Why should I have a GenT Retirement Plan?
While saving extra money for retirement, you live peacefully as you have a life insurance.
The core component of this plan covers the risk of death from any cause, anywhere in the world. But for even more protection, you can attach additional insurance and options.
Characteristics of the GenT Pension Plan
Below you will find the main aspects you need to meet in order to benefit from the GenT Pension Plan, but also what it includes.
Between 18 and 60 years old.
Duration of the contract
Minimum 10 years, maximum until the age of 75.
More precisely, the period between the moment of concluding the insurance contract and the retirement age (not earlier than the age of 55 of the insured).
The amount insured at death
You choose it, respecting a minimum value. It is a guaranteed benefit, regardless of the evolution of the value of the individual insurance account.
The value of the premiums
You choose it, depending on your income and needs.
Monthly, quarterly, half-yearly or annually.
If the death occurs within the premium payment period, the designated beneficiaries or legal heirs will receive the insured amount, plus the value of the investment account at that time. In case of disability, we take over the payment of premiums.
Depending on how cautious or risk-oriented you are, we make recommendations to you, and you choose the investment programs in which you want your money to be placed.
With additional insurance you benefit from extra protection and financial support in other unforeseen situations.
Do you still have questions? No problem!
You are where you need to be, because here we have selected and answered the most frequently asked questions.
What is the amount I receive at the end?
From the premium of the investment, fund units will be bought in the investment programs you choose, with the help of your NN consultant, at the beginning of the contract. At the time of signing the insurance contract, you will have an estimate of the final amount depending on the degree of risk assumed and the returns of the chosen investment programs, and annually you will be informed about the updated value of your account.
Remember that, during the contract, you can choose to redistribute the amount allocated to the investment among the programs you have chosen, you can direct the money to new programs or you can transfer the entire amount accumulated to other investment programs.
You can also increase or decrease the value of the investment premium and the insured amount.
Can I stop paying the premiums and then resume it?
For this type of insurance contract it is not possible to temporarily interrupt the payment of premiums.
What risks does the GenT pension plan cover?
If the death occurs within the payment period of the premiums, the beneficiaries will receive the insured amount plus the value of the account at that moment. If disability occurs during this period, NN takes over the payment of premiums.
What is the annual minimum for investment?
The minimum limit of the annual premium for investment is 1,700 lei (for contracts with a duration of less than 12 years) and 1,300 lei (for contracts with a duration of at least 12 years). You can decide how often you can pay the insurance premium: monthly, quarterly, half-yearly or annually.
Is the insured amount updated according to inflation?
On each Anniversary (your NN Consultant will notify you when this annual meeting takes place), you have the right to increase the amount of the Insurance Premium and, consequently, the amount of the Insured Amount, by an amount dependent on the inflation rate, established by the Insurer.
No further assessment of your health will be required for these increases.
Why does NN not take the investment risk?
Any investment contract involves a degree of risk. As a partner in your investment program, NN (through its consultants) will help you to profile your risk appetite and, based on this, will advise you in allocating the investment premium between several programs that match your risk profile.
Să plătești polița de asigurare NN e la fel de simplu ca achitarea unei facturi la telefon sau electricitate. O poți face relaxat, acum mai simplu și rapid, prin intermediul aplicației NN Direct. Tot ce trebuie să faci este să descarci aplicatia de aici sau să o actualizezi.
More details in the dedicated documents
Contractual conditions or essential information, here you will find useful documents for the GenT Pension Plan.