Plan Highlights
Benefits: –
1) Pension will be paid during the policy term.
2) In the event of unfortunate demise of the pensioner, purchase price will be returned to the nominee.
3) On Survival of the pensioner to the end of the policy term, the Purchase Price and the final pension instalment shall be payable.
Minimum Pension: Rs. 12,000/- per year
Maximum Pension: Rs. 1,11,000/- per year.
Mode of Pension payment: Monthly, Quarterly, Half Yearly and Yearly.
Eligibility: –
Senior citizens in the age group 60 years and above (Age last birthday). Age proof is required.
Premium: –
Only Single Premium is payable Minimum Premium Rs. 1,56,658/- Maximum Premium Rs. 15,00,000/-
Annuity Rates: –
The annuity rates for Rs.1000/- purchase price for different modes of annuity payments are given below:
Yearly : Rs. 76.60 p.a.
Half Yearly : Rs. 75.20 p.a.
Quarterly : Rs. 74.50 p.a.
Monthly : Rs. 74.00 p.a.
Surrender Value: –
Policy can be surrendered at any time in case of any Critical Illness of Self or Spouse. The surrender value
payable is 98% of Purchase Price.
Loan: –
The Loan facility is available after completion of 3 policy years. The maximum loan that can be granted shall be 75% of the Purchase Price.