Guaranteed Lifetime Income Plan (UIN 135N073V03)
Features
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
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Disclaimer:
The Federal Bank Limited is a Corporate Agent having registration number - Regn. No. CA0227. The service provided by The Federal Bank Limited is purely an agency service and is carried out strictly on a non-risk participation basis. The Federal Bank Limited, as corporate agent, does not underwrite the risk or act as an insurer. Participation by the Federal Bank’s customers in the insurance product is purely on a voluntary basis and is not linked to the availment of any other facility from the Federal Bank Limited.
BEWARE OF SPURIOUS/FRAUD PHONE CALLS!
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
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