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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.
On the demise of the annuitant, the annuity payment will cease and no other benefits are payable.
The annuity is payable, till survival of the annuitant/policyholder.
No bonuses are payable, as it is a non-participating annuity plan.
No loan facility is available under this policy.
No Surrender Value is available under this plan.
|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||-|
No rider is available for this plan.
The tax benefit can be availed as applicable under the Income Tax Act, 1961. Tax benefits are subject to prevailing tax laws.
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.