• Lifelong income with three plan options.
• Plan Option A - Purchase immediate annuity either from your savings or from the policy proceeds of any deferred pension plan (issued by SUD Life) & choose from 9 annuity options.
• Plan Option B - Purchase immediate annuity from the proceeds of reverse mortgage loan offered by any approved financial institution as mentioned in the Gazette of India. Choose from 2 Annuity options.
• Plan Option C - Purchase Immediate Annuity from proceeds of National Pension Scheme. Default ‘Annuity option 6 – Joint Life Annuity with 100% Return of Purchase Price’ is available to NPS subscribers. ‘Annuity option 2 – Life Annuity with 100% Return of Purchase Price’ available in case of single life.
• Plan option A: Purchase immediate annuity either from your savings or from the policy proceeds of any deferred pension plan (issued by SUD Life) & choose from 9 annuity options.
• Plan option B: Purchase immediate annuity from the proceeds of reverse mortgage loan offered by any approved financial institution as mentioned in the Gazette of India. Choose from 2 Annuity options.
• Plan Option C: Purchase Immediate Annuity from proceeds of National Pension Scheme. Default ‘Annuity option 6 – Joint Life Annuity with 100% Return of Purchase Price’ is available to NPS subscribers. ‘Annuity option 2 – Life Annuity with 100% Return of Purchase Price’ available in case of single life.

• Minimum Annuity Receivable:
• Yearly Annuity payment for a minimum amount of Rs 12,000
• Half-Yearly Annuity payment for a minimum amount of Rs 6,000
• Quaterly Annuity payment for a minimum amount of Rs 3,000
• Monthly Annuity payment for a minimum amount of Rs 1,000
• Receive Annuity Installment : monthly, quarterly, half yearly, yearly
• Premium Payment Mode: Single

Entry age

• Plan option A: In case of purchase of annuity with policy proceeds from any of SUD Life deferred pension plans, the minimum entry age of annuitant is 0 Years. In case of purchase of annuity with policy proceeds from any other deferred pension plans or from policy holder’s savings (i.e. through Open Market Purchase Option) the minimum entry age of annuitant is 45 Years.
• Plan option B: For policies purchased through Reverse Mortgage Loan: 60 Years age last birthday.
• Plan option C: Minimum 45 Years.

Maturity age

• Plan option A: Maximum age of 99 years
• Plan option B: Maximum age - 99 years (as on last birthday)
• Plan option C: Maximum 99 Years.