This is a single premium plan wherein the Policyholder has an option to choose an Immediate or Deferred annuity.
The annuity rates are guaranteed at the inception of the policy for both Immediate and Deferred Annuity and annuities are payable throughout the life time of Annuitant(s).
This plan can be purchased offline as well as online. To purchase the plan online
Benefits
Make one time investment and get Guaranteed life long income.
9 different annuity options to choose from to suit every need and circumstance.
Option to choose either Immediate Annuity or postpone it to a future date as Deferred Annuity.
Annuity rates are guaranteed from inception of the policy.
Guaranteed additions during deferment period.
This policy can be taken on own life or as joint life with grandparent, parent, children, grandchildren, spouse or siblings.
Loan Available: Loan facility shall be available after completion of 1 policy year.
Surrender Allowed: The policy can be surrendered at anytime after three months from the completion of policy when Annuity Option is with return of purchase price.
Free look Period: If the Policyholder is not satisfied with the “Terms and Conditions” of the policy, the policy may be returned to the Corporation within 15days.
Option to take the plan for the benefit of handicapped dependant (Divyangjan) life
Policy Document