Insta Pension Plans
Your family looks to you for support and strength at all times. Whether markets crash, prices rise or unforeseen events run riot with your budgets, you manage to come out of such situations on top. All your life, you strive hard and make sure you earn enough and more to ensure that you and your family get the best of everything. Why should your post-retirement life be any less?
At AEGON Religare Life Insurance we understand this. Hence, we bring you the AEGON Religare Insta Pension Plan. A plan that pays you a continuous income post your retirement for the rest of your life. So that you maintain your current lifestyle even after retirement and live the way you always have – without compromise.
How does the plan work?
Step 1: Decide the amount of premium (lump sum amount) you want to pay to purchase the Annuity Plan.
Step 2: Choose any one of the two available annuity payout options.
Step 3: Choose the annuity payout mode with which you would want to receive your annuity.
Step 4: Choose the most convenient way to receive your annuity amount from any of the two available options.
Purchasing an Annuity
As soon as you purchase an annuity plan, you start getting a regular income in the form of an annuity. The actual amount you receive as annuity will depend upon the Annuity Rates applicable at the time of purchasing the annuity.
Benefits
Lifetime Income
Depending on the annuity payout option that you choose, the AEGON Religare Insta Pension Plan provides you and your spouse an income for life.
Features
Annuity Payout Options
You have the choice to select from any of the following Annuity Payout Option.
Life Annuity
If you choose the Life Annuity option, you will receive your annuity payment for as long as you live.
Joint Life Annuity
Under this option, an annuity is paid to you for your entire life. In case of your unfortunate death, the annuity payment will be continued to be paid to your spouse, till your spouse is alive.
Annuity Payout Mode
You can choose to receive your annuity either on a monthly or on an annual basis.
Options to receive you annuity
You have the option to receive your annuity amount either by cheques or by direct credit to your bank account.
Eligibility
| Premium |
Minimum: Rs. 1,00,000
Maximum: No Limit |
| Premium Pay Term |
Single Premium |
| Entry Age |
Minimum: 50 years
Maximum: 75 years
|
| Entry Age of Spouse |
Minimum: 50 years
Maximum: 75 years
|