The Senior Citizens Investment Plan is a medium-term financial investment plan that guarantees a senior citizen or retired person a generous income on his or her investment. The period of investment is either three (3) or five (5) years and the income is fixed.
Terms and Conditions:
The Plan is intended for ‘retirees only’.
Funds invested in the Plan cannot be withdrawn before the expiry date.
The investor will be required to stipulate what should be done with the proceeds should the worst happen to him/her before the expiry date.
The investment may be used as security for loans.
The investment must be no less than $5,000.