If contribution payments to your pension scheme are discontinued before you have reached the retirement age stipulated in the pension scheme, and you have not retired, the non-contributory cover becomes automatically effective.
This means that you maintain your right to your current insurance covers and the group insurance for the first 3 months after payment has been discontinued. This is called non-contributory cover. You can apply for an extension of the period which must be done before expiry of the non-contributory period. You can apply for extension of the non-contributory cover for 1 year at a time for up to 3 years. If you want to extend the period, please contact us
If you have left your job due to illness, if you are out of work, or you have become a self-employed, please contact us. This also applies if you consider transferring your savings. In this case we can advise you about what you should be aware of.
In the non-contributory period we deduct the costs for maintaining the insurances from your savings. Non-contributory cover applies when contribution payments are discontinued before you reach the retirement age stipulated in the pension scheme.