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Pension Mode A B C
OPTION DESCRIPTION
Immediate annuity per annum payable for 10 years certain and so long thereafter as the annuitant may be alive
D.
Immediate Annuity per annum payable for 15 years certain and so long thereafter as the annuitant may be alive
E.
Immediate Annuity per annum payable for 20 years certain and so long thereafter as the annuitant may be alive
F.
Immediate Annuity per annum payable for life with return of purchase price on death of the annuitant
G.
H.
Immediate Annuity for life with a provision for 50 % of the annuity to the spouse on death of the annuitant.
I.
Immediate Annuity for life with a provision for 100 % of the annuity to the spouse on death of the annuitant.
*
PENSION YEAR
Pension Mode 1 2 3 4 5 10 15 20
Pension will start after the completion of the pension mode opted. For example : If the pension mode is Half Yearly then the pension will start after the end of six months from the date of purchase of the policy. Cash Bonus will be Payable after declaration of valuation Results.
Note:
Minimum annuity per annum for Mly, Qly, Hly, Yly is Rs. 6000, 4000, 4000, 3000 respectively.
The above statement is based on certain assumptions which are liable to change according to Government/Corporation's policies.