Annuity Insurance Plan

GI Annuity Plan is a policy through which prospective policyholders or retirees can convert a lump sum of money into an immediate or deferred regular streams of income payable for life.

How it works

• You can buy the IGI Annuity Plan with the proceeds of your Retirement Savings Account(RSA) from your Pension Fund Administrator or any lump sum of money at your disposal
• You can choose a plan that will pay a constant/flat amount or the one that increases by 5 or 10% per annum for the rest of your life
• The policy incorporates a guaranteed period of 10years; If the annuitant dies within the first 10years, annuity will continue to be paid to the named beneficiary until
  the expiry of the 10year period or a discounted lump sum will be payable
• You can choose to have your money paid to you monthly, quarterly, half yearly or yearly.

Choose IGI's Personal Annuity Plan and benefit from the financial strength of one of Africa's frontline insurers.

Flexibility

From the beginning, you can choose

• to purchase an annuity amount that is fixed or increasing at every policy anniversary
• to purchase a plan that participates in the profits of the fund
• how frequently you want to be paid
• you can increase your purchase amount at any time should you want a higher annuity value.