Retirement Savings Plan

For your retirement, you wish to acquire a residence, renovate your home, travel on a vacation or simply have a decent living while protecting your beloved ones.

Banque Libano-Française provides you with the adequate solution to all your concerns.

The Retirement Savings Plan is designed to prepare your golden age while taking advantage of a life insurance coverage.
The Retirement Savings Plan in brief
Beneficiary
  • one or several of your relatives.
Period of contract
  • minimum 4 years
  • maximum: until the insured reaches the age of 75
Premiums
  • regular: you can choose the frequency of payments that suits you best: monthly, quarterly, bi-annually or annually
  • constant or progressive according to the annual indexation rate of your choice
  • minimum amount: USD 25/month, USD 300/year
  • additional payments are possible at any time (minimum USD 100)
Availability
  • total surrender of the total amount saved at any time with termination of the contract. No penalties are applicable on total surrender starting from the fourth year
  • partial surrender of up to 90% of the amount saved, possible at the fourth year without penalties
Return on savings
  • annual rate of return
Coverage
  • death or total permanent disability (natural or accidental causes)
  • death or total permanent disability caused by passive war (optional)
The Retirement Savings Plan is issued by Bancassurance SAL, a life insurance company affiliated to Banque Libano-Française and Crédit Agricole (France).

Bancassurance is a joint stock company established under the Code of Insurance with a paid-in capital of LBP 4.5 billion. CR no 75 309, Beirut.
Advantages
  • build up a capital progressively, at your own pace: you decide from the beginning the amount and frequency of your payments. The payments are automatically debited from your account to feed your saving amount
  • insure the future of your beloved ones
  • profit from an interesting remuneration: your savings plan will benefit from a very attractive annual rate of return thanks to the financial expertise of our specialists
  • benefit from a flexible plan: it allows you, at any time, to modify the guaranteed capital, the amount and frequency of payments as well as the period of the contract. You are able to stop temporarily the pre-planned payments without losing any of your acquired advantages, or you can make additional payments if you have an unexpected income
  • dispose of your savings: you can withdraw the totality or part of your savings amount without any penalties starting the fourth year, if needed
  • choose a suitable solution at maturity: at the maturity of your contract you can choose to collect the accumulated invested amount either in one payment, in annual payments spread over 10 years or in lifetime yearly payments
  • protect your family with the immediate payment of the insured amount in case of death: in case of disability, you will be the beneficiary of the insured amount