Lebanon Bankmed : Retirement Savings Plan
Name of the Organization : BankMed
Type of Facility : Retirement Savings Plan
Country : Lebanon
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Website : http://www.bankmed.com.lb/Personal/MedPlans/RetirementSavings.aspx
Retirement Savings Plan :
Whatever your dream may be, MedPlan can help turn them into reality – One step at a time, one day at a time.
Related : Bankmed Apply For Housing Loan Lebanon : www.statusin.org/5869.html
BankMed and AXA MIDDLE EAST have jointly developed a variety of Retirement Plans catering to your individual needs and financial expectations.
Why Retirement Savings?:
Secure your retirement years starting today.
It’s Never Too Late To Start Planning Your Retirement:
This insurance plan allows you to build up a cash value for your retirement, providing you with peace of mind, by securing an appropriate standard of living after retirement. It also protects your beloved ones if unexpected claim, Death, and Total Disablement, happened to you, during the coverage period.
Advantages:
** You can benefit from this plan if you’re between 18 and 60 years.
** No fixed period is required. You can choose when you want to retire, till you reach the age of 75 years.
** You can choose the frequency of payment that suits you best: Monthly, Quarterly, Half Yearly, and Yearly.
** Minimum Monthly contribution is $25.
** Minimum Sum Assured: $10,000
** You also have the option of protection against inflation, you can choose the annual indexation rate that suits you best from 1% to 10% applicable on the contribution.
** Flexible contract: You also have the option to increase or decrease the periodical contribution. Or in case your income increases, you can boost your investment with exceptional amounts at any time.
** Your saving plan will benefit from a minimum guaranteed rate of 4% per year applicable on your periodical contributions.
** You can withdraw total or part of your accumulated account without penalty starting the 5th year.
To learn more about planning for your retirement, please contact BankMed call center on 01-70 80 90, available 24/7 to answer all your questions, or visit one of our branches.
FAQs :
How far can I view my bank account transactions?
For Checking Accounts, Savings Accounts and Loans, you can you can view the transaction activities that you have performed during the last 12 months.
Can I transfer to beneficiaries having accounts in or outside Bankmed through MedOnline application?
You can transfer from your Bankmed account to any beneficiary account locally or abroad.
What is the value date of the transfers I execute through MedOnline?
The value date of the transfers performed through online are listed as follows :
Accounts within Bankmed : same day value date
Accounts outside Bankmed : within 2 days whereby you will receive a confirmation about the transfer
What are the different types of Transfers and payments available?
** Transfer funds from your Bankmed account to any other bank account in the world
** Transfer funds from your Bankmed account to any other bank account in Bankmed Lebanon
** Transfer funds from your Bankmed account to any other account in Bankmed
** Settle your credit card or any other loan payment
** Set up a standing order within Bankmed or with any other Bank in Lebanon
How can I add my beneficiary accounts?
Adding beneficiary accounts is unlimited. There are two types of beneficiaries for funds which are :
** another Bankmed customer
** non-Bankmed customer