Arabic

Personal Banking

Aman El Omr‎

Retirement Savings Program

Everyone of us looks forward to a promising, secured and relaxed future…have you ever thought of how to maintain a satisfactory standard of living that covers your needs when you reach the retirement age?

Arab Bank – Egypt in corporation with Allianz Life Insurance offers you “Aman El Omr” Savings Program, which enables you to save for a future, that would guarantee comfort and ease of mind following your retirement.

Illustrative Example:
Ashraf is 30 years old. He is worried about what his life would look like after retiring, therefore he decided to set aside EGP 400 from his monthly income to join in “Aman El-Omr” Savings Program. He shall increase his savings by 5% to meet up with any economical inflation.. He has determined the amount of EGP 300,000 to protect his family and loved ones and has chosen to retire at the age of 60 [i.e. 30 years contract period]. Through this program Ashraf shall obtain about EGP 798,287, (calculated at 8% annual profit rate) and EGP 1,098,330 (calculated at 10% annual profit rate).

In addition to and in case of death or disability – God Forbids – during this period “Aman El-Omr” Savings Program shall pay the insurance amount of EGP 300,000, agreed upon, or the total investment amount (either bigger).

Advantages & Benefits of this Program:

  • High earnings on the investment amounts in accordance with the annual distribution profit rate announced and published by Allianz Life Insurance – Egypt each year . The earlier announced profits for the previous years were as follows:

  • Protection of your investment amounts against inflation with a variation rate between 1% and 7%.
  • Possibilty to choose the currency of the program ; Egyptian Pound ‘EGP’ or U.S. Dollar.
  • Flexibility of payment, directly deducted from your account at the Arab Bank with no extra charges.
  • Ease of amending payments every year in accordance with the customer’s wish.
  • Optional: Guaranteed cash amount to be paid in case of natural total disability or as result of an accident.
  • Saved amounts subject to tax exemption in accordance with the Egyptian Tax Law.

Provisions of this Program:

  • The insured should be a customer of Arab Bank – Egypt.
  • The age of the insured should be between 18 to 60 years.
  • Minimum monthly premiums that start from EGP 100 or 20 USD.

For more information, please call our customer contact center on 19100.

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