PERSONAL
RETIREMENT PLAN
What defines MUA’s Retirement Plan

A well-planned retirement will ensure financial peace of mind for you and your family. MUA’s Retirement Plan aims to provide you with a lump sum at the time of retirement which you can use to supplement your income and anticipate unforeseen expenses. The plan allows you to benefit from a tax-free income (under current legislation) at an important milestone in your professional life, giving you the means to retire without major changes in your quality of life.

CHARACTERISTICS

Affordable and flexible: minimum monthly contribution of Rs.500 and additional voluntary single premium top-up possible

Early withdrawal possible at any time (fee applies – see terms & conditions)

Lump sum at the age of 55, 60 or 65

Optional Financial protection in case of Death, Total and Permanent Disability or Waiver of Premium

The advantages of MUA’s Retirement Plan


Tax free lump sum payment at maturity

  • You have the choice between 4 funds available, depending on your savings objectives and your risk tolerance.
  • Defensive Fund
  • Balanced Fund
  • Dynamic Fund
  • International Fund


Flexibility

  • Additional Voluntary lump sum contribution allowedIncrease your monthly contribution anytime as your retirement objectives evolve and your budget allows
  • Capital guaranteed if you choose to invest in our Defensive Fund.


Loyalty Bonus

  • You will receive a bonus after 10 years and every 5 years thereafter – only applicable to the Balanced or Dynamic Fund


Additional advantages

  • Optional Cash advance and loan on your policy.
  • You can opt for an automatic annual escalation of your contribution.
  • Pledge for a loan (conditions apply)
FUNDS
  • DEFENSIVE
  • BALANCED
  • DYNAMIC
  • INTERNATIONAL
DEFENSIVE

 

INVESTMENT OBJECTIVES

The fund seeks to earn better returns than the savings rate offered by commercial banks while seeking to preserve capital and limit volatility. The portfolio is invested in a diversified manner in secure financial instruments. The fund may also have a small exposure to local equities to boost the fund's return.


ALLOCATIONS

CALENDAR YEAR
PERFORMANCES
2017 2018 2019 2020 YTD
FUND 6.6% 6.6% 5.9% 7.1% 3.1%
BENCHMARK 6.0% 5.5% 2.6% 0.8% 1.7%
BALANCED

 

INVESTMENT OBJECTIVES

The fund seeks to achieve medium to long-term capital appreciation with a balanced risk strategy. The value of the portfolio will rise and fall with volatility. The overall exposure of the portfolio is diversified across different asset classes: domestic and foreign equities, fixed income instruments, real estate and secured loans.


ALLOCATIONS

CALENDAR YEAR
PERFORMANCES
2017 2018 2019 2020 YTD
FUND 11.2% 3.2% 9.2% 4.4% 5.4%
BENCHMARK 13.1% 1.5% 6.5% -5.4% 4.1%
DYNAMIC

 

INVESTMENT OBJECTIVES

The fund seeks to achieve competitive long-term returns and is suitable for investors with a high tolerance for risk. The value of the portfolio may rise and fall significantly in response to fluctuations in the financial markets. The fund invests in a diversified manner in different asset classes, with an emphasis on local equities and foreign assets. The fund may also invest in fixed income instruments to provide some protection against volatility.


ALLOCATIONS

CALENDAR YEAR
PERFORMANCES
2017 2018 2019 2020 YTD
FUND 16.0% 1.5% 4.3% -3.3% 7.2%
BENCHMARK 17.0% 0.1% 6.2% -10.1% 5.5%
INTERNATIONAL

 

INVESTMENT OBJECTIVES

The fund’s objective is to provide attractive capital appreciation over the long-term. To avoid excessive volatility overtime, the strategy is to hold a mix of foreign assets, with a focus on managed funds invested into diversified equities, fixed income securities and currencies. The Manager follows a philosophy of active asset and geographical allocation, based on its expectation of global economic and market performances.


ALLOCATIONS

CALENDAR YEAR
PERFORMANCES
2017 2018 2019 2020 YTD
FUND 18.6% -6.8% 18.6% 29.0% 0.6%
BENCHMARK 15.3% -0.7% 17.3% 10.8% 2.9%
Monthly Saving
Planner

Would you like to know how much to set aside each month to concretize your project or complete your retirement?


Calculate, the amount of the monthly payments necessary to obtain the desired capital according to the chosen profile.

FOR MORE INFORMATION

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