Features

• Choose Retirement Date: Enjoy the flexibility of being able to decide your retirement date.
• Choice of Funds: Choose to invest in any of these 7 funds depending on your risk appetite:
  1. Liquid Fund II
  2. Stable Managed Fund II
  3. Secure Managed Fund II
  4. Defensive Managed Fund II
  5. Balanced Managed Fund II
  6. Equity Managed Fund II
  7. Growth Fund II
• Age Limit: The minimum entry age is 18 years and maximum age is 65 years. At retirement (vesting), the minimum age limit is 50 years and maximum age limit is 75 years
• Term Limits: The minimum. term for this plan is 10 years and the maximum. term is 20 years
• Bumper Addition:
  1. 25% of the original annualised premium for a 10-year term
  2. 50% of original annualised premium for a term of 15 to 19 years and
  3. 100% of original annualised premium for a term of 20 years
• Asset Allocation Option: Devise your investment strategy by choosing from the 7 fund choices given above or opt for Asset Allocation Option (AAO). With this, the funds will be managed as per the allocation pattern under 1 of 3 AAO variants (any one to be chosen by you at the proposal stage):
  1. Cautious
  2. Moderate
  3. Aggressive

Benefits

• This plan is designed to provide you a post-retirement income for life. You can choose your premium and your retirement date. You will receive the accumulated value of your funds, which will be used to provide you pension in your golden years.
• On Maturity (Vesting) your fund value will be augmented by Bumper Addition. Bumper addition is a percentage of your average annualised premium and depends on your policy term chosen at inception.
• On your chosen retirement (Vesting) date, you will get the value of the units in your policy,as per prevailing Government regulations:
  1. You can take up to 1/3rd of the total benefit at Vesting as a tax-free cash lump sum.
  2. The rest must be converted to annuity.
  3. You can buy the annuity from us or any other insurer.
• We have FMC of only 1.25% per annum (of the fund's value)
• If you have not opted for AAO (Asset Allocation Option), you can change your investment fund choices in two ways:
  1. Switching: You can move your accumulated funds from one fund to another anytime.
  2. Premium Redirection: You can pay your future premiums into a different selection of funds, as per your need.
• You can choose to pay your premium either half-yearly or annually. You also have a range of convenient auto premium payment options
• Tax benefits under sections 80C of the Income Tax Act, 1961 subject to the provisions contained therein

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