It is a single premium without profits annuity plan that provides a series of payment at regular intervals as long as the policyholder survives and returns the purchase price upon death of the nominee.
Eligibility –
|
Condition |
Limit |
|
Eligibility |
Persons age between 40 and 75 years at last birthday |
|
Minimum purchase price |
Rs.50000/- |
|
Maximum purchase price |
No Restrictions |
|
Benefits
|
Annuity will be payable till the annuitant is alive and the purchase price will be returned upon death without interest.
|
|
Mode of annuity payment |
At the end of a year, half year or quarter after the purchase of annuity. |
Paid up Value –
The policy does not acquire any paid up value.
Surrender Value –
The policy does not acquire any surrender value.
Loans –
No Loans will be granted under the policy.
Free lock Period –
If you are not satisfied with the Terms & condition of the policy, the policy can be returned to the company within 15 days of receipt together with a request for cancellation. However, the company reserves the right to deduct stamp duty expense incurred by the company for issue of the policy.
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