Backed by two large public sector financial institutions - Andhra Bank and Bank of Baroda, IndiaFirst Life Insurance offers simple and efficient insurance solutions. IndiaFirst pension plans will let you plan for financial stability during your old age. With IndiaFirst Pension Plans, you can secure your long term financial goals and that of your loved ones too.
Under Pension plans, IndiaFirst annuity plan will ensure that your lifestyle remains the same even after retirement. IndiaFirst Annuity Plan will help you get a steady income for as long as you live after retirement.
IndiaFirst Annuity Plan
IndiaFirst Annuity Plan comes with an array of advantages and guarantees a definite regular monthly income over your retirement years.
Features and Benefits of IndiaFirst Annuity Plan
- You have the option to choose your retirement age as per your requirements and financial needs. You can reap returns starting from when you are 40 years old to 80 years old.
- This traditional immediate annuity plan can be purchased by paying a lump sum amount. You will have the freedom to choose your retirement age and you will receive a fixed amount on a monthly basis for the rest of your life.
- Under IndiaFirst Annuity Plan, the annuity is payable every month as long as you are alive. There is no death benefit and no other benefits are payable to the policyholder by the insurer.
- The minimum purchase price is Rs. 50,000 and the following table illustrates the benefits payable.
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GST of 18% is applicable on life insurance effective from the 1st of July, 2017