Group Unit Linked Plan: Premiums

The premium or contribution per employee is set out in the Plan Rules.

The premium can either be: fixed, a percentage of salary, dependent on age, or any other scale acceptable to all parties.

Frequency of Premium
These are paid as preferred - monthly, quarterly, half yearly or annually.

Increasing, decreasing or stopping premiums
Premiums are allocated to the employee's retirement account based on the input supplied by the employer and so,

• to increase or decrease premiums for a particular employee the input should be amended appropriately, and
• to stop premiums for a particular employee no further input should be supplied

Minimum contribution, membership and other conditions may apply.