NICO Life offers very competitive annuity rates in the market. Various options are available at retirement which include the following:

1. Guaranteed Periods of :-

a) 0 Year Guarantee - providing the highest pension that ceases immediately on death of a pensioner;

b) 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.

c) 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. Self-funded Growth Pensions:-

There is an option of electing a non-growth or growth pension as follows:-

a) Non-growth Pension - a pension that will remain constant throughout it's payment period.

b) Growth Pension - a pension that will grow by a specific percentage per annum selected e.g. 5%, 10%, 15% or 20%.