2. JJeeeevvaann AAkksshhaayy--VVII
An immidiate Pension Plan.
Requires one time investments.
Pension will starts as you wish
Eg: yearly / half yearly / quarterly / monthly
3. FFeeaattuurreess ooff JJeeeevvaann AAkksshhaayy--VVII::
1) Flexible Age limits (30 years-85 years)
2) Pension begins immediately
3) Different modes are available for receiving
pension amount- monthly, quarterly, semi
annually and annually
4) There are no medical tests required
5) There is no cap on maximum purchase price
6) Total of 7 annuity options providing varied options
to customer
5. 11)) AAnnnnuuiittyy ffoorr LLiiffee
An Annuitant will get pension as long as alive after that
payment ceases and money will not be refunded.
6. 22)) AAnnnnuuiittyy gguuaarraanntteeeedd ffoorr 55,, 1100,, 1155 oorr
2200 yyeeaarrss aanndd ffoorr lliiffee tthheerreeaafftteerr
An Annuitant will get pension guaranteed for
the term which he/she has opted and
thereafter as long as alive. After that payment
ceases and no money will be refunded.
Clarification: If the annuitant opted for 20 years guaranteed pension
and expires before the completion of the term then the
annuity will be paid to his/her nominee for rest of the
guaranteed term.
7. 33)) AAnnnnuuiittyy wwiitthh rreettuurrnn ooff ppuurrcchhaassee
pprriiccee
In this option an annuitant will get pension
as long he live. In the event of the death of
annuitant the amount invested by the
annuitant will be returned back to his/her
nominee.
8. 44)) AAnnnnuuiittyy iinnccrreeaassiinngg aatt aa ssiimmppllee rraattee
ooff 33%% pp..aa..
Under this option an annuitant will get
pension with increasing @3% (simple rate
of interest). Annuity ceases after the death
of the annuitant and there is no refund
under this option.
9. 55)) JJooiinntt LLiiffee 5500%%
Under this option annuitant will get
pension for his life time after that 50% of
pension will be payable to spouse till
his/her life.
10. 66)) JJooiinntt LLiiffee 110000%%
Under this option annuity will be available
equal to the annuitant in the event of
death to his/her spouse till his/her
lifetime.
11. 77)) JJooiinntt lliiffee 110000%% wwiitthh RReettuurrnn ooff
PPuurrcchhaassee PPrriiccee
Under this option annuity will be available
equal to the annuitant in the event of
death to his/her spouse till his/her lifetime
and after that invested amount will be
paid to the next survivor.