The IndiaFirst Life Guaranteed Pension Plan is designed to create the assurance of a guaranteed income for as long as you live. The policy brings along a variety of options for you to choose from; you can protect your loved ones financially not just from adverse effects of death but also from 20 critical illnesses.
REASONS TO BUY INDIAFIRST LIFE GUARANTEED PENSION PLAN
Pay for a limited period while enjoying the annuity benefits of your policy for a lifetime
Choose from 5 different annuity options as you create the assurance of a lifetime of income
Avail the Return of Purchase Price facility and protect your nominee(s)as they get back the premium amount
Avail the annuity benefit just for yourself under the Single Life option or extend it to your loved ones under the Joint Life option
Stay protected from 20 Critical Illnesses as you get the amount in the form of purchase price to utilize it for your treatment
Choose the Escalating Life Annuity option to receive an annuity amount growing at a constant rate
Receive a regular monthly/quarterly/half-yearly/ yearly annuity income through your retirement years
WHAT ARE THE ELIGIBILITY CRITERIA?
Minimum entry age in the plan is 45 years for all options and maximum entry age is 80 years
Minimum premium (purchase price) in the plan is INR 50,000 with no limit on maximum premium
Minimum annuity amount is INR 1,000 monthly and INR 12,000 yearly with no limit on maximum annuity amount
Available premium paying options are: - 5/ 6/ 7/ 8/ 9/ 10 years with policy term of Whole of Life
WHAT IS INDIAFIRST LIFE GUARANTEED PENSION PLAN
IndiaFirst Life Guaranteed Pension Plan is a Non-Linked, Non-Participating, Individual, Savings Deferred Annuity Plan which not only provides a shorter pay commitment (5, 6,7,8,9 or 10 years), but also gives you the benefit of a lifetime of assured annuity income. You get to choose from 5 different annuity options as you safeguard your retirement years with yearly, half yearly, quarterly or monthly annuity. The return of purchase price options ensure that you and your loved ones are taken care of in case of death or even in diagnosis of critical illnesses. You can choose to buy the annuity just for your retirement years under the single life or even choose to protect your loved ones with the joint life option in the policy.