prs
Personal Retirement Scheme (PRS
Personal Retirement Scheme (PRS) is a contract through which you pay your personal contributions to build up a fund of money. Upon attaining retirement age, you have the following Options:
PROVIDENT FUND BENEFITS
- Take a portion of the fund as lump sum and purchase an annuity with the balance.
- Take the total fund as a lump sum
PENSION FUND BENEFITS
- Use the accumulated fund credit to purchase an annuity guaranteed for at least 5 years or an income draw-down
- Receive up to a third of accumulated fund credit in form of cash lumpsum and utilize the balance of fund credit to purchase an annuity guaranteed for at least 5 years or an income draw-down
4% per annum compound.
Our Investment return is in the form of a guarantee rate plus a bonus. The current minimum rate of return is 4% per annum compound.
Higher returns
Over the years our returns have been superior to market average.
Claims processed in 5 working days
Quick claims settlement; we endeavour to pay claims within 5 working days
Daily Interest
Interest is earned on a daily basis.
Leavers get paid
We pay balance of interest to leavers.
Accurate records
Accuracy of records is guaranteed. Member statements and fund balances are updated monthly.
Spreading the risk
To protect the interest and future of your employees and their families by spreading the risk.
Peace of mind
Your funds will be managed professionally by a private company.
Access to information
You will have direct access to an account manager of your scheme at call for any requests including facilitation of member trainings, industry updates, pre-retirement trainings, online access etc.
Download our brochure to Learn ​More About Milele
Powered by ICEA LION Group. All rights reserved.
This product is regulated by the Capital Markets Authority
