An Annuity plan offering immediate and deferred annuity options which provides you with guaranteed¹ income in your golden years toindulge in life's necessities without any compromises. A plan which takes away your concern of  generating regular income and how you would spend your retirement years.

Option to customise your plan to suit your financial needs

Select your desired annuity option from a range of annuity options (immediate or deferred) available in the plan.

Immediate Annuity - Under this Annuity Benefit type, the Annuitant receives regular income in arrears as an annuity

Deferred Annuity - Under this Annuity Benefit type, the Annuitant receives regular income in arrears as annuity after the end of deferment period. The deferment period can be chosen between 1 to 10 years at inception

Opt for Return of Purchase Price or Balance Purchase price

Under Return of Purchase Price receive annuity at a constant rate throughout the life of the Annuitant. On death of the Annuitant, Purchase Price along with the Accrued Paid-up Additions, if any, will be paid in lump sum to the nominee and policy will terminate without any further benefit.

Under Return of Balance Purchase Price receive the annuity at a constant rate throughout the life of the Annuitant. On the death of the Annuitant, the Balance Purchase Price (i.e. Purchase Price less total annuity amount paid till the date of death) along with the Accrued Paid-up Additions, if any, will be paid in lump sum to the nominee and policy will terminate without any further benefit.

This option is available on Single Life basis.

Opt for Return of Purchase Price on Critical Illness or Accidental Total and Permanent Disability or Death

Under this option, Annuitant receives annuity at a constant rate till the date of diagnosis of any of the covered CIs before attaining age 80 years (Age Last Birthday) or occurrence of ATPD before attaining age 70years (Age Last Birthday) or death, whichever is earlier. On diagnosis of any of the covered CIs or occurrence of ATPD or death, whichever is earlier, annuity ceases immediately and Purchase Price along with the Accrued Paid-up Additions, if any, will be paid in lump sum to the Annuitant/nominee and policy will terminate without any further benefit.

This option is available on Single Life basis.

Option to cover a second life under the same annuity plan

Under this option, annuity is payable on a joint life basis. The Primary Annuitant will be the primary person entitled to receive the payouts, while the Secondary Annuitant will be entitled to receive the annuities, in the event of death of the Primary Annuitant. In a Joint Life annuity, the Secondary Annuitant can be the spouse/major child/parent/major grandchild/grandparents or sibling of the Primary Annuitant.

Option to convert annuity amount into the Paid-up Additions

Under this Additional Benefit, the Annuitant will have option to convert an annuity amount into the Paid-up Additions. The Annuitant can choose the benefit at the inception of policy or at any subsequent policy anniversary.  At any point of time during the policy term, the Annuitant also have an option to opt out from Paid-up Additions Benefit. Once opted out, the Annuitant will start receiving annuity as per the original schedule.

Higher annuity instalment for higher purchase price

You enjoy higher annuity rates for higher purchase price. As a result you get higher annuity payouts.

An Annuity plan offering immediate and deferred annuity options which provides you with guaranteed¹ income in your golden years toindulge in life's necessities without any compromises. A plan which takes away your concern of  generating regular income and how you would spend your retirement years.

Option to customise your plan to suit your financial needs

Select your desired annuity option from a range of annuity options (immediate or deferred) available in the plan.

Immediate Annuity - Under this Annuity Benefit type, the Annuitant receives regular income in arrears as an annuity

Deferred Annuity - Under this Annuity Benefit type, the Annuitant receives regular income in arrears as annuity after the end of deferment period. The deferment period can be chosen between 1 to 10 years at inception

Opt for Return of Purchase Price or Balance Purchase price

Under Return of Purchase Price receive annuity at a constant rate throughout the life of the Annuitant. On death of the Annuitant, Purchase Price along with the Accrued Paid-up Additions, if any, will be paid in lump sum to the nominee and policy will terminate without any further benefit.

Under Return of Balance Purchase Price receive the annuity at a constant rate throughout the life of the Annuitant. On the death of the Annuitant, the Balance Purchase Price (i.e. Purchase Price less total annuity amount paid till the date of death) along with the Accrued Paid-up Additions, if any, will be paid in lump sum to the nominee and policy will terminate without any further benefit.

This option is available on Single Life basis.

Opt for Return of Purchase Price on Critical Illness or Accidental Total and Permanent Disability or Death

Under this option, Annuitant receives annuity at a constant rate till the date of diagnosis of any of the covered CIs before attaining age 80 years (Age Last Birthday) or occurrence of ATPD before attaining age 70years (Age Last Birthday) or death, whichever is earlier. On diagnosis of any of the covered CIs or occurrence of ATPD or death, whichever is earlier, annuity ceases immediately and Purchase Price along with the Accrued Paid-up Additions, if any, will be paid in lump sum to the Annuitant/nominee and policy will terminate without any further benefit.

This option is available on Single Life basis.

Option to cover a second life under the same annuity plan

Under this option, annuity is payable on a joint life basis. The Primary Annuitant will be the primary person entitled to receive the payouts, while the Secondary Annuitant will be entitled to receive the annuities, in the event of death of the Primary Annuitant. In a Joint Life annuity, the Secondary Annuitant can be the spouse/major child/parent/major grandchild/grandparents or sibling of the Primary Annuitant.

Option to convert annuity amount into the Paid-up Additions

Under this Additional Benefit, the Annuitant will have option to convert an annuity amount into the Paid-up Additions. The Annuitant can choose the benefit at the inception of policy or at any subsequent policy anniversary.  At any point of time during the policy term, the Annuitant also have an option to opt out from Paid-up Additions Benefit. Once opted out, the Annuitant will start receiving annuity as per the original schedule.

Higher annuity instalment for higher purchase price

You enjoy higher annuity rates for higher purchase price. As a result you get higher annuity payouts.