OREANDA-NEWS. July 16, 2012. NOMOS-BANK is launching a new pension insurance programme for customers of its premium banking services jointly with Generali PPF Life Insurance, reported the press-centre of NOMOS-BANK.

The “Grande” programme is a flexible financial instrument for pension saving, by which the customer receives payments over and above his state pension when he or she reaches retirement age. Accident insurance can be included in the package at the customer’s request.

A major advantage of the programme is that the insurance contract can be finalized on the day of application to the Bank, without a lengthy risk assessment procedure.

“A particularly popular option among customers is use of our Premium and Grande programmes one after the other, so that the customer first accumulates capital and then receives regular payouts,” said Dmitry Domarev, head of the Premium Banking Department. “For example, after expiry of the Premium programme, the customer can transfer his savings to the Grande insurance programme and receive monthly interest payments. This gives a substantial addition to his or her pension and constantly increasing income, because the money continues to work through the Grande system.”

Customers who make a contract also obtain the right to a 13% tax deduction on sums used for pension savings.