Group Plans
Immediate Annuity
Synopsis:
fjrigjwwe9r3SDPrivInsuProd:Synopsis
Tata AIA Life Insurance Group Immediate Annuity with Return of Purchase Price plan, the ideal solution to convert your employee's corpus to regular income.
Features:
fjrigjwwe9r3SDPrivInsuProd:Features
- All your employee has to do is pay or authorize transfer of a single premium to Tata AIA Life Insurance Company Limited (This amount is their purchase price)
- They need to choose annuity payment modes (the frequency at which they want the income) - monthly, quarterly, half-yearly or yearly
- Tata AIA Life guarantees you a rate per thousand at the time of purchase and this depends on the age as well as the purchase price
- Employee needs to opt for either receiving post dated cheques or a direct credit into their bank account i.e. PDCs / ECS
Eligibility:
fjrigjwwe9r3SDPrivInsuProd:Eligibility
Minimum Purchase amount
|
Rs. 50,000
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Minimum age of purchase
|
21 years
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Maximum age of purchase
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80 years
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Policy period
|
Life time
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Premium payment Period
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Single
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