IndiaFirst Life Saral Pension Plan is a single premium, non – linked, non - participating, individual immediate annuity policy. The plan provides you with 2 different options to choose from, to get a - regular income on a Monthly / Quarterly / Half-yearly / Yearly basis as chosen. This policy is designed to ensure financial well-being of your retirement years.
REASONS TO BUY INDIAFIRST LIFE SARAL PENSION PLAN
Get the assurance of a lifetime income even post your retirement years
Choose from 2 different annuity options as per your need-
i. Life Annuity with Return of 100% of Purchase Price
ii. Joint Life Last Survivor Annuity for Life with Return of 100% of Purchase Price
Avail the Life Annuity Return of Purchase Price option to receive a regular lifetime income while protecting your loved ones in case of an unfortunate event
Pick the Joint Life Annuity Return of Purchase Price option to support your spouse with a regular income even in your absence
Stay protected from Critical Illnesses! Get 95% of the Purchase Price if you surrender the policy in case of diagnosis of defined critical illnesses (Applicable after six months from the date of commencement of the policy)
Receive a regular monthly / quarterly / half-yearly / yearly income through your retirement years as per your choice
Tax benefits may be available on the premiums paid and benefits received as per prevailing tax laws
Click here for IndiaFirst Life Saral Pension Plan Annuity Rates
WHAT ARE THE ELIGIBILITY CRITERIA?
The minimum age for applying is 40 years and the maximum age for applying is 80 years and 70 years (for policies sourced through POSP-LI & CPSC-SPV channels)
Minimum premium (purchase price) in the plan is INR 1,00,000 with no limit on maximum premium
Minimum annuity amount is INR 1,000 monthly, INR 3000 quarterly, INR 6000 half yearly and INR 12,000 yearly with no limit on maximum annuity amount
WHAT OUR CUSTOMERS HAVE TO SAY
I had always considered life insurance to be an expensive luxury, but my Sister explained that the earlier I took a term policy, the better for me. In fact, the policy itself turned out to be great and very inexpensive.
Mr. Keshav Rajendran (Mumbai, 25th February 2021)