BankMuscat, Oman’s largest lender, has launched the Themaar
Retirement Savings Plan that offers flexible options and
rewards.
The Themaar Retirement Savings Plan will allow
customers to choose the monthly deposit amount, savings term,
pension amount and pension term, depending on convenience and
financial ability.
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The new retirement plan will also aim to
provide guaranteed bonuses, chances to participate in al Mazyona
prize draws, and 10 holiday packages every year.
In case of the customer’s death during the
Themaar Retirement Savings Plan term, BankMuscat will waive future
outstanding deposits from the customer and pay the monthly pension
amount to the beneficiary or family members for the term initially
specified by the customer.
Sulaiman al Harthy, group deputy general
manager at BankMuscat, said, “Many people fail to plan for the
future and save toward their retirement years. The primary
objective of Themaar retirement plan is to provide retirement
security. With a long-term perspective, Themaar helps customers in
judicious retirement planning.”
BankMuscat launched the Themaar Higher
Education Savings Plan in October 2010. Themaar Retirement Savings
Plan is open to citizens and expatriates.
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