It is immediate pension plan which can be purchased by paying a lump sum amount. This plan provides life time assured pension as per pension option and pension mode selected at the time of inception. Policy can be taken any person between the ages of 30 Years to 85 years.


Immediate Pension Plan

It is single premium payment plan, offers life time assured pension to satisfy retirement needs, medical expenses. Pension that starts from the age of 30. This plan can be taken up to age 85 without any medical checkup. 


Best Pension Option to Secure Future

Various pension option is available to get Yearly, Half Yearly, Quarterly or Monthly Pension. Secure future and also ensure enough returns for your spouse through various pension options.


Various Annuity options

  1. For life.
  2. For life with return of purchase price on death.
  3. For life with a provision for 50% of the annuity to the spouse of the annuitant for life on death of the annuitant.
  4. For life with a provision for 100% of the annuity payable to the spouse of the annuitant for life on death of the annuitant, with return of purchase price on the death of last survivor.
  5. For life with a provision for 100% of the annuity to the spouse of the annuitant for life on death of the annuitant.
  6. For life increasing at simple rate of 3% p.a.
  7. Guaranteed for 5, 10, 15 or 20 years and for life thereafter.


Pension Options in Terms of Death

  1. Payment of annuity ceases.
  2. On death during the guarantee period, annuity is paid to the nominee till the end of the guaranteed period after which the same ceases AND On death after the guarantee period, payment of annuity ceases.
  3. Payment of annuity ceases and the purchase price is returned to the nominee.
  4. Payment of annuity ceases.
  5. Payment of annuity ceases and 50% of the annuity is paid to the surviving named spouse during his/her life time. If the spouse predeceases the annuitant, payment of annuity will cease after the death of the annuitant.
  6. Payment of annuity ceases and 100% of the annuity is paid to the surviving named spouse during his/her life time. If the spouse predeceases the annuitant, payment of annuity will cease after the death of the annuitant.
  7. Payment of annuity ceases and 100% of the annuity is paid to the surviving named spouse during his/her life time and purchase price is returned to the nominee after the death of the spouse. If the spouse predeceases the annuitant, payment of annuity will cease after the death of the annuitant and purchase price is paid to the nominee.


Plan Conditions

Minimum Entry Age :- 30 Years

Maximum Entry Age :- 85 Years birthday for Option other than F AND 100 Years Last Birthday for Option F

Minimum Premium Amount : ₹ 100,000/-


Incentive For High Purchase Price

Mode Of PaymentPURCHASE PRICE (₹)
 ₹ 150,000/- to ₹ 299,999/-₹ 300,000/- & ₹ 499,999/-₹ 500,000/- & above
Monthly2.003.253.50
Quarterly2.503.503.75
Half-Yearly2.503.503.75
Yearly3.003.754.00