Immediate Annuity Plan-immediate-annuity-plan

Introduction/Overview BSLI Immediate Annuity Plan is a traditional pension plan where annuity starts immediately following the payment of premium. It thus takes care of income inflows in the retirement stage of the policyholders life Key Features It is an Immediate Annuity Plan with single premium option where the annuity starts immediately after premium payment from the next chosen date There are 5 annuity options: Life Annuity at uniform rate Lifetime Annuity with Return of Purchase Price on death of the annuitant Life Annuity guaranteed for 5/10/15 or 20 years and thereafter payable for life Life Annuity increasing at a simple rate of 3% p.a. Joint Life Last Survivor with annuity paid to the primary annuitant and on his death, till the secondary annuitant is alive