GUARANTEED-LIFETIME-INCOME-PLAN

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Guaranteed Lifetime Income Plan

  • Features
  • Eligibility Criteria

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.

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