Plan

• This is a single premium plan wherein the Policyholder has an option to choose an Immediate or Deferred annuity.
• The annuity rates are guaranteed at the inception of the policy for both Immediate and Deferred Annuity and annuities are payable throughout the life time of Annuitant(s).
• This plan can be purchased offline as well as online. To purchase the plan online, please log on to our website www.licindia.in

Benefits

• Make one time investment and get Guaranteed life long income.
• 9 different annuity options to choose from to suit every need and circumstance.
• Option to choose either Immediate Annuity or postpone it to a future date as Deferred Annuity.
• Annuity rates are guaranteed from inception of the policy.
• Guaranteed additions during deferment period.
• This policy can be taken on own life or as joint life with grandparent, parent, children, grandchildren, spouse or siblings.
• Loan Available: Loan facility shall be available after completion of 1 policy year.
• Surrender Allowed: The policy can be surrendered at anytime after three months from the completion of policy when Annuity Option is with return of purchase price.
• Free look Period: If the Policyholder is not satisfied with the “Terms and Conditions” of the policy, the policy may be returned to the Corporation within 15days.
• Option to take the plan for the benefit of handicapped dependant (Divyangjan) life