In the unfortunate event of death of the Annuitant(s), the following benefit would be payable in lump sum and the annuity payment shall cease.

1. Single Life: 100% of Purchase Price shall be payable to nominee(s) / legal heirs.


2. Joint Life:
   If the spouse is surviving after the demise of primary annuitant, then annuity income shall be payable to the spouse for lifetime. Upon demise of the spouse, 100% of Purchase Price shall be payable to nominee(s) / legal heirs. If spouse passes away before the primary annuitant, then on death of the primary annuitant, 100% of Purchase Price shall be payable to nominee(s) / legal heirs.

• Single Life: Annuity Payments will be made in arrears for as long as Annuitant is alive, as per the chosen mode of annuity payment.


• Joint Life: Annuity will be paid in arrears for as long as the Primary Annuitant and/or Secondary Annuitant is alive, as per the chosen mode of annuity payment.

There are no maturity benefits under this plan.

Mode refers to the frequency of Annuity payment as chosen by the Annuitant from the available modes of annuity i.e. yearly, half-yearly, quarterly and monthly. The Annuity shall be payable in arrears i.e. the annuity payment shall commence after 1 year, 6 months, 3 months and 1 month from the Date of Commencement of Policy depending on whether the mode of annuity payment is Yearly, Half yearly, Quarterly and Monthly respectively. Modal factors applicable are mentioned below:

The annuity rates vary by purchase price band and therefore you would benefit from higher annuity rates corresponding to higher band.

Band	Band 1	Band 2	Band 3	Band 4	Band 5
Purchase Price	Less than 2,00,000	2,00,000 to 4,99,999	5,00,000 to 9,99,999	10,00,000 to 24,99,999	25,00,000 & above

Sample Annuity Rates per 1000 Purchase Price

Annuity Option: Single Life Annuity with Return of 100% of Purchase Price (ROP)

Annuity Option: Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of the last survivor

Age difference between Joint Life: 0 to 5 years

Age difference between Joint Life: Greater than equal to 6 years

For joint life option, Age at Entry is the age of primary annuitant

Loan can be availed any time after six months from the date of commencement of the policy. Under Joint Life option, the loan can be availed by the primary annuitant and on death of the primary annuitant, it can be availed by the secondary annuitant. The loan interest will be recovered from the annuity amount payable under the policy and the loan outstanding shall be recovered from the claim proceeds.

It is recommended that you continue with your policy to avail all benefits. However, in case of emergency you have an option to surrender the policy at any stage after six months from the date of commencement, if you, your spouse or any of the children are diagnosed with any of the critical illness specified in the policy document. On surrender, 95% of the Purchase Price shall be paid and the policy shall terminate.