Retirement

INTRODUCING MYFUND

As you walk into a more relaxed phase of your life, walk in with confidence with the help of ‘My Fund’. A unique retirement fund builder assuring a stress-free retirement for you. ‘My Fund’ allows you to comfortably build your retirement fund while you are in stable employment. The fund can be started monthly, quarterly, semiannually or annually as per your preference. 

A life insurance benefit of Rs.500,000/- throughout the Premium Paying Period will be active while the policy is in force and a Hospital Benefit of Rs.500/- per day during premium payment period will also be applicable during this time. 

In order to be eligible for the policy, the applicant must be aged between 18 - 55 years. 

SPECIAL FEATURES: 

• MyFund account grows annually with the premiums paid and dividends declared by the Company. 
• Facility to increase the Retirement Fund by adding more investment blocks. Premium for each additional block : Annually - Rs 6,000/-, Half yearly - Rs 3,000/-, Quarterly - Rs 1500/-, and Monthly - Rs 500/-. Any number of blocks can be included at any time during the period. 
• Fund value at maturity (Retirement Fund) is paid as a lump sum. 
• SUMMARY OF MYFUND 
• Maturity - Fund Value 
• Death before maturity (Natural Death) - Sum Assured + Fund Value + Additional Life Benefit 
• Death Before Maturity (Accidental Death) - Sum Assured + Fund Value + Accidental Death Benefit + Additional Life Benefit 
• Fund value can be enhanced by adding additional blocks worth of Rs.500 each 

More information can be obtained from the nearest HNB Assurance Branch or calling Assurance Line 1301.

Refer to the policy document for benefits, exclusions, terms & conditions*