Sentences with phrase «immediate annuity plan»

From the entire vesting amount, the insured can buy immediate annuity plan at prevailing annuity rates.

However, the investment in immediate annuity plans is made in lump sum.

There is no death benefit in case of immediate annuity plans.

It's a traditional immediate annuity plan where annuity payments start immediately after the single premium.

However under immediate annuity plans, you invest a bulk amount one - time and get monthly pension from the next month itself.

Plans like immediate annuity plan may serve your purpose in this case.

There are traditional, unit - linked and immediate annuity plans within various features to provide an entire insurance package deal.

Pension plans also have the feature of a joint life annuity especially in case of immediate annuity plans.

However, they are limited to the purchase of immediate annuity plan from LIC only.

SBI Life Annuity Plus is a traditional immediate annuity plan with various annuity options to cater a hassle free retirement life.

A perfect traditional non-linked, non-participating immediate annuity plan.

Aegon Life Insta Pension Plan is a non-linked, non-participating, single premium immediate annuity plan that gives you immediate pension to take care of your basic needs.

Bajaj Allianz Life Insurance has launched a non-linked immediate annuity plan called Pension Guarantee.

While immediate annuity plan lets you enjoy the annuities immediately after you pay the purchase price, deferred annuity plans make you accumulate your money for a certain period of time before you start receiving the annuities.

Annuity plans can be broadly categorized into immediate annuity plan and deferred annuity plan.

Star Union Dai - ichi Life Immediate Annuity Plan is a traditional immediate annuity plan without bonus geared towards catering for its customers retirement requirements.

Reliance immediate annuity plan: This is a single premium plan which allows you to leave some funds for your dependents.

We at Bajaj Allianz Life Insurance understand this need of maintaining a lifestyle even after retirement and offer a group immediate annuity plan that provides assured regular income (pension) to your member after his / her retirement.

This is a non-linked non-par immediate annuity plan that gives you a guaranteed profit after retirement so that you can live worry - free.

The company had launched two unit linked pension plans and a new immediate annuity plan in December 2012, thus bringing back the focus on retirement solutions.

· Is a non-linked, non-participating immediate annuity plan that ensures guaranteed lifetime income for your needs.

Immediate annuity plan = In immediate annuity plan, if you are above 30 years, you can pay a lump sum amount and then start earning annuity benefits immediately after retirement.

Under immediate annuity plans, on the other hand, you pay a lump sum amount and annuity payments start immediately from the corpus you have invested.

Aviva Annuity Plus is a non-participating, non-linked single premium immediate annuity plan that is designed to provide you the guaranteed lifetime income after your retirement.

The advantage of immediate annuity plan is that you can buy this plan anytime before or after yoir retirement.

Pension Guarantee - a non-linked immediate annuity plan has been launched by Bajaj Allianz Life Insurance.

IndiaFirst Annuity Plan is a non-linked, non-participating, traditional immediate annuity plan.

In case of immediate annuity plans, the single premium paid will be exempted from tax under Section 80CCC which deals with the payment of premium for pension plans.

This immediate annuity plan is a traditional pension plan where annuity starts immediately and thus it allows the policyholder to plan for retirement.

ICICI Pru Immediate Annuity Plan — as the name suggest, it is an immediate annuity plan with the following features:

In such a scenario, a wise decision is to invest in an immediate annuity plan.

Kotak Lifetime Income Plan is an immediate annuity plan.

The policyholder can withdraw 1 / 3rd of the entire corpus free of tax liability and can purchase an immediate annuity plan at prevailing annuity rates from the remaining amount.

Shriram Life Insurance Company offers one plan in the category of retirement plans which is an immediate annuity plan where annuity payouts are payable immediately after paying the single premium.

Utilize the entire amount for purchasing an immediate annuity plan offered by ICICI Prudential at the then prevailing annuity rate

LIC's Jeevan Akshay II falls under the category of immediate annuity plan.

Commute up to one - third of the benefit amount available on the termination of the policy, or to the extent allowed under the Income Tax Act, and utilize the balance amount to purchase an immediate annuity plan offered by ICICI Prudential at the then prevailing annuity rate

Target Group For customers who are looking for a immediate annuity plan that provides guaranteed monthly / annual income for the rest of their life

Withdraw a part of the death benefit amount and invest the remaining amount in an immediate annuity plan offered by ICICI Prudential at the then prevailing annuity rate

The premiums paid for the immediate annuity plans are tax exempted, under Income Tax Act, 1961.

Currently, deferred pension plans are «to incubate,» immediate annuity plans are «without cover.»

Whether you buy deferred annuity plans or immediate annuity plans, the income is secure and guaranteed.

You may take up to 1 / 3rd * of vesting benefit as a lump sum and purchase an immediate annuity from us with the balance amount at the then prevailing annuity rates under any immediate annuity plan available on sale then.

These plans are generally divided into two: immediate annuity plans and deferred annuity covers.

Currently, deferred pension plans are «with cover» and immediate annuity plans are «without cover».

An immediate annuity plan is a kind of annuity plan where the policyholder begins receiving the annuity as soon as the purchase price is paid.

You can opt for an immediate annuity plan from LIC like LIC Jeevan Akshay that will pay you additional income.