Serving over 15 lakh customers in over 200 cities in India.

Call Us (Toll Free) 1800 _419 _8228
X
Loading...
Have a Query ?
Are you an existing customer?

Contact me via

Mandatory Fields Disclaimer XBy sharing your details, you are authorizing an Exide Life Insurance representative to contact you.
Last Visits
X
Retirement Plan Pension Annuity Exide Life Immediate Annuity

5 Reasons to buy this pension plan

1 Lifelong annuity payouts guaranteed for life
2 Flexibility to receive annuity yearly, half yearly, quarterly or monthly
3 On demise, return of full purchase price
4 Pay only once in lump sum
5 No medical examinations required

Key Benefits of Pension Plan

1. Lifelong annuity payments

Invest one lump sum amount and start receiving regular income (annuity) at a chosen frequency for rest of your life.

2. Flexible options to receive annuity

You can choose to receive annuity payments yearly, half yearly, quarterly or monthly as per your financial requirements.

3. On Demise, full Refund of the Purchase Price

On demise of the annuitant the entire Purchase Price will be paid to the nominee or legal heirs.

4. Easy to purchase

No medicals are required. Just pay a lump sum amount and start receiving annuity at chosen frequency.

5. Large volume discount

The annuity rates vary by purchase price band. The purchase price bands are as specified below:
Band Purchase Price
Band 1 Less than ₹100,000
Band 2 ₹100,000 to less than ₹250,000
Band 3 ₹250,000 to less than ₹500,000
Band 4 ₹500,000 to less than ₹2,500,000
Band 5 ₹2,500,000 and above

For example, for a 60-year old annuitant, the applicable annuity rate for purchase price of ₹ 250,000 may be 6.35%. However, a higher annuity rate of 6.54% may apply if the purchase price is, say, ₹500,000. Please note that the annuity rate is subject to change depending on the prevailing economic conditions; however the rates once applied at the time of entry are guaranteed for the rest of his/ her life on the given Purchase Price.

How this plan works?

Mr. Ashok, a 55 year old male invests ₹11 Lacs in Exide Life New Immediate Annuity with Return of Purchase Price and chooses to receive annuity in annual mode. The benefits from the plan are shown below:

Exide Life - Pension Plan
#Purchase price exclusive of service tax.

Benefit Illustration

Sample illustration of the product

Age
(Years)
Single pay lump sum amount Guaranteed Annual Annuity for life long
58 ₹4,00,000 ₹24,384
60 ₹10,00,000 ₹63,140
65 ₹25,00,000 ₹1,65,900

Key Features

Minimum Age at Entry

0 years age last birthday (for Existing Customers)
45 years age last birthday (for Customers other than Existing Customers)
55 years age last birthday for customers (Customers other than Existing
Customers) who were members of a United Kingdom (UK) Registered Pension
Scheme wanting to transfer their pension corpus from UK into this scheme.

Maximum Age at Entry

75 years age last birthday for all

Maturity Age

Not Applicable

Premium Payment Term

Single (One-time Payment)

Minimum Purchase Price

As per the minimum Annuity amount of ₹1,000 per month

Maximum Purchase Price

No Limit

Minimum Annuity Amount (per month)

₹1,000

Annuity Payout Mode

Yearly, Half yearly, Quarterly, Monthly

For more details on risk factors, terms & conditions please read the sales brochure of products carefully before concluding a sale. UIN: 114N081V01. Exide Life Insurance Company Limited (Formerly known as ING Vysya Life Insurance Company Limited). IRDAI Registration number: 114, CIN: U66010KA2000PLC028273. Registered Office: 3rd Floor, JP Techno Park, No. 3/1, Millers Road, Bangalore- 560 001, India. Toll Free: 1800 419 8228; Visit: exidelife.in; URN: EXL/ONLINE/2014/144
Who should buy 
Who should buy?
X

Who should buy?

If you have accumulated funds for your post-retirement period and would like to ensure a regular guaranteed income for rest of your life then you should consider investing in this pension scheme.

Key Features 
Key Features

What is Exide Life New Immediate Annuity with Return of Purchase Price?

A pension plan in which you pay once and you start receiving >>

(UIN:114N081V01)
X

What is Exide Life New Immediate Annuity with Return of Purchase Price?

A pension plan in which you pay once and you start receiving pension at a pre-decided frequency (choice of yearly, half yearly, quarterly, monthly payout options) for life with a guarantee of return of full purchase price in case of death of policy holder.
Key Benefits 
Key Benefits
How pension scheme works 
How this plan works?
pension annuity brochure
5 Reasons
to buy this plan
Loading...
X
Meet an Exide Life Insurance Advisor
Are you an existing customer?

Continue

Mandatory Fields Disclaimer XBy sharing your details, you are authorizing an Exide Life Insurance representative to contact you.
Retirement Plan Pension Annuity Exide Life Immediate Annuity
retirement
Know Your Retirement Number
Bonus Track Record
Our Good Bonus
Track Record
My Life