Pension & Retirement Savings Plan

Endowment Insurance

Endowment insurance is defined as flexible savings plans that can be adapted to all your requirements:

• You choose the duration, the amount, and the frequency of payments.
• When contract comes to a close, you can either opt for the payment of a capital, or benefit from a pension or even a combination of both.
• An additional accident cover may be added to the basic guarantee, which makes your contract one of the most comprehensive insurance plans.

Because your expectations differ from as others’, ASTREE has developed a range of customized products for you:

• Simple endowment insurance:
  "SIMPLE ENDOWMENT" insurance is a doubly-paid saving plan, including a contingency component, allowing you to protect your loved ones in case of unforeseen events. This is why ASTREE guarantees:
  

  • * At contract maturity, payment of the guaranteed life capital increased by all the profits
    * Before contract maturity :
    
    • On occurrence of a risk, payment of the guaranteed death benefit increased by all the profits.
    • In the event of a total and permanent disability of the insured, payment of the guaranteed death benefit increased by all the profits.

• Dynamic Endowment  insurance / Double Endowment Insurance
  «Double Endowment » insurance is a personal insurance policy which offers the same range of guarantees as the "Simple Endowment ", except for the paid premiums and the sum insured which increase annually by 5% for several reasons:
  
  • anticipating inflation so as to better enhance the value of your savings;
  • taking into account income growth;
  • having a more substantial insured capital

Advantages & Modus Operandi of an Endowment Insurance

With the premiums paid to ASTREE, you will benefit from a return on capital consisting of two components, namely:

• A minimum guaranteed rate for the entire contractual duration;
• A profit-sharing rate: ASTREE provides you with the opportunity to benefit from one of the best market returns (4,75% in 2015);
• The premiums paid are not subject to taxation;
• The paid-up capital at contract maturity is tax exempt;
• The capital paid in case of death is exempt from inheritance tax;

Endowment insurance is part of insurance plans whose premiums are deductible from income tax up to 10,000 dinars a year, regardless of the family situation of the policyholder.

ASTREE enables you yo take advantage of the experience of one of the first companies in the Tunisian insurance market, offering the best ratio, solvency and soundness wise.

To meet any urgent need of liquidity/ cash, ASTREE allows you to have:

• The entire cash value/ surrender value of your policy in accordance with the regulations in force;
• A down-payment on your policy

In order to help you keep track of the progress of your capital, ASTREE keeps you posted about the amounts of gained savings and bonuses/ profits through an annual detailed statement.

Every year ASTREE provides you with a pension statement to be presented to the tax authorities for all due intents and purposes.

Pension Plus Performance

You wish to:

• maintain your standard of living?
• fulfill your most ambitious projects?
• protect your family from unexpected events?

ASTREE provides you with « Pension Plus Performance»  « Performance Retraite Plus»,
an effective solution to help you mount your pension capital supplement and / or mount an investment for your loved ones “Pension Plus Performance”

"Pension Plus Performance" is therefore a secure and risk-free savings plan whose entire data are known beforehand, exhibiting a high degree of flexibility since you are the one who will choose the duration, the amount and the frequency of payments.

At the end of the contract period, you may either choose the payment of a capital, or benefit from annuity or even a combination of capital &annuity.

With “Pension Plus Performance”,  ASTREE guarantees comfortable retirement given that your payments have grown bigger in keeping with optimal safety and profitability conditions.

Advantages & Modus Operandi  of “Pension Plus Performance”

Through the paid premiums, you can benefit from a return on capital consisting of two components, namely:

• A minimum guaranteed rate for the entire contractual duration
• A profit-sharing rate: ASTREE provides you with the opportunity to benefit from     one of the best market returns (4,75% in 2015);
• The premiums paid are not subject to taxation;
• The paid-up capital at contract maturity is tax exempt;
• The capital paid in case of death is exempt from inheritance tax;

Pension Plus Performance is part of insurance plans whose premiums are deductible from income tax up to 10,000 dinars a year regardless of the civil status of the policyholder.

To meet any urgent need of liquidity/ cash, you can have:

• The entire cash value/ surrender value of your policy in accordance with the regulations;
• A down-payment on your policy (a loan)

In order to help you keep track of the progress of your capital, ASTREE will keep you posted about the amounts of gained savings and bonuses/ profits through an annual detailed statement.

Every year ASTREE provides you with a pension statement to be returned to the tax authorities

Why choose “Pension Plus Performance”?

* Five good reasons to choose «  Pension Plus Performance»:

• A savings plan tailored to suit your needs;
• Clear and smooth management;
• Having one of the best return rates of the market;
• An advantageous tax system of life insurance;
• The expertise of a pioneer life insurance company.