Retirement Plans
Immediate Annuity Plus
Synopsis:
fjrigjwwe9r3SDPrivInsuProd:Synopsis
SUD Life Immediate Annuity Plus is a Non-Linked, Non-Participating Individual Immediate Annuity plan, which assures a regular stream of income as per the plan option chosen.
Features:
fjrigjwwe9r3SDPrivInsuProd:Features
- Annuity Options
-
Plan Option A- 10 Annuity options to choose from :
Life Annuity
Life Annuity with Return of Purchase Price
Increasing Life Annuity with Return of Purchase Price
Joint Life Annuity (50%)
Joint Life Annuity (100%)
Joint Life Annuity (50%) with Return of Purchase Price
Joint Life Annuity (100%) with Return of Purchase Price
Annuity certain for 10 years
Annuity certain for 15 years
Annuity certain for 20 years
-
Plan Option B- 2 Annuity options to choose from :
Life Annuity with Return of Purchase Price
Joint Life Annuity (100%) with Return of Purchase Price
- Minimum Purchase Price- Rs. 1 lac
- Premium Payment Term- Single
- Annuity Payment Mode- Yearly, Half-yearly, Quarterly, Monthly
Benefits:
fjrigjwwe9r3SDPrivInsuProd:Benefits
- Lifelong income with 2 Plan Options to choose from
- Plan Option A-
- Purchase Immediate Annuity either from your savings or from the policy proceeds of any Deferred Pension Plan (issued by SUD Life)/National Pension Scheme.
- Choose from 10 Annuity options
- Plan Option B-
- Purchase Immediate Annuity from the proceeds of Reverse Mortgage loan offered by any approved financial institution as mentioned in the Gazette of India.
- Choose from 2 Annuity options
Eligibility:
fjrigjwwe9r3SDPrivInsuProd:Eligibility
fiogf49gjkf0d
Age at Entry |
Plan Option A |
Minimum |
In case of purchase of annuity with policy proceeds from any of SUD Life deferred pension plans, the minimum entry age of annuitant is 0 Years. In case of purchase of annuity with policy proceeds from any other deferred pension plans or from policy holder’s savings (i.e. through Open Market Purchase Option) the minimum entry age of annuitant is 45 Years. |
Maximum |
99 Years |
Plan Option B |
Minimum |
For policies purchased through Reverse Mortgage Loan: 60 Years age last birthday |
Maximum |
99 Years age last birthday |