Personal Pension and Annuity Plan (PPA)

The IGI PPA is a financial plan designed to help the holder accumulate fund towards the provision of income while in retirement.

For Whom

IGI PPA is meant for the following categories of people:

• Self-employed individuals i.e. professionals, contractors, traders etc.
• Employees or directors who are not members of an occupational pension scheme
• Employees or directors who are members of an occupational pension scheme but desire to augment their retirement income

Features :

• Optional Life Assurance Benefit
• Optional Personal Accident Insurance Benefit
• Tax free lump sum at retirement
• Waiver of contribution in the event of disability(see details in proposal form)
• Accelerated growth of funds
• Flexible retirement age
• Flexible premium payment made (simple , annually, biannually, quaterly and monthly)

Benefits

• Contribution is tax exempt
• Tax free lump sum benefit of up to 25% of fund payable at retirement
• Annuity payable for life
  
  

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