Investment plan

Pension & Savings Plans

SPECIALLY DESIGNED FOR TAX EXEMPTION

TAKE ADVANTAGE OF THE INVESTMENT OPPORTUNITIES WE OFFER AND PUT ASIDE ALL YOUR CONCERNS!

Assuring your future standard of living, as well as financial independence, can ensure you a more comfortable and quality life!

Supplement your pension or income with our Pension or Savings Plans, designed especially for you.
Trust us, and face the future with confidence and assurance, starting today!

Prime Advantage is a new Unit-Linked insurance product offered by Prime Insurance, that combines both the potential for high investment returns and the maximum possible tax relief.

Prime Advantage is an Investment Plan, designed to offer death cover exclusively due to an accident, thus offering the possibility to maximise the premium amount invested, by minimising the premium charges allocated for insurance cover.

The Investment Plan is offered both to healthy consumers, and consumers having health problems, who could not have access to an insurance cover combined with tax relief benefits.

Contact Mr. Charalambos Agathaggelou in Paphos, and learn everything you need to know about our competitive & affordable packages.

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Main features of Prime Advantage:

Accidental Death Insurance Cover up to €300.000

Maximum age 70 years of age on commencement and 80 years at expiry

Affordable minimum premium

High investment rate - up to 102% of the premium invested

Guaranteed Free Investment Units

Possibility of maximum tax relief according to the tax rate bracket of the customer

Placement of the premiums invested in any of Prime Insurance's internal investment funds

Possibility to buy additional investment units

Ability for inflationary adjustments

Monthly, quarterly, semi-annual and yearly payment options

Temporary total incapacity by accident

This benefit covers the risks of temporary total incapacity of the insured, due solely to an accident.

Frequently Asked Questions

Are the fees I pay exempt from Income Tax?

The fees payable are tax exempt under the following conditions: (a) The tax exemption depends on the rate at which you are taxed. (b) The insurance cover should be 15 times the annual premiums. Insurance premiums related to Medical Care are subject to a deduction from Income Tax up to the amount of 1.5% of earnings. (c ) Insurance premiums payable together with contributions to the Social Insurance Fund and approved Pension and Health Funds must not exceed 1/5 of the taxable income. (d) Since 2002 the life assured and the owner must be the same person.

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