Bahrain insurance firm offers pension scheme for NRIs

Dubai, June 1: Bahrain-based Fakhro Insurance Services has come up with a plan offering pension scheme for non-resident Indians working in the six-nation Gulf Cooperation Council countries.

The company's Life Time Pension II programme is a regular-premium, unit-linked retirement solution offering flexible annuity options, and ensuring customised choices to suit the need of the insurer on retirement.

With five different annuity options to choose from, insurers have the flexibility that include deferring the start date of annuity until the age of 75 years, or taking annuity from any other players in the insurance industry, with the help of the open market option.

UNI