IndiaFirst Life Saral Pension Plan

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

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