New innovative Occupational Pensions Plan from EuroLife

For the first time in the Cyprus insurance market

Today, October 15, EuroLife announced a new, pioneering, innovative and flexible Occupational Pension Plan for the Cyprus market.

The plan’s characteristics and the way it works were presented during today’s press conference which was addressed by EuroLife’s General Manager Ms. Artemis Pantelidou and the Institutional Clients and Strategy Manager Mr. Avraam Pekris.

According to Ms. Pantelidou, the new plan, which is introduced to Cyprus for the first time, offers several options and many benefits to participants (employers and employees). It is also expected to bring drastic changes to the Cyprus occupational pensions sector.

Speaking about the important advantages for those participating in EuroLife’s Occupational Pensions Plan, she said that these revolve around the development of a new flexible product, strengthening saving for those joining, ensuring the best possible living standards after retirement, and cooperating with a reliable administrator like EuroLife.

In his speech, Mr. Avraam Pekris presented the details of the plan and said that companies deciding to join may set their own criteria for the inclusion of their employees in the EuroLife Occupational Pensions Plan, plus set the level of contributions.

Referring to the benefits for employees who wish to participate in the plan, he said that “the plan is a money box that is specially designed to provide an income during retirement”. He stressed that the plan provides great flexibility so that it can be adapted to each employee’s current needs and desires.

Mr. Pekris also elaborated on EuroLife’s expertise in investment management, saying that over time the company has developed a successful investment approach that focuses on optimum diversification, proper medium- to long-term investment moves, assessment of investment risks based on international practices and strict internal investment procedures.

EuroLife once again leads the way and proves its innovative approach and involvement in the country’s insurance market.