Minimum 45 years
Maximum 85 years
Minimum Rs. 1,50,000
Maximum No Limit
Single Premium
Monthly/ Quarterly/ Half-Yearly/ Yearly
Minimum Rs. 1,000 monthly
Maximum No limit
Immediate Life Annuity
Immediate Life Annuity with Return of Purchase Price
Deferred Life Annuity with Return of Purchase Price
Option of Return of Purchase Price on death
Convenience of one time payment
Option to receive monthly, quarterly, half-yearly or yearly income payouts.
Ageas Federal Life Insurance Guaranteed Lifetime Income Plan helps you devise a personal annuity plan towards leading a comfortable retired life. The plan offers the option of both immediate and deferred annuity. It offers further options and flexibilities to allow for customisation as per individual needs. At the same time, it is simple to understand and execute.
Survival Benefit is the Annuity Payout payable in arrears throughout the lifetime of the annuitant. Annuity Payout will commence from first policy year as per Annuity Payout frequency chosen at inception. Annuity Payout is determined at inception and is guaranteed throughout the lifetime of the annuitant.
There are three plan options - Immediate Life Annuity, Immediate Life Annuity with Return of Purchase Price, Deferred Life Annuity with Return of Purchase Price.