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Product Information
Retirement Plans IndiaFirst Immediate Annuity Plan
Synopsis:
fjrigjwwe9r3SDPrivInsuProd:Synopsis
This plan is designed to help you maintain your choice of lifestyle post retirement. It helps you cope with your healthcare costs and stay ahead of inflation.

Features:

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  • Empowers you to choose your retirement age, between 40 and 80 years
  • Enjoy complete financial independence by receiving a definite regular monthly/ quarterly/ half-yearly/ yearly income throughout your years of retirement
  • There are 4 different annuity options to choose from life annuity, life annuity with return of purchase price, joint life last survivor annuity for life and annuity certain for a period of 5 years/ 10 years/ 15 years
  • Choose the joint life option to support your spouse through annuity proceeds, even in your absence
  • Choose return of purchase price option to protect your nominees as they can get back the investment amount
  • Enjoy a comfortable retirement for a defined time, under the option of annuity certain for a period and life thereafter
  • Existing individual, deferred and group deferred annuity policyholder/ member/ beneficiaries can avail the benefits of the plan anytime between 0 to 99 years
Eligibility:
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Minimum age for application (first annuitant) is 40 years for new members; 0 years for existing pension members/beneficiaries of IndiaFirst Life Insurance
Minimum age for application (second annuitant) is 18 years
Maximum age for application (first/second annuitant) is 80 years
Minimum premium is Rs. 3,00,000 while maximum premium is limitless
Minimum annuity installment per month is Rs 1000 and for a year is Rs 12,500
Annuity installment frequency is monthly, quarterly, half-yearly, and annually