Ageas Federal Life Insurance Guaranteed Lifetime Income Plan (UIN 135N073V03)
Features
Convenience of one-time payment - With Wealthsurance, you pay just once and can enjoy growth on your investments along with a life cover.
Guaranteed regular income for life.
Convenience of one time payment.
Option to receive monthly, quarterly, half-yearly or yearly income payouts.
Option to receive immediate or deferred annuity.
Option of Return of Purchase Price on death.
Eligibility Criteria
| Criteria | Minimum | Maximum |
|---|---|---|
| Entry age (as on last birthday) | Immediate Life Annuity and Immediate Life Annuity with Return of Purchase Price - 45 years. Deferred Life Annuity with Return of Purchase Price - 50 years | 85 years |
| Purchase Price | Rs. 1,50,000 (For each annuity option) | No Limit |
| Annuity Payout per instalment | Rs. 1,000 monthly,Rs. 3,000 quarterly,Rs. 6,000 half-yearly,Rs. 12,000 yearly | No Limit |
| Premium payment term | Single premium | |
| Annuity Payout frequency* | Monthly/ Quarterly/ Half-Yearly/ Yearly | |
*Annuity Payout frequency has to be chosen at inception and cannot be changed later