Ideal for medium to long term investors.
At any time the plan holder can:
- Switch investments between funds.
- Top-up the plan with more investments.
- Withdraw funds partially from the plan (minimum $750). Up to 10% of the invested amount can be withdrawn penalty free from the plan every year. If you do not withdraw your full 10% allowance in a specific year, you can carry the allowance on to the next year.
- Up to 104% allocation for larger investments.
- 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:
5.0% of bid value of the amount of withdrawal or partial cash-in, in excess of the 10% withdrawal allowance, in year one, reducing by 1.0% each year to nil after year five plus any outstanding establishment charges.
Max age of life assured at entry
- 79 years.
Free Bank account
- No minimum balance requirement on the bank account used to pay for the plan.
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. The Bank is licensed by the Central Bank of the UAE. Other terms and conditions apply.