Product Summary :
This Plan is a non-linked, non-participating, single premium annuity plan wherein the Policyholder has an option to choose an Immediate Annuity or Deferred Annuity. This plan shall be allowed to lives including third gender.
Premium Payment Mode:
Single Premium
Annuity Mode :
• Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals.
Minimum Entry Age :
30 Year Completed
Maximum Entry Age :
• 100 years (last birthday) for Option F in Immediate Annuity
• 85 years (last birthday) except Option F in Immediate Annuity
• 79 years (last birthday) Deferred Annuity
Minimum Sum Assured :
• Rs.1,50,000/-
Maximum Sum Assured :
NO LIMIT
Annuity Option :
1. IMMEDICTE ANNUITY OR 2. DEFERRED ANNUITY
10 OPTIONS FOR IMMEDIATE ANNUITY
2 OPTION FOR DEFERRED ANNUITY : 1. SINGLE LIFE 2. JOINT LIFE
DEFERMENT PERIOD :
1 year to 20 years
CLOSE RELATIVES AS JOINT LIFE ANNUITANTS [ MEANS : GRAND PARENTS / PARENTS / CHILDREN / GRAND CHILDREN OR SPOUSE OR SIBLINGS ]
Surrendered Value :
The policy can be surrendered at any time after three months from the completion of policy.Surrendered shall be allowed under the following annuity options only:
a. Immediate annuity-
i) Option F: Immediate Annuity for life with return of Purchase Price.
ii) Option J: Joint Life Immediate Annuity for life with a provision for 100% of the annuity payable as long as one of the Annuitant survives and return of Purchase Price on death of last survivor.
b. Deferred annuity-
i) Option 1: Deferred annuity for Single life
ii) Option 2: Deferred annuity for Joint life
Loan :
Loan facility shall be available after completion of 1 policy year. Policy loan shall be allowed under the following annuity options only:
a. Immediate annuity-
i) Option F: Immediate Annuity for life with return of Purchase Price.
ii) Option J: Joint Life Immediate Annuity for life with a provision for 100% of the annuity payable as long as one of the Annuitant survives and return of Purchase Price on death of last survivor.
b. Deferred annuity-
i) Option 1: Deferred annuity for Single life
ii) Option 2: Deferred annuity for Joint life
We have Services in:,LIC AGENT IN KANDIVALI EAST,LIC AGENT IN KANDIVALI WEST,LIC AGENT IN BORIVALI,LIC AGENT IN GOREGAON,LIC AGENT IN ANDHERI,LIC AGENT IN JUHU,LIC AGENT IN VILEPARLE,LIC AGENT IN MIRA ROAD,LIC AGENT IN KANDIVALI EAST, Andheri
east,Andheri west,Borivali east,Borivali west,Chandivali, Dadar,Ghatkopar,Goregaon
east,Goregaonwest,Jogeshwari east,Jogeshwari west, Kandivali
east,kandivali west,Khar,Mumbai,Malad east,Malad west,mtunga,
Mulund,Mumbai,JVPD juhu,juhu scheme,vazira naka,kandivali big
bazar,samata nagar kandivali,kuluwadi,Mira bhayander,,kankia
kandivali,kankia miraroad,gokul aanand hotel,grant road,lower
parel west,lower parel east,khar east, Khar west,Versova,Fort,
Central,Parel,Juhu tara road,kandivali charkop,aakurli road,Lokhandwala
township,chakala,mahim,bandra east,Bandra west,malad sv road,mind
space Malad,samarpan ,marve road,colaba,mantralaya,lic of india,
Thakur complex,worli,Bandra,juhu,miraroad,bhyandar, worli,malbarhill,fort,gorai,dahisar,SantaCruz
east,Santacruz west,mahalaxmi,Worli,dahisar east ,Dahisar west,
(Mumbai), Sion, Mumbai, thakur village,Thane, Vile Parle east,
Vile Parle West,lokhandwala kandivali. malad west,malad east,gokuldham,
andheri vileparle,ashokvan,national park,mahindra kandivali
