Get Quotes from Top Insurers with Lowest Premium
Enter Details > Get Quotes > Buy Your privacy is protected.
Unbiased information on plans from varied insurance companies
Easy comparisons to choose the best insurance plan
No hidden costs, pay the same premiumas offered by the insurer
Pre and post sales expert assistance for smooth online buying experience
Reliable, Accurate and Quick policy servicing
Our representative will get back to you soon.
You can also directly contact us at

IndiaFirst Annuity Plan

What is the Plan all About?

IndiaFirst Annuity Plan is a non-participating immediate annuity plan, which ensures that you will receive a regular fixed stream of retirement income till you survive. This plan helps you to maintain the same lifestyle for the post-retirement life. You can purchase this plan by paying a lump sum amount and enjoy the golden years of your life.

What are the Key Features?

  • Regular monthly income post retirement
  • Annuity payout for life
  • Flexibility to choose your retirement age
  • Avail tax benefits

What are the Plan Benefits?

Death Benefit

    On the demise of the annuitant, the annuity payment will cease and no other benefits are payable.

Survival Benefit

    The annuity is payable, till survival of the annuitant/policyholder.


    No bonuses are payable, as it is a non-participating annuity plan.

Loan Benefit

    No loan facility is available under this policy.

Surrender Value

    No Surrender Value is available under this plan.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 40 Years 80 Years
Premium Payment Term Single -
Premium Paying Mode Single Pay -
Single Premium Amount/Purchase Price Rs 50,000 -
Annuity Payout Frequency Monthly -
Freelook Period 15 Days From The Receipt Of The Policy -
Grace Period Nil -
Plan Type Offline -

Is any Rider Available with this Plan?

No rider is available for this plan.

Is the Plan, eligible for Tax Benefit?

The tax benefit can be availed as applicable under the Income Tax Act, 1961. Tax benefits are subject to prevailing tax laws.

How the Plan Works?

Sainesh at 60 years is looking to buy a plan that can ensure a regular income after his retirement. He decides to buy IndiaFirst Annuity Plan with the purchase price of Rs 50,000.

Scenario A: On survival of Sainesh

Sainesh will receive the annuity amount throughout his life, till survival.

Scenario B: On demise of Sainesh

On the unfortunate death of Sainesh, annuity payment will stop and no benefits are payable.