It is a Non-Linked, Non-Participating, Individual, Savings, Deferred Annuity plan. The annuity rates are guaranteed at the inception of the policy and annuities are payable post Deferment Period in arrears throughout the life time of Annuitant(s).

Wide range of Annuity Options to suit your needs

Choose Annuity Option as per your need from 1 to 11 options. Every Annuity Option is coming with unique benefits. Options are available for Single Life and Joint Life.

Flexibility to choose Single or Joint Life Annuity

This plan has Annuity Option especially for Joint Life. It has flexibility to choose Single or Joint Life Annuity options.

Option to choose Deferment Period

Select Deferment Period as per your choice. You can select deferment period 5 to 15 Years if you opt Annuity Option from 1 to 9 and 1 to 15 Years for Option 10 & 11.

Advantages

Top-up Annuity by paying Additional Premium

Liquidity Option to receive lump-sum amount

Advanced Annuity Option for Joint Life


Wide range of Annuity Options

Premium PaymentAnnuity TypeAnnuity Options
Regular PremiumSingle Life AnnuityOption 1Life Annuity for Single Lige
  Option 2Life Annuity with Return of Premium for Single Life
  Option 3Life Annuity with 50% Return of Premium after attaining age 75 years for single Life
  Option 4Life Annuity with 100% Return of Premium after attaining age 75 years for single Life
  Option 5Life Annuity with 50% Return of Premium after attaining age 80 years for single Life
  Option 6Life Annuity with 100% Return of Premium after attaining age 80 years for single Life
  Option 7Life Annuity with 5% Return of Premium after attaining age 76 years to 95 Years for single Life
 Joint LifeOption 8Life Annuity for Joint Life
 Option 9Life Annuity with Return of Premium for Joint Life
Single PremiumSingle Life AnnuityOption 10Life Annuity with Return of Purchase Price for Single Life
 Joint Life AnnuityOption 11Life Annuity with Return of Purchase Price  for Joint Life


Eligibility Criteria

Minimum Age at Entry: 20 Years (Completed) (for Annuitant / Primary / Secondary Annuitant)

Maximum Age at Entry:

For Annuitant / Primary Annuitant

Annuity OptionAge in Years (completed)
Option 1, 2, 8, 9, 10 & 1180 minus Deferment Period
Option 5, 6 & 770 minus Deferment Period
Option 3 & 465 minus Deferment Period

For Secondary Annuitant

75 Years (completed) for Option 8 & 9

79 Years (completed) for Option 11

Policy Term: Not Applicable

Deferment Period

5 to 15 Years for Option 1 to 9

1 to 15 Years for Option 10 & 11

Death Benefit

Annuity OptionsBenefits payable on Death
Option 1Life Annuity for Single LigeDuring Deferment Period
On death of the Annuitant, death benefit equal to 105% of total premiums paid upto the death shall be payable.

After Deferment Period
On death of the Annuitant, the annuity payments shall cease immediately. No death benefit shall be payable and the policy shall terminate
Option 2Life Annuity with Return of Premium for Single LifeDuring Deferment Period
On death of the Annuitant, death benefit equal to 105% of total premiums paid upto the death shall be payable.

After Deferment Period
On death of the Annuitant, the annuity payments shall cease immediately and death benefit equal to 100% of total premiums paid upto the death shall be payable.
Option 3Life Annuity with 50% Return of Premium after attaining age 75 years for single LifeDuring Deferment Period
On death of the Annuitant, death benefit equal to 105% of total premiums paid upto the death shall be payable.

After Deferment Period
On death of the Annuitant, the annuity payments shall cease immediately and death benefit equal to 100% of total premiums paid upto the death Less Sum of Early Return of Premium already paid till the date of death, if any, shall be payable.
Option 4Life Annuity with 100% Return of Premium after attaining age 75 years for single LifeDuring Deferment Period
On death of the Annuitant, death benefit equal to 105% of total premiums paid upto the death shall be payable.

After Deferment Period
On death of the Annuitant, the annuity payments shall cease immediately and death benefit equal to 100% of total premiums paid upto the death Less Sum of Early Return of Premium already paid till the date of death, if any, shall be payable.
Option 5Life Annuity with 50% Return of Premium after attaining age 80 years for single LifeDuring Deferment Period
On death of the Annuitant, death benefit equal to 105% of total premiums paid upto the death shall be payable.

After Deferment Period
On death of the Annuitant, the annuity payments shall cease immediately and death benefit equal to 100% of total premiums paid upto the death Less Sum of Early Return of Premium already paid till the date of death, if any, shall be payable.
Option 6Life Annuity with 100% Return of Premium after attaining age 80 years for single LifeDuring Deferment Period
On death of the Annuitant, death benefit equal to 105% of total premiums paid upto the death shall be payable.

After Deferment Period
On death of the Annuitant, the annuity payments shall cease immediately and death benefit equal to 100% of total premiums paid upto the death Less Sum of Early Return of Premium already paid till the date of death, if any, shall be payable.
Option 7Life Annuity with 5% Return of Premium after attaining age 76 years to 95 Years for single LifeDuring Deferment Period
On death of the Annuitant, death benefit equal to 105% of total premiums paid upto the death shall be payable.

After Deferment Period
On death of the Annuitant, the annuity payments shall cease immediately and death benefit equal to 100% of total premiums paid upto the death Less Sum of Early Return of Premium already paid till the date of death, if any, shall be payable.
Option 8Life Annuity for Joint LifeDuring Deferment Period
On first death (of eaither of the covered lives), no death benefit shall be payable and the policy shall continue with payment of due premium, if any.

On death of last survivor, death benefit equal to 105% of total premiums paid upto the date of death shall be payable.

After Deferment Period
On first death (of eaither of the covered lives), no death benefit shall be payable and 100% of the annuity amount shall continue to be paid as long as the last survivor is alive.

On death of last survivor, the annuity payments shall cease immediately and no death benefit shall be payable.
Option 9Life Annuity with Return of Premium for Joint LifeDuring Deferment Period
On first death (of eaither of the covered lives), no death benefit shall be payable and the policy shall continue with payment of due premium, if any.

On death of last survivor, death benefit equal to 105% of total premiums paid upto the date of deat shall be payable.

After Deferment Period
On first death (of eaither of the covered lives), no death benefit shall be payable and 100% of the annuity amount shall continue to be paid as long as the last survivor is alive.

On death of last survivor, the annuity payments shall cease immediately and death benefit equal to 100% of total premiums paid upto the death shall be payable.
Option 10Life Annuity with Return of Purchase Price for Single LifeDuring Deferment Period
On death of the annuitant, death benefit equal to 105% of purchase price shall be payable.

After Deferment Period
On death of the annuitant, the annuity payments shall cease immediately and death benefit equal to 100% of purchase price shall be payable.
Option 11Life Annuity with Return of Purchase Price  for Joint LifeDuring Deferment Period
On first death (of eaither of the covered lives), no death benefit shall be payable and the policy shall continue with payment of due premium, if any.

On death of last survivor, death benefit equal to 105% of purchase price shall be payable.

After Deferment Period
On first death (of eaither of the covered lives), no death benefit shall be payable and 100% of the annuity amount shall continue to be paid as long as the last survivor is alive.

On death of last survivor, the annuity payments shall cease immediately and death benefit equal to 100% of purchase price shall be payable.