Universal Life was the first insurance company to introduce group insurance in the Cypriot market in 1971. With more than 50 years of experience, Universal Life has played an instrumental role in shaping the group insurance industry experience. The company recently announced the new PensionPLUS Occupational Retirement Plan which belongs to Class VII, "Class responsible for the management of group pension funds" and is supervised by the Superintendent of Insurance Companies.    

PensionPLUS is a pioneering contemporary group retirement plan under which the employer and the employee are contributing in order to supplement the employee’s retirement needs through systematic savings and investment. Through many years of proven credibility and expertise, in group insurance and investment management, Universal Life provides an exceptionally comprehensive and flexible retirement and investment scheme solution

Main features  PensionPLUS:

• The plan provides each individual member with the capability of personalized investment according to one's own investment profile through the Universal Life Retirement Investment Funds.
• Plan members can select among the Pension Investment Funds and transfer investments between these funds at any time free of charge and without limitation on the number of transactions.
• Through Universal Life's customer portal and award-winning U connect app, members can track and manage their personal account online at any time, easily and quickly from wherever they are.
• The plan offers competitive investment fund management fees, low administration fees and no other additional fees and charges.
• An investment team comprised of high caliber experienced professionals in Universal Life partnered with international mutual funds management companies, will supervise all investment management and operation.
• The plan operates in a transparent manner, with a simple integration process and continuous support, and provides regular updates of the value of the investments, both to the employer and to the members.

Our ultimate goal at Universal Life is to meet the needs of the new era and to build relationships of trust with our customers. Our customer-centric approach is reflected in all of our services and products, especially in the new PensionPLUS Occupational Retirement Plan.  PensionPLUS is for us a beacon of social sensitivity, but also a sample of respect, care and practical support for employers and employees, in a vital effort to ensure and enhance retirement adequacy after retirement.