Maash Bokra in USD” the first of its kind digital pension policy in for Egyptians living abroad, in partnership with National Bank of Egypt. This policy gives you the power and control for a carefree tomorrow. With “Maash Bokra in USD” pension policy you can set your own premium amount and payment periods without having to worry about when the next payment is due.
For a more detailed real-life example about the policy and pension amount expected, below is an example for a 30 years old, when paying a premium once or monthly and with different options. Knowing that the pension amount is an illustrative example in the example below:
Age | 30 |
First Base Premium | 500$ |
Monthly Premium | 500$ |
Eligibility age | One Time Pension | Monthly Pension/10 yrs | Monthly Pension/15 yrs |
50 | 149,508 | 1,437 | 1,027 |
55 | 199,416 | 1,917 | 1,370 |
60 | 254,364 | 2,445 | 1,748 |
65 | 313,380 | 3,013 | 2,153 |
• Maash Bokra In USD plan is an insurance plan that provides protection and savings to obtain a guaranteed retirement lump sum or monthly pension as per your choise.it is an exclusive plan for National bank of Egypt customers only.
Maash Bokra pays a retirement amount, where the policyholder chooses between three payment options at maturity:
• A-one lump-sum payment
• B-guaranteed pension payments for 10 years or
• C-guaranteed pension payments for 15 years
Maash Bokra In USD policy enters a semi-annual draw; the prize is an increase of 75% of the retirement amount or the pension payments.
The prize amount is paid at policy maturity date under the original agreed upon terms of payment
Maash Bokra In USD policy is issued with a payment of a single premium only and the customer can pay the premium at any time during the term of the policy.
The minimum entry age of the life insured is 18 years and the maximum entry age is 59 years.
• The customer can purchase one policy for each maturity age with a maximum of 2 policy for each client, for example if the client is 40 years, he can purchase 2 policies only for maturity age (50, 55)
The minimum premium payment is USD 500 and the maximum is USD 10,000 per policy during the year.
No medical Checkup is required for Maash Bokra policy for any age or Sum insured amount
After the completion of one policy years, you may surrender your policy. In case you decide to surrender Maash Bokra in USD policy, the surrendered amount is calculated for each single premium paid separately, starting the second year, surrender value will be payable as follows:
These percentages apply to each premium payment separately.
Maash Bokra is the first of its kind pension policy in Egypt that gives you the power and control to secure a carefree tomorrow. The latest pension policy launched by Misr Life Insurance is available exclusively to customers of the National Bank of Egypt. With Maash Bokra pension policy you can set your own premium amount and payment periods without having to worry about when the next payment is due.
For a more detailed real-life example about the policy and pension amount expected, below is an example for a 30 years old, when paying a premium once or monthly and with different options. Knowing that the pension amount is an illustrative example in the example below:
Age | 30 |
First Base Premium | 500$ |
Monthly Premium | 500$ |
Eligibility age | One Time Pension | Monthly Pension/10 yrs | Monthly Pension/15 yrs |
50 | 149,508 | 1,437 | 1,027 |
55 | 199,416 | 1,917 | 1,370 |
60 | 254,364 | 2,445 | 1,748 |
65 | 313,380 | 3,013 | 2,153 |
Maash Bokra In EGP plan is an insurance plan that provides protection and savings to obtain a guaranteed retirement lump sum or monthly pension as per your choise.it is an exclusive plan for National bank of Egypt customers only.
Maash Bokra pays a retirement amount, where the policyholder chooses between three payment options at maturity :
• A-one lump-sum payment
• B-guaranteed pension payments for 10 years or
• C-guaranteed pension payments for 15 years
Maash Bokra In EGP policy enters a semi-annual draw; the prize is an increase of 75% of the retirement amount or the pension payments.
The prize amount is paid at policy maturity date under the original agreed upon terms of payment
Maash Bokra In EGP policy is issued with a payment of a single premium only and the customer can pay the premium at any time during the term of the policy.
The policy is not canceled, nor does it reduce in value if the customer does not pay additional installments.
The minimum entry age of the life insured is 18 years and the maximum entry age is 59 years.
The customer can purchase one policy for each maturity age with a maximum of 4 policy for each client, for example if the client is 40 years, he can purchase 4 policies only for maturity age (50, 55,60,65)
The minimum premium payment is EGP 500, and the maximum is EGP 120,000 per policy during the year.
No medical Checkup is required for Maash Bokra policy for any age or Sum insured amount
After the completion of one policy years, you may surrender your policy. In case you decide to surrender Maash Bokra In EGP policy, the surrendered amount is calculated for each single premium paid separately, starting the second year, surrender value will be payable as follows:
These percentages apply to each premium payment separately.