to member.
  • Flexibility of contribution and withdrawal.
  • Collateral for mortgage on up to 60% of member’s fund.
  • Offers no costs of joining or administering the fund.