What is Pasargad Retirement Insurance?
This insurance is one of the strongest life insurances available in the country, which by introducing various types of insurances for different jobs and fields, has been able to attract more insured people. Pasargad Retirement Insurance, which is a subset of life insurance, is one of the plans that Pasargad Insurance Company has presented with the aim of reducing the anxiety and worry of people in the field of retirement treatment. Providing daily life expenses, medicine and treatment expenses, buying and replacing household items and dowry are some of the concerns that are covered in retirement life insurance. Now you may ask, what are the benefits of getting this pension insurance? Also, how much is the Pasargad insurance pension?
Pasargad Retirement Conditions
Pasargad pension insurance plan is available for all people from birth. In general, Pasargad pension insurance has two different periods.
First Pension Insurance course:
This period is the same as the current conditions of Pasargad life and future insurance policies, and the minimum capital formation period is 5 years and the maximum is 30 years. During this period, the insured must pay an amount monthly, quarterly or annually to Pasargad Insurance Company. In this period, the insured person is covered under the following:
Payment of compensation in case of death for any reason
Payment of compensation for death due to accident
Coverage for disability caused by an accident
Capital payment in case of disability
Coverage for specific illnesses
Exemption from paying insurance premiums in case of disability
Fire insurance and home protection
Covering medical expenses caused by the accident
Second period of retirement insurance or pension payment
After the insurance premium payment period ends, the insured person will be able to receive the pension amount between 5 and 35 years. In addition, if the insured dies during this period, 100% of the capital limit of the last year will be paid to his family. In case of hospitalization during this period, the additional treatment coverage of Pasargad insurance includes the insured.
In general, the sum of the two time periods should not exceed 50 years. In addition, the total sum of these two periods with the insured age should not be more than 90 years.
What diseases are covered by Pasargad life insurance?
In general, 5 categories of diseases are covered by this type of insurance, which include:
Types of cancer
heart attack
stroke
Open heart surgery
Transplantation of main body organs
How old is Pasargad's Life Insurance Retirement?
The insurance premium payment period for people is at least 5 years and up to 30 years, during which you can benefit from different insurance policy coverages. Also, after the end of the insurance premium payment period, you can receive a pension, and the longer the insurance premium payment period is, the higher the amount of your pension will be.
What are the benefits of Pasargad retirement insurance?
The benefits that Pasargad pension insurance has provided for the insured have made it known as one of the best investment insurances for old age and disability. Pasargad pension insurance benefits include the following:
Covering specific diseases
The retirement period is associated with old age and illness; Diseases that require a lot of money to treat and control. Expenses that are not covered by normal pensions and even social security pensions. The problem is that sometimes some common diseases are not covered by normal insurance. Here, Pasargad pension insurance with coverage of special diseases of life insurance has become an important step in reducing people's worries during retirement and disability after that. However, many other people are not even able to work after 30 years.
Pasargad Life and Investment Insurance covers special diseases up to the age of 60 and up to 30% of life insurance up to 150 million. Diseases such as:
Stroke and heart attack
Cardiovascular surgery
Having various types of cancer
Organ transplantation is one of the special diseases that are covered by this insurance.
The most important advantage and reason for buying Pasargad pension insurance is the coverage of special diseases and disability for the retirement period. This benefit is in addition to the pension that is paid from the life insurance side.
Get a loan
The insurer can receive a loan from the company up to 90% of the redemption value of his insurance. One of the most important advantages of getting a life insurance loan without a guarantor is that the pension insurance coverage will not be interrupted.
Investment Deposit
Another benefit of Pasargad life insurance and retirement is in determining a certain amount as a deposit in life insurance. The interest rate of this deposit is 16%. In addition, a building fire insurance policy will be given to the policyholder free of charge from Pasargad Insurance. This coverage will exist until the end of the life insurance.
Specify the beneficiary
The insured person can nominate people as life insurance beneficiaries to benefit from pension insurance benefits. Of course, during the lifetime and death of the insured person, 1 and (up to) 6 people can be beneficiaries, respectively.
Insurance redemption
Since Pasargad pension insurance is a subcategory of life insurance, the main benefits of both are the same. The insurer can request redemption at any time and before the retirement date. He only has to pay 6 months of his insurance premium. Also, the cost of fees and administrative activities will be deducted.
