Self Service
Group Pension Scheme
A Group Personal Retirement Plan is a collection of personal pension plans usually provided by employers for their employees.
What we offer
Group Pension Scheme:
- Established by the Employer for the benefit of employees
- All employees eligible to join
- Defined contribution scheme
- Employer contributory rate – (eg. 10%, 15% etc)
- Voluntary employee contribution rate– (eg.5%, 10% etc)
- Guaranteed Interest of 5% p.a.
Within the Group Pension they are two types of schemes:
- Occupational Pension Scheme
Employer will have to appoint a registered board of trustees.
Umbrella Pension Scheme
Jubilee Life Insurance Corporation of Tanzania act as a Trustee.
Benefits
Benefits
No set up fee
Minimum guaranteed returns on investment is 5%.
Supplementary scheme and not a replacement of mandatory contribution.
Returns are net of withholding taxes
RETIREMENT - now life begins! Our job is to help you choose the right insurance cover for you so that you may Live Free!