Gold Savings Program - customer
Gold Program
The gold saving & protection program provide financial fixed protection in case of death, you can add accidental death riders to improve protection while saving for your retirement.
|
Minimum Age at Entry |
18 |
| Maximum Age at Entry | 65 |
| Maximum Age at Maturity | 70 |
| Minimum Term (Years) | 5 |
| Maximum Term (Years) | 25 |
|
Minimum Premium (Monthly) |
SAR 500 |
|
Sum Covered |
(SAR 150,000) Level |
|
Additional Benefits / Riders |
Accidental death benefit only |
|
Basic Death Benefit |
The higher: |
|
Amount of Benefit in the Maturity Date |
The amount equal to the balance of the policyholders' investment account |
|
Surrender Charge |
100% of the fund value during the first 12 months |
|
*Investment Strategies Option |
*Balanced portfolio only |
(*) Balanced Portfolio Strategy (BPS):
This strategy and is a mixture of defensive and aggressive strategies.
• An investment charge is applied as a percentage of the balance in the policyholders' investment account.
• The unit prices quoted to the policyholder are always a net amount of the investment management charge.
Investment strategies are managed by the Alinma Investment Company, through a private agreement for the management of investment funds allocated to it. For additional information about the Alinma Investment Company, please visit their website www.alinmainvest.com