SUD Life Immediate Annuity Plus - WITHDRAWN PRODUCTS
Withdrawn Products
SUD Life Immediate Annuity Plus
UIN 142N048V02 - SUD Life Immediate Annuity Plus is a Non-Linked, Non-Participating Individual Immediate Annuity plan, which assures a regular stream of income as per the plan option chosen.
01.Benefits
Lifelong income with 2 Plan Options to choose from
Plan Option A - Purchase Immediate Annuity either from your savings or from the policy proceeds of any Deferred Pension Plan (issued by SUD Life)/National Pension Scheme.
Choose from 10 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
02.Key Features
03.Eligibility
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)