- Designed for members of other pension schemes and those without a pension scheme.
- Contributions to this policy type are tax deductible.
- Can come as a with life cover or non-life cover endowment.
- Benefits are paid out in conformity with pension laws.
- Boosts pension earnings for those on another pension scheme.
- Creates retirement income for individual which are not on any pension scheme e.g. sole operators in the informal sector.
- Can convert to a source of liveable income to surviving dependents on premature departed policyholder.