IndiaFirst Immediate Annuity Plan - iflwebportal
The Immediate Annuity 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.
REASONS TO BUY INDIAFIRST IMMEDIATE ANNUITY PLAN
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
WHAT ARE THE ELIGIBILITY CRITERIA?
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
WHAT OUR CUSTOMERS HAVE TO SAY
The customer care agent who spoke to me gave me satisfactory answers to my queries. I have spoken to customer care agents at other insurance companies but I have never got satisfactory answers. Your agent was able to answer all my questions very well and also informed me about all the processes and procedures.
Mr Somnath Nandode (Madhya Pradesh, 9th March 2020)