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Saral Pension(862)

150,000.00

Saral Pension (862) is a NonLinked, Non Participating, Single Premium Individual Immediate Annuity Plan

Description

Plan :Saral Pension (862)

Product Summary :
Saral Pension (862) is a NonLinked, Non Participating, Single Premium Individual Immediate Annuity Plan

Premium Payment Mode:
Single Premium

Annuity Mode:
• Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals. You may opt any mode of payment of Annuity

Minimum Entry Age :
40 Year Completed

Maximum Entry Age :
• 80 Year Last Birthday

Minimum Sum Assured :
Minimum Purchase price shall depend on the Minimum Annuity as specified above, Option chosen and age of the Annuitant(s)

Maximum Sum Assured :
NO LIMIT

Annuity Option :
i) Life Annuity with Return of 100% of Purchase Price
ii) Joint Life Last Survivor Annuity with Return of 100% of Purchase Price on death of the last survivor Joint Life Annuity,
i.e. Option II, can be taken with spouse only.

Policy Benefits :
On Death :
(a) Under option (i) – On death of the Annuitant, the annuity payment shall cease immediately and 100% of Purchase Price shall be payable to Nominee(s)/legal heirs.
Under option (ii) – On first death (of either of the covered lives): 100% of the annuity amount shall continue to be paid as long as one of the Annuitants is alive.

On death of the last survivor: The annuity payments will cease immediately and 100% of Purchase Price shall be payable to the Nominee(s)/legal heirs.

Surrendered Value :
Saral Pension (862) is a NonLinked, Non Participating, Single Premium Individual Immediate Annuity Plan

Loan :
Loan allowed at any time after 6 months from the Date of Commencement.

Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Pension that is received is taxable.

Additional information

Plan

Saral Pension (862)

Product Summary

saralpension

Premium Paying Mode

singlepremium

Annuity Mode

saralpension

Minimum Entry Age

40 Year Completed

Maximum Entry Age

80 Year Last Birthday

Minimum Sum Assured

saralpension

Maximum Sum Assured

saralpension

Policy Benefits on Death

saraljeevanpension

Loan

Loan allowed at any time after 6 months from the Date of Commencement.

Income Tax Benefit

Premium paid under this plan is eligible for TAX rebate under section 80c. • Pension that is received is taxable.

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