Application Form
1 Personal Details (Applicant)
Please provide your personal information as it appears on your National ID.
You must be at least 18 years old.
2 Pension Contribution Payment
Choose your contribution frequency and provide proof of source of funds.
Clear copy of your National ID (front and back)
Latest payslip or bank statement
Bank deposit slip, transaction receipt, or mobile money confirmation
e.g. Electricity or water bill
3 Politically Exposed Person (PEP) Verification

What is a PEP?

An individual who is or has been entrusted with prominent public functions in Malawi or abroad, e.g.: Head of State, Government official, Judicial officer, Military officer, senior executives of state‑owned enterprises, close family relative or business associate of a PEP.

4 Next of Kin Details
5 Data Protection & Consent

I acknowledge that my personal information will be processed by NICO Pension in accordance with the Data Protection Act, 2024.

I consent to NICO Pension collecting, using, storing, and sharing my personal information, including KYC documents, with NICO Group companies in Malawi where necessary for legitimate business, regulatory, compliance, and service delivery purposes.

I also consent to my information being shared with approved service providers, including those outside Malawi, for legitimate operational and compliance purposes such as data hosting and sanctions screening.

6 Beneficiary Details

Please nominate your beneficiaries. Total benefit percentages must add up to 100%.

Full Name Relationship Date of Birth % Benefit Phone Email
Total %:
7 Bank Details for Payments
8 Declaration & Signature

I, the undersigned, hereby apply for admission for membership into NICO Pension Services Limited Voluntary Personal Pension Fund. I agree to be bound by the provisions of the said Scheme in force from time to time. I hereby commit to remit my contributions from my income the amounts required to be contributed by me in terms of these provisions.

I shall furnish NICO Pension Services Limited such information relating to my membership as NICO Pension Services Limited shall from time to time reasonably require.

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