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All You Need To Know

ELIGIBILITY

Particulars Minimum Maximum
Entry Age 45 years 75 years1
Annuity Payout
Per installment
Annual: ₹ 12,000; Half Yearly: ₹ 6,000; Quarterly: ₹ 3,000; Monthly: ₹ 1,000 No limit. Acceptance of any case is subject to Board Approved Underwriting Policy (BAUP)
Premium2 Per installment Annual: ₹ 30,000; Half Yearly: ₹ 15,300; Quarterly ₹ 7,800; Monthly: ₹ 2,625 No limit. Acceptance of any case is subject to Board Approved Underwriting Policy (BAUP)
Group3 Size (For Group Policies) 10 No limit. Acceptance of any case is subject to Board Approved Underwriting Policy (BAUP).
Premium Payment Term 5 years 15 years
Deferment Period Premium Payment Term chosen 15 years
Policy Term Whole Life


The plan can also be purchased online.The minimum annuity payouts shall be in accordance with IRDAI (Minimum limits for Annuities and other Benefits) Regulations, 2015, as amended from time to time All ages are calculated as at last birthday. Risk cover starts from date of commencement of policy for all lives. 1Subject to annuity commencing at a maximum age of 80 2Premium amounts are exclusive of taxes and levies as applicable 3The plan will be available to employer-employee groups on group platform