
  -  It is  Standard Individual immediate Annuity Plan
- This plan can be Taken on Single life and Joint  Life (Only Spouse as Joint Life and both should be 40 years and above).
- Returns are guaranteed for Life Time.
- Flexibility to choose amount of Pension and  Purchase Price 
- Modes of Annuity Payment is Yearly, half yearly,  quarterly, monthly (Needs to be decided at the Inception) 
- Survival and Death Benefits 
 
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      | Option I | Single Life Annuity | On  Survival: Payments will be made in arrears for as  long as Annuitant is alive, as per the chosen mode of annuity payment. |  - 
      |  |  | On  Death of the Annuitant: The annuity payment shall  cease immediately and 100% of Purchase Price shall be payable to  Nominee(s)/legal heirs. |  - 
      | Option II | Joint Life Annuity | On  Survival: The annuity will be paid in arrears for  as long as the Annuitant and/or Spouse are alive, as per the chosen mode of  annuity payment. |  - 
      |  |  | <On  first death (of either of the covered lives): 100%  of the annuity amount shall continue to be paid as long as one of the  Annuitants is alive.  |  - 
      |  |  | On  death of the last survivor: The annuity payments  will cease immediately and 100% of Purchase Price shall be paid. |  - 
      |  |  |  |  
 
- Min purchase price should be as per above  Annuity rate and calculation (Monthly/Quarterly/Half-Yearly/Yearly)
- No limit on Maximum Purchase Price and Maximum  Annuity
- Loan available after Six Months.
- Loan in Joint life is available after death of  any one annuitant (Max 50% of the Annuity amount)
- Option to surrender after six months- 95% of  purchase price will be paid on diagnosis of critical illness for both as well  as their Children’s.
- Tax Benefit Available
 
 
How Does This Policy Work
Sample illustration
  
  
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        | Eligibility Criteria |  |  
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          Minimum Age at Entry: 40 years (completed) |  |  
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          Maximum Age at Entry: 80 years (completed) |  |  
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            | Annuity    Mode | Monthly | Quarterly | Half-Yearly | Annual |  
            | Minimum    Annuity | Rs. 1000 per month | Rs. 3000 per quarter | Rs. 6000 per half year | Rs.    12,000 per annum |  |  |  
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          Minimum purchase price : Shall depend on the  minimum annuity as specified in the table above, option chosen and age of the  Annuitant |  |  
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          Maximum Purchase Price: No Limit |  |  |