Benefits-life-immediate-annuity-plan

The policyholder receives tax benefits under section 80(C) of the Income Tax Act. In the unfortunate event of the death of the Life Insured, his or her nominee receives a Death Benefit that is dependent on the annuity chosen by the policyholder. The policy offers four annuity options for its customers: Life Annuity Life Annuity with the return of Purchase Price Life Annuity that increases by 5% every year with the return of Purchase Price, payable on death. Life Annuity that increases by 5%every year without the return of Purchase Price.