COMPLEMENTARY RETIREMENT GROUP
|Product Name||Group Supplementary Retirement Insurance|
|Object|| The contract is underwritten by a company (the Contractor) for the benefit of its staff. It guarantees in case of :
Exclusion of a member
| Any employee of the Contractor aged between 18 and 60 having completed and signed the application form validated by the Contractor .
Unless reluctance, omission or misrepresentation an insured can not be removed from the insurance as long as he is a member of the group’s insurable workforce and provided his premium has been paid.
|Contract length||For each insured, the duration of the contract is equal to the difference between his retirement age and his age at subscription.|
| The overall annual premium of the contract is determined by applying the prime rate to the total gross annual salary of the insured .
The annual premium rate shall be fixed by the Contractor.
The annual premium of the contract may be :
Premiums are payable annually . However, they may at the request of the Contractor be paid monthly, quarterly or semi-annually.
The subscriber has the option to pay the premium by direct debit, or by check.
|Guaranteed capital||The amount of the guaranteed capital is fixed in the Special Conditions. It is determined , for each insured, by the capitalization at the technical rate of premiums paid over the duration of the contract.|
| Total surrender
|The aggregate redemption is possible at the request of the Contracting when the insured has contributed three annual premiums.|
|Information of the member|| The company is committed to :
|Termination of guarantees|| Contract guarantees cease :
– At the end of the contract
– In the event of death or permanent total disability
– If the relationship between the insured and the employer breaks
– In case of termination of the Agreement