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142N081V01 - A Non-Linked Non-Participating Single Premium Individual Immediate Annuity Plan
SUD Life Saral Pension is a non-linked non-participating individual immediate annuity plan with a regular stream of income throughout life to meet the rising financial expenses without compromising your family's dreams.
- No limit on maximum annuity
- In case of death of the annuitant 100% of the Purchase Price will be paid immediately to your nominee/beneficiary
In case of joint life annuity, after death of the annuitant:
- Secondary Annuitant will receive 100% annuity throughout life.
- Secondary Annuitant is pre-deceased the annuitant, then on the death of the annuitant, Purchase Price shall be payable to the nominee /legal heirs.
- Minimum: 40 years
- Maximum: 80 years
- Minimum – 12000 yearly
- Maximum – No Limit
Disclaimer Bank of India is a registered Corporate Agent (IRDAI registration no. CA0035) for Star Union Dai-ichi Life Insurance Company (SUD Life) and does not underwrite the risk or act as an insurer. Participation by the Bank’s customer in the Insurance products is purely on a voluntary basis. The contract of Insurance is between SUD Life and the Insured and not between Bank of India and the Insured. This policy is underwritten by SUD Life Insurance Company. For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale.
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