The retirement plan is a financial product designed to provide clients with both life insurance coverage and a savings component that grows over time. Below is a breakdown of how it works and the key features.

Death Benefit: In the unfortunate event that the client dies, the beneficiary receives a payout that is calculated as 120 times of the monthly premium paid by the by the client.

Permanent Disability Benefit: If the client becomes permanently disabled, the same benefit applies, the client (or their beneficiary) receives 120 times the monthly premium.

Interest Rate: The plan includes an interest component where the savings accumulate interest at a rate of 3.5% per annum. This helps grow the client's retirement fund over time.

Advance Access to Savings: After two years of continuous contributions to the plan, the client has the option to access a portion of their accumulated savings. This feature, known as an "advance" on their premium payments, allows clients to withdraw funds if needed while keeping the plan active. This type of insurance is ideal for business people, as they can save until the age of 65 and then receive their cash with increased savings.

Typical example:

The insured who is 30 years old and start contributing a Monthly premium of

10 000Rwf

Benefits :

• In case of premature death, the insurer will pay.
• 10 000RwfX12X10= 1 200 000
• cumulative savings with its interest

In case of retirement, the insurer will pay.

• The saving with its interest on contract maturity. After 5years of saving;552 353Rwf

After 10 years of saving, 1 223 081Rwf After 15 years of saving; 2 006 806RwfAt age 65; 6 791 968Rwf against 4 200 000 contributions.