Provident Funds

A smooth retirement for your Employees

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Why our Provident fund?

Financial Security

Provides a steady income stream, ensuring employees have financial stability after retiring.

Employer Contributions

Includes employer contributions, boosting overall retirement savings at no extra cost to the employee.

Tax Deductible

Contributions to provident funds have tax advantages, reducing taxable income and promoting savings.

In a nutshell

A provident fund is a pool of money contributed by employees and employers, invested to provide financial security through regular payments to employees after retirement.

Customer reviews

I've recommended Cosmic to all my friends and family because of the exceptional service I received. If you want a hassle-free insurance experience with a personal touch, look no further.

Vlad Winkler Entrepreneur

Choosing Cosmic was one of the best decisions I've made for my insurance needs. Their expertise and attention to detail gave me peace of mind knowing that I have the right coverage in place.

George Nekwaya Tech CEO

My experience with Cosmic was exceptional. Their friendly staff guided me through the entire process and made sure I had all the information I needed to make an informed decision.

Grace Chisenga Teacher

I appreciate their efficient process of electronically filling out forms for me and seamlessly obtaining my signature online within minutes. It saved me the hassle of handling paperwork.

Samuel Kalangula Sales Executive

In this forever busy & demanding world, my experience with Cosmic has been one of efficiency, very well tailored and personalized to make my life easier. I highly recommend their Service.

Dr Elina Barnabas-Shilongo Medical Doctor

Key Feautures

Lump Sum Payout

You can withdraw your entire savings as a lump sum at retirement. This differs from a pension fund, where only a one -third portion can be taken as a lump sum.

Optional Annuity Purchase

Although not required, you can choose to use all or part of your provident fund savings to purchase an annuity, which would provide a regular income for life.

Tax Implications

While a portion of the lump sum withdrawal may be tax-free, the remaining amount may be subject to taxation based on Namibian tax laws.

Normal Retirement Age

The normal retirement age (NRA) ranges from 55 - 65. This may be defined as midnight on the last day of the month during which the member attains the NRA.

Ts&Cs Apply

FAQ

Click Here to submit your details and have us call you ASAP. You may also call us on 061400000.

An insurance brokerage acts as an intermediary between clients and insurance companies. Their main functions include:
  • Advising Clients: Helping individuals and businesses understand their insurance needs and recommending appropriate policies.
  • Sourcing Policies: Comparing offerings from various insurance companies to find the best coverage and rates for their clients.
  • Negotiating Terms: Working with insurers to secure favorable terms and conditions for their clients.
  • Claims Assistance: Assisting clients with filing and managing claims to ensure they receive their entitled benefits.
  • Ongoing Support: Providing continuous advice and support, including policy reviews and updates as clients' needs change.

In essence, insurance brokerages help clients navigate the complexities of insurance to ensure they are properly covered.

Yes, Cosmic has valid licenses to carry out insurance broker services in Namibia. We are regulated  by NAMFISA and we are obligated to abide by the long-term and short-term insurance act.

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