+91 7411199333
+91 7411199333
+91 7411199333
A Non-linked, Conventional with-profits deferred Pension plan.
Eligibility Conditions & Restrictions | ||
---|---|---|
Minimum age | : | 20 years (Completed) |
Maximum age | : | 58 years for Regular Premium payment 60 years for Single Premium payment |
Minimum Sum Assured | : | Rs.1,00,000 for Regular Premium payment Rs.1,50,000 for Single Premium payment |
Maximum Sum Assured | : | No limit |
Deferment term | : | 7 years to 35 years for Regular Premium payment. 5 years to 35 years for Single Premium payment. |
Vesting Age | : | 55 years to 65 years |
Premium Mode | : | Yearly / Half yearly / Quarterly / Monthly (Thru Bank) / Single Premium |
Loan | : | No Loan facility |
Surrender | : | Eligible after 3 years (Should Surrender before maturity) |
On Death | : | Sum Assured + Bonus is paid |
On Maturity | : | Pension is payable Option to commute 1/3rd of Maturity amount |
Income Tax Benefits | : | (i) Premiums paid are eligible for Tax rebate u/s 80c (ii) Commutation is Tax free u/s 10(10a) (iii) Pension is Taxable |