• Single premium to be paid with minimum $ 500 with issuance fees and flexibility of recurring premiums of minimum $ 50
• The maturity benefits for the policy is to pay guaranteed pension amount while reaching the maturity age
• There are 3 options for the maturity benefits according to the client choice :
1- Bulk money at the agreed maturity age
2- Monthly pension for 120 months/10 years
3- Monthly pension for 180 months/15 years
• The guaranteed pension amount is paid according to the following scenarios :
1- Either the insured reaches the maturity age which is (50, 55, 60 or 65 years old)
2- Or in case of the death of insured member God forbid before reaching the maturity age, because of natural death or accident.
3- Or in case of the insured suffers total permenant disability god forbid , before reaching the maturity age.
• No medical check-ups are required
• Fully digital process which is hassle free
• Policy will not be cancelled or decreased In case of not paying recurring premiums
• There is annual draw and winners will take an extra 75% of the pension amount.
For a more detailed real-life example about the policy and pension amount expected, below is an example for a 30 years old, when paying a premium once or monthly and with different options. Knowing that the pension amount is an illustrative example in the example below:
Age | 30 |
First Base Premium | 500$ |
Monthly Premium | 500$ |
Eligibility age | One Time Pension | Monthly Pension/10 yrs | Monthly Pension/15 yrs |
50 | 149,508 | 1,437 | 1,027 |
55 | 199,416 | 1,917 | 1,370 |
60 | 254,364 | 2,445 | 1,748 |
65 | 313,380 | 3,013 | 2,153 |
Maash Bokra In USD plan is an insurance plan that provides protection and savings to obtain a guaranteed retirement lump sum or monthly pension as per your choise.it is an exclusive plan for National bank of Egypt customers only.
Maash Bokra pays a retirement amount, where the policyholder chooses between three payment options at maturity:
Maash Bokra In USD policy enters a semi-annual draw; the prize is an increase of 75% of the retirement amount or the pension payments.
The prize amount is paid at policy maturity date under the original agreed upon terms of payment
Maash Bokra In USD policy is issued with a payment of a single premium only and the customer can pay the premium at any time during the term of the policy.
The policy is not canceled nor reduces in value if the customer does not pay additional installments.
The customer can purchase one policy for each maturity age with a maximum of 2 policy for each client, for example if the client is 40 years, he can purchase 2 policies only for maturity age (50, 55)
To change beneficiaries or contact details, you must complete endorsement request
After the completion of one policy years, you may surrender your policy. In case you decide to surrender Maash Bokra In USD policy, the surrendered amount is calculated for each single premium paid separately, starting the second year, surrender value will be payable as follows:
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