Summit gives you access to the world’s leading investment specialists and funds with sound investment performance that invest in world’s fastest growing economies.
Invest in up to 10 funds at a time, from a choice of over 200. Choose your plan currency from USD, GBP or EUR.
Manage your investment according to your needs.
At any time during the plan you can:
- Switch investments between funds
- Top-up the plan with more investments
- Withdraw funds partially from the plan (minimum $750) - up to 90% of the total invested amount, penalty free at any time during the first five years. After the first five years 100% of the plan bid value can be withdrawn without penalties
Enjoy a better return with an annual loyalty bonus – the longer you save, the better the bonus.
Bonus paid annually at the following rates:
- 3-5 years = 0.5% of bid value
- 6-10 years = 0.75% of bid value
- 11+ years = 1% of bid value
Payment and charges
Investments can be debited from the nominated bank account. The account has no minimum balance requirement.
Main fees and charges:
- Administration charge: 1.2% each year, debited directly to your unit value on the valuation day
- Establishment charge: 0.4% each quarter (1.6% each year) of the premium for the first five years
- Surrender charges: Outstanding Establishment charges only
- In order to invest in Summit, you will need a minimum investment of $37,500.
- Maximum age of at least one life assured at the time of entry should be 80 years at next birthday.
Disclaimer: The plans are distributed by the Bank and underwritten by Friends Provident International. As with most investments, the value of your investments can go down as well as up. It is suggested that you take independent financial advice before investing in the product. The information contained on this web page is intended for general consumer understanding only. Our Bank is licensed by the Central Bank of the UAE. Other terms and conditions apply.