- Immediate Annuity with profit plan.
- Suitable plan for persons who desire one time investment.
- Cover regular needs and periodical amount without interruptions.
Maximum age at entry
79 years last birthday
Rs. 25,000/- (Purchase Price)
Pension benefits : Following Options available to the annuitant :
- Pension for life
- Pension payable for 5,10,15,20 yrs. certain & life thereafter.
- Pension for life wtih return of purchase price at the time of death.
- Pension increasing at 3% P.A. payable for life.
- Pension for life with a provision for 50% to the spouse for life on the death of the annuitant
Income tax rebate : Under section 88 on the premiums paid.
100% income-tax free : Permanent disability, Maturity and Death claims.
Benefit on Maturity :
- Annuity purchased from Fund Value or Guaranteed Maturity Proceeds whichever is higher.
- Option to commute 1/3rd. of the Maturity Proceeds.
- Benefit on death - Fund Value.
- Nominee has the option to receive the amount in lump Sum or as Annuity.