- Immediate Annuity Plan - Annuity starts as early as the next month.
- Single premium plan : "Pay - Once - Enjoy - Forever"
- Options of Annuities to choose from:
- Immediate Annuity per annum payable for the remainder of life
- Immediate Annuity per annum payable for 5 years certain so long thereafter as the
annuitant may be alive
- Immediate annuity per annum payable for 10 years certain and so long thereafter
as the annuitant may be alive
- Immediate Annuity per annum payable for 15 years certain and so long thereafter
as the annuitant may be alive
- Immediate Annuity per annum payable for 20 years certain and so long thereafter
as the annuitant may be alive
- Immediate Annuity per annum payable for life with return of purchase price on death
of the annuitant
- Immediate Annuity increasing at 3% per annum (simple) payable for life
- Immediate Annuity for life with a provision for 50 % of the annuity to the spouse
on death of the annuitant.
- Immediate Annuity for life with a provision for 100 % of the annuity to the spouse
on death of the annuitant.
- Annuity for life with a provision for 100% annuity payable to spouse on death of
annuitant with return of purchase price on death of the last survivor.
- No medical examination is required for purchasing this policy
- Available for age at entry as low as 30 years and upto 85 years
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|
Eligibility Criteria
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|
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Min.
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Max.
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|
Age
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30
|
85
|
|
Sum
|
10,0000
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No limit
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|
Premium Modes
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Single
|
|
Single Premium :Rs 100000 Service Tax: 3090
|
|
Age is consider 30 years
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|
Pension Mode
|
A
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B
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C
|
D
|
E
|
F
|
G
|
H
|
I
|
J
|
|
Yearly Mode
|
7190
|
7190
|
7180
|
7160
|
7150
|
6890
|
5250
|
7080
|
6970
|
6860
|
|
* Pension trends in option G
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|
|
Pension Yearly
|
|
Pension Mode
|
1
|
2
|
3
|
4
|
5
|
10
|
15
|
20
|
|
Yearly Mode
|
5250
|
5408
|
5565
|
5723
|
588
|
6668
|
7455
|
8243
|
- Pension will start after the completion of the pension mode opted.
For example : If the pension mode is Half Yearly then the pension will start after
the end of six months from the date of purchase of the policy.