The aim of this insurance is to accumulate means for the old age. Premiums are accumulated during the whole period of the contract (a single premium is also possible). Pension is paid by chosen conditions at the end of the contract term. In case of death of the insured the sum, which is accumulated within the year of the effective period of the policy, is paid to his close relatives.

The whole granted state retirement pension is also paid having insured for this insurance.