Opening Hours

8:00 am to 4:30 pm

+265 1 822 699

nicolife@nico-life.com

3 Stewart Street

Blantyre, Malawi

Annuities

NICO Life offers very competitive annuity rates on the market.

Various options are available at retirement which include the following:

  1. Guaranteed Periods of :-
    • 0 Year Guarantee - providing the highest pension that ceases immediately on death of a pensioner;
    • 5 Year Guarantee - providing a higher pension that is guaranteed for a minimum period of five years with the pension ceasing if death occurs after the 5 year guaranteed period.
    • 10 Year Guarantee - providing a high pension that is guaranteed for a minimum period of ten years with the pension ceasing if death occurs after the 10 year guaranteed period.
  2. 2. Self-funded Growth Pensions:-

    There is an option of electing a non-growth or growth pension as follows:-
    • Non-growth Pension - a pension that will remain constant throughout it's payment period.
    • Growth Pension - a pension that will grow by a specific percentage per annum selected e.g. 5%, 10%, 15% or 20%.

know Your Customer

NICO LIFE would like to request all our existing customers to update their details. We ensure that any regulatory developments are followed and that our processes are also updated accordingly.

All Rights Reserved © 2018 NICO Life Insurance Company Limited.

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