Plan kijiye apna retirement with
IndiaFirst Life
Guaranteed Pension Plan
(Non-Linked, Non-Participating, Individual, Savings Deferred Annuity Plan)
Pay ₹ 1.41 Cr.^
Get ₹ 5.28 Cr.^
1%
Extra Annuity
- When you buy online
Right investment today leads to a stress-free tomorrow
A Plan Customized For Your Unique Needs
Guaranteed*
income
You will get regular monthly/quarterly/half-yearly/yearly annuity income as long as you are alive.
20 critical illnesses covered
During serious illnesses, pay attention to your health and be relaxed. Because we give you cover against 20 critical illnesses and an amount as purchase price that you can use for your treatment.
Return of purchase price
In case of unfortunate events, this option offers you protection to keep your family secure and safe.
Joint life
option
Like your life, share the benefits of the plan with your partner by choosing the joint life option.
Multiple annuity options
Choose from multiple annuity payout options through your retirement years and build assurance for life.
A plan Customized For Your Unique Needs
Guaranteed* income
You will get regular monthly/quarterly/half-yearly/yearly annuity income as long as you are alive.
20 critical illnesses covered
During serious illnesses, pay attention to your health and be relaxed. Because we give you cover against 20 critical illnesses and an amount as purchase price that you can use for your treatment.
Return of purchase price
In case of unfortunate events, this option offers you protection to keep your family secure and safe.
Joint life option
Like your life, share the benefits of the plan with your partner by choosing the joint life option.
Multiple annuity options
Choose from multiple annuity payout options through your retirement years and build assurance for life.
The Importance Of Guaranteed* Pension Plan
Spend more time with family, play with your grandchildren, and plan a wonderful date with your life partner. We characterize your retirement phase in such a way as we guarantee* a life of peace and tranquillity with IndiaFirst Life Guaranteed Pension Plan.
1. Fulfill your needs even after retirement
There is no need to depend on others to fulfill your dreams even after your retirement. This plan provides lifelong income as long as you live. In this plan, you get income at intervals as per your convenience.
2. No burden on the family after the final exit
In case of the untimely demise of the policyholder, the family receives the highest payout, i.e., Sum Assured or 105% of the total premiums paid as on the date of intimation.
3. Make your life-partner an insurance partner
This plan has a Joint Life Option which allows you to extend your annuity benefits to your partner.
How Does The Guaranteed* Pension Plan Work?
Mr.Kumar
Age 55
has purchase the
IndiaFirst Life
Guaranteed Pension Plan
He invested in the plan with a limited premium payment term of 10 years.
He opted to pay an annual limited premium of INR 2,00,000 excluding taxes.
He further optimized his investment by choosing Life Annuity with the option of Return of Purchase Price on Death.
He further optimized his investment by choosing Life Annuity with the option of Return of Purchase Price on Death.
He will start receiving an annual income payout of INR 1,58,843 from the end of the 11th policy year as long as he is alive.
Scenario 1
Even in case of his death during the 12 th policy year, his dear ones will be protected with a
100% return of the purchase price INR 20,00,000.
Scenario 2
In case of untimely demise during the 6 th policy year, his dear ones will be safeguarded with a payout of
105% of total premiums paid of 12,60,000.
FAQs: Answers To Your Queries
IndiaFirst Life Guaranteed Pension Plan is a Non-Linked, Non-Participating, Individual,Savings Deferred Annuity Plan which provides a shorter pay commitment (5, 6,7,8,9 or 10 years), but also gives you the benefit of a lifetime of assured annuity income.
You are eligible if your age is between 45 and 80 years.
This is a whole life plan.
You can buy IndiaFirst Life Guaranteed Pension Plan under limited premium payment option of 5/ 6/ 7/ 8/ 9/ 10 years.
You can pay minimum premium Rs. 50,000 yearly, Rs. 25,595 Half-yearly, Rs. 12,950 Quarterly and Rs. 4,350 Monthly.
You can choose to pay your premiums through yearly, half-yearly, quarterly or monthly modes.
There are 5 annuity options to choose form:
- Life Annuity
- Life Increasing Annuity
- Life Annuity with Return of Purchase Price on Death
- Life Annuity with Return of Purchase Price on Death or on Critical Illness (CI)
- Life Annuity with Return of Purchase Price on Death or in instalment on survival
You may choose to receive your annuity payments in Monthly, Quarterly, Half-yearly or Yearly frequencies as per your need. The first annuity payment will be payable at the end of every year after the completion of Premium Paying Term provided all due premiums have been paid and the policy is in-force.
Stay protected from 20 Critical Illnesses as you get the amount in the form of purchase price and utilize it for your treatment (Benefit payable on diagnosis of any covered Critical Illness is an accelerated benefit and not an additional benefit.). Kindly refer product brochure for more details.
Deferment Period is equal to the Premium Paying Term under this policy. The period in years from the date of commencement of the policy during which no Annuity Amount is payable to the Annuitant is the deferment period.
The following enhancement factors will be applicable on annuity rate based on the different bands of purchase price:
| Premium Bands | Enhancement Factors |
|---|---|
| 50,000 to 99,999 | 0.0% |
| 1,00,000 to 4,99,999 | 25.0% |
| 5,00,000 and above | 2.1% |
You are provided a Grace Period of 15 days under monthly mode and one month but not less than 30 days for other premium paying modes, in case you miss your due premium on the due dates.
Tax benefits may be available on premiums paid and benefits receivable as per prevailing Income Tax Laws. These are subject to change from time to time as per the Government Tax laws. Please consult your tax consultant before purchasing this policy.
No, loan is not allowed in this policy.