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.

Bonus

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.