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)
  • Plan option C : Maximum 99 Years

Downloads

Product Brochure
Policy Document
Presentation
Product Video

Disclaimers