It is an Immediate Annuity plan, which can be purchased by paying a lump sum amount. The plan provides for annuity payments of a stated amount throughout the life time of the annuitant. Various options are available for the type and mode of payment of annuities.
The following options are available under the plan
Type of Annuity:
You may choose any one. Once chosen, the option cannot be altered.
Mode:
Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals. You may opt any mode of payment of Annuity.
Salient features:
The amount of annuity is assured throughout life of the annuitant.
What happens if the annuitant dies?
If the annuitant dies:
When first installment of annuity payable:
First installment of annuity is payable after one month, three months, six months or one year from the date of purchase of annuity depending on the mode chosen is monthly, quarterly, half yearly or yearly respectively.
Brochure
Your family deserves the best protection. Get Life Insurance Cover for entire family with good returns and lifetime risk cover for just Rs. 101/- per day.
Invest Rs.999/- per day for 9 years and get 1 Crore Tax Free after 21 Years OR 7 Lacs per year for lifetime + Estate worth 1 Crore for family.
Best Retirment Plan for Youngsters from LIC. Get pension of Rs. 25,000/- per month for lifetime by saving just Rs. 70/- per day.
Become a Guaranteed CROREPATI after 25 years by saving just 500 per day for 16 years. Also get risk cover of 40 Lacs for 25 years. Call today for details...