Annuity Ready - 5 Years Payment (Tax deductible)

• Annual annuity payout up to 31 installments at 15% of the sum assured per year, commencing in the policy year when the insured reaches age 60 until age 90, with a total annuity benefits up to 465% of sum assured    

• Premium payment period for only 5 years

• Death benefit before annuity payout,  

• The company will pay either 105% of the total premiums paid or the policy surrenderc value, whichever is higher.

• Neither health questions nor medical check-up are required (Read more)
  
   

*The company will pay a lump sum amount equal to total premium paid deducted by total pension payout. In case that total pension payout amount is more than total premium paid amount, the company reserves the right to not pay death benefit and the policy contract will become out of force immediately. 

If the insured is alive, the company will pay an annuity of 15% of the sum assured on every policy anniversary, starting from the policy anniversary when the insured reaches age 60 until the policy anniversary when the insured reaches age 90.  

In case the insured passes away during annuity guaranteed period
The company will pay the following benefits to beneficiary, whichever is higher

1)The present value of the remaining installments in the guarantee period as of the date of the insured’s death or
2)The total premiums paid deducted by total annuity benefits already paid by the company to the insured

In case the insured passes away after annuity guarantee period
The company will pay the total premiums paid deducted by the total   annuity benefits already paid by the company to insured