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The immediate annuity

This form of contract is of special interest to persons without dependents since it provides the maximum possible income on the invested capital, consistent with absolute safety. The income is assured throughout life, but ceases, of course, on the death of the annuitant.

The purchase of an annuity is the best possible investment for sums withdrawn from Provident Funds on retirement from service and it is the most satisfactory method of providing pension to employees or dependents.

The first annuity installment will be paid one year, six months, three months or one month after the date of purchase, according as the annuity is desired to be paid in yearly, half-yearly, quarterly or monthly installments. The annuity payments ceases with the last installment falling due prior to the date of death. However, if desired the annuity can be made payable for 5,10, 15 or 20 years definitely and so long thereafter as the annuitant may be alive.

No loan will be granted on the policies issued under this plan and the rates given applied to Indian Lives.

(MLY: Monthly, QLY: Quarterly, HLY: Half-Yearly YLY: Yearly)

Age/ Annuity payable MLY/ QLY/ HLY/ YLY Details:

-Immediate Annuity Per Annum Payable for the Reminder of Life, which Rs.1000 will purchase

40/Rs.115.70/Rs.116.80/Rs.118.70/Rs.122.50 - 45/Rs.121.90/Rs.123.20/Rs.125.30/Rs.129.50 - 50/Rs.129.20/Rs.130.70/Rs.133.00/Rs.137.80 - 55/Rs.134.20/Rs.135.80/Rs.138.30/Rs.143.60 -

60/Rs.141.60/Rs.143.30/Rs.146.10/Rs.152.00 - 65/Rs.151.60/Rs.153.60/Rs.156.80/Rs.163.60 -

70/Rs.165.50/Rs.167.90/Rs.171.70/Rs.179.90 - 75/Rs.185.30/Rs.188.40/Rs.193.20/Rs.203.60

-Immediate Annuity Per Annum Payable for 5 Years Certain And So Long Thereafter As The Annuitant May Be Live, Which Rs.1000 Will Purchase

40/Rs.115.60/Rs.116.80/Rs.118.60/Rs.122.30 - 45/Rs.121.70/Rs.123.00/Rs.125.00/Rs.129.20 - 50/Rs.128.70/Rs.130.20/Rs.132.40/Rs.137.10 - 55/Rs.133.20/Rs.134.80/Rs.137.20/Rs.142.10 -

60/Rs.139.50/Rs.141.20/Rs.143.80/Rs.149.20 - 65/Rs.147.80/Rs.149.60/Rs.152.40/Rs.158.40 -

70/Rs.158.60/Rs.160.70/Rs.163.80/Rs.170.50 - 75/Rs.172.60/Rs.174.90/Rs.178.40/Rs.186.00

-Immediate Annuity Per Annum Payable for 10 Years Certain And So Long Thereafter As The Annuitant May Be Live, Which Rs.1000 Will Purchase

40/Rs.115.30/Rs.116.40/Rs.118.20/Rs.122.00 - 45/Rs.121.10/Rs.122.40/Rs.124.30/Rs.128.40 - 50/Rs.127.50/Rs.129.00/Rs.131.10/Rs.135.70 - 55/Rs.131.00/Rs.132.40/Rs.134.70/Rs.139.40 -

60/Rs.135.40/Rs.136.90/Rs.139.30/Rs.144.20 - 65/Rs.140.70/Rs.142.30/Rs.144.80/Rs.150.00 -

70/Rs.146.80/Rs.148.50/Rs.151.10/Rs.156.60 - 75/Rs.153.30/Rs.155.10/Rs.157.80/Rs.163.50

-Immediate Annuity Per Annum Payable for 15 Years Certain And So Long Thereafter As The Annuitant May Be Live, Which Rs.1000 Will Purchase

40/Rs.114.90/Rs.116.00/Rs.117.80/Rs.121.50 - 45/Rs.120.30/Rs.121.60/Rs.123.50/Rs.127.50 - 50/Rs.126.10/Rs.127.50/Rs.129.60/Rs.134.00 - 55/Rs.128.40/Rs.129.80/Rs.132.00/Rs.136.40 -

60/Rs.131.10/Rs.132.50/Rs.134.70/Rs.139.30 - 65/Rs.133.90/Rs.135.40/Rs.137.70/Rs.142.40 -

70/Rs.136.70/Rs.138.30/Rs.140.60/Rs.145.40 - 75/Rs.139.10/Rs.140.60/Rs.142.90/Rs.147.70

-Immediate Annuity Per Annum Payable for 20 Years Certain And So Long Thereafter As The Annuitant May Be Live, Which Rs.1000 Will Purchase

40/Rs.114.40/Rs./Rs.115.50/Rs.117.30 - 45/Rs.119.50/Rs.120.70/Rs.122.60/Rs.126.60 - 50/Rs.124.60/Rs.126.00/Rs.128.00/Rs.132.30 - 55/Rs.126.00/Rs.127.40/Rs.129.50/Rs.133.80 -

60/Rs.127.50/Rs.128.80/Rs.131.00/Rs.135.30 - 65/Rs.128.80/Rs.130.20/Rs.132.30/Rs.136.70 -

70/Rs.129.80/Rs.131.20/Rs.133.30/Rs.137.80 - 75/Rs.130.40/Rs.131.80/Rs.134.00/Rs.138.40

 

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