Group Pension Plans enable employees or participants to have an additional income during their retirement and to maintain their lifestyles, in addition special advantages are available to corporate customers.
- Employer Sponsored Pension Plans:
A group pension plan with the employee being the participant is a pension contract executed between the pension company and the employer for the benefit of the employee.
- Group Personal Pension Plans
Pension contract executed between the pension company and the participant. An employee’s group pension plan does not involve an employer’s contribution and the employees and the participants may contribute to the plan on voluntary basis.