Premium Payment Mode:
Single Premium

Annuity Mode:
• Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals. You may opt any mode of payment of Annuity

Minimum Entry Age :
30 Year Completed

Maximum Entry Age :
• 100 Year Last Birthday for option [F] Annuity for life with return of purchase price on death
• 85 Year Last Birthday For all anuity option other than option [F]

Minimum Sum Assured :
• Rs.1,00,000/- for all distribution channels except online.
• Rs.1,50,000/- for on line sale.

Maximum Sum Assured :
NO LIMIT

Annuity Option :
i) Annuity for life
ii) Annuity guaranteed for 5, 10, 15 or 20 years and for life thereafter.
iii) Annuity for life with return of purchase price on death
iv) Annuity for life increasing at a simple rate of 3% p.a.
v) Annuity for life with a provision for 50% of the annuity to the spouse of the annuitant for life on death of the annuitant.
Annuity for life with a provision for 100% of the annuity to the spouse of the annuitant for life on death of the annuitant.
Annuity for life with a provision of 100% of the annuity payable to spouse during his/her life time on death of annuitant with return of purchase price on the death of last survivor.

Policy Benefits :
On Death :
(a) Under option (i) - payment of annuity ceases.
Under option (ii) - i. On death during the guarantee period - annuity is paid to the nominee till the end of the guaranteed period after which the same ceases. ii. On death after the guarantee period - payment of annuity ceases.
Under option (iii) - payment of annuity ceases and the purchase price is returned to the nominee.
Under option (iv) - payment of annuity ceases.
Under option (v) - payment of annuity ceases and 50% of the annuity is paid to the surviving named spouse during his/her life time. If the spouse predeceases the annuitant, nothing is payable after the death of the annuitant.
Under option (vi) - payment of annuity ceases and 100% of the annuity is paid to the surviving named spouse during his/her life time. If the spouse predeceases the annuitant, nothing is payable after the death of the annuitant.
Under option (vii) - payment of annuity ceases. 100% of the annuity is paid to the surviving named spouse during his/her life time and purchase price is returned to the nominee after the death of the spouse. If the spouse predeceases the annuitant, the annuity ceases and purchase price is paid to the nominee. The amount of annuity shall be assured throughout the period for which it is payable. Surrendered Value :
Jeevan Akshay is an immediate annuity plan that can be bought by paying a lump sum as Single Premium. Pension will start immediately after buying the policy.Various options are available for the type and mode of payment of annuities. But once chosen, it can not be changed.

Loan :
No loan will be available under the policy.

Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Pension that is received is taxable.

Premium Payment Mode:
Single Premium

Annuity Mode:
• Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals.

Minimum Entry Age :
30 Year Completed

Maximum Entry Age :
• 79 years (last birthday) Deferred Annuity

Minimum Sum Assured :
• Rs.1,50,000/-

Maximum Sum Assured :
NO LIMIT

Annuity Option :
DEFERRED ANNUITY

DEFERMENT PERIOD :
1 year to 12 years

CLOSE RELATIVES AS JOINT LIFE ANNUITANTS [ MEANS : GRAND PARENTS / PARENTS / CHILDREN / GRAND CHILDREN OR SPOUSE OR SIBLINGS ]
Surrendered Value :
The policy can be surrendered at any time after three months from the completion of policy.Surrendered shall be allowed under the following annuity options only:
• Deferred annuity-
i) Option 1: Deferred annuity for Single life
ii) Option 2: Deferred annuity for Joint life

Loan :
Loan facility shall be available after three months from the completion of policy or after expiry of the free-look period,Whichever is later. Policy loan shall be allowed under the following annuity options only:
• Deferred annuity-
i) Option 1: Deferred annuity for Single life
ii) Option 2: Deferred annuity for Joint life

Premium Payment Mode:
Single Premium

Annuity Mode:
• Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals. You may opt any mode of payment of Annuity

Minimum Entry Age :
40 Year Completed

Maximum Entry Age :
• 80 Year Last Birthday

Minimum Sum Assured :
Minimum Purchase price shall depend on the Minimum Annuity as specified above, Option chosen and age of the Annuitant(s)

Maximum Sum Assured :
NO LIMIT

Annuity Option :
i) Life Annuity with Return of 100% of Purchase Price
ii) Joint Life Last Survivor Annuity with Return of 100% of Purchase Price on death of the last survivor Joint Life Annuity, i.e. Option II, can be taken with spouse only.

Policy Benefits :
On Death :
(a) Under option (i) - On death of the Annuitant, the annuity payment shall cease immediately and 100% of Purchase Price shall be payable to Nominee(s)/legal heirs.
Under option (ii) - On first death (of either of the covered lives): 100% of the annuity amount shall continue to be paid as long as one of the Annuitants is alive.

On death of the last survivor: The annuity payments will cease immediately and 100% of Purchase Price shall be payable to the Nominee(s)/legal heirs.

Surrendered Value :
Saral Pension is a NonLinked, Non Participating, Single Premium Individual Immediate Annuity Plan

Loan :
Loan allowed at any time after 6 months from the Date of Commencement.

Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Pension that is received is taxable.

Premium Payment Mode :
Single Premium

Mode of Pension payment :
• The modes of pension payment are monthly, quarterly, half-yearly and yearly. The pension payment shall be through NEFT OR Aadhar Enabled Payment System only.

Pension Rate :
• Yearly : 7.66
• Halfly : 7.52
• Quarterly : 7.45
• Monthly : 7.40

Minimum Entry Age :
60 Year Completed

Maximum Entry Age :
No Limit

Minimum Sum Assured :
• Yearly : 1,56,658
• Halfly : 1,59,574
• Quarterly : 1,61,074
• Monthly : 1,62,162

Maximum Sum Assured :
• Yearly : 14,49,086
• Halfly : 14,76,064
• Quarterly : 14,89,933
• Monthly : 15,00,000

Min-Max Pension Limit :
• Minimum Pension:
Rs. 1,000/- per Month
Rs. 3,000/- per Quarter
Rs. 6,000/- per Half-year
Rs. 12,000/- per Year

• Maximum Pension:
Rs. 9,250/- per Month
Rs. 27,750/- per Quarter
Rs. 55,500/- per Half-year
Rs. 1,11,000/- per Year

Policy Benefits :
On Death :
On death, the full purchase price will be refunded to nominee.

Surrendered Value :
Surrender would be allowed in special circumstances like critical / terminal illness of self or spouse. The Surrender Value payable in such cases shall be 98% of Purchase Price.

Loan :
Loan (up to 75% of subscribed amount) can be availed after 3 years from the Date of Commencement.