BSLI Immediate Annuity Plan

BSLI Immediate Annuity Plan is a traditional pension plan where annuity starts immediately following the payment of premium. It thus takes care of income inflows in the retirement stage of the policyholder’s life

Get Guaranteed Lifelong Pension
For You And Your Spouse

Invested amount returned to your nominee

Best Pension Options
  • Invest ₹20k monthly & Get yearly pension of ₹4.2 Lacs for Life

  • Guaranteed Return For Life

  • Multiple Annuity Options

We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold
Buy Online and Get ₹ 1.4 Lacs extra#
Get Guaranteed Lifelong Pension
For You And Your Spouse
Invested amount returned to your nominee
+91
Secure
We don’t spam
View Plans
Please wait. We Are Processing..
Your personal information is secure with us
By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

Key Features

  • It is an immediate annuity plan with single premium option where the annuity starts immediately after premium payment from the next chosen date

  • There are 5 annuity options:

    • Life Annuity at uniform rate

    • Lifetime Annuity with Return of Purchase Price on death of the annuitant

    • Life Annuity guaranteed for 5/10/15 or 20 years and thereafter payable for life

    • Life Annuity increasing at a simple rate of 3% p.a.

    • Joint Life Last Survivor with annuity paid to the primary annuitant and on his death, till the secondary annuitant is alive

Benefits

  • Annuity payouts will be paid as per the frequency chosen immediately after the premium paid

  • Income tax benefit on the premium paid as per Section 80CCC of the Income Tax Act.

Product Specification:

Minimum Maximum
Entry Age (Last Birthday) 30 years 90 years
Purchase Price Depends on age and the annuity chosen
Yearly Annuity Payout 12,000 No limit
Annuity payout Frequency Monthly, quarterly, half-yearly, yearly

pension-ki-no-tensionpension-ki-no-tension

Policy Details

Grace Period: Grace period is not applicable.

Policy Termination or Surrender Benefit: the policy cannot be surrendered

Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

People also read: best pension plan in india

Inclusions

  • Loan is not available under the plan

Additional Features or Riders

  • No medical tests are required to purchase the plan

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Documents Required

Policyholder has to fill up an ‘Application form/proposal form’ with accurate medical history along with the address proof and other KYC documents.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

Pension plans articles

Recent Articles
Popular Articles
e-Pension

20 Jun 2024

e-Pension refers to an electronic pension management system
Read more
Tata Pension Plan Calculator

19 Jun 2024

As you approach retirement, it is crucial to have a clear
Read more
Social Security Pension Scheme

19 Jun 2024

The Social Security Pension Scheme in India is a government
Read more
How Can I Get a 3000 Pension?

01 May 2024

Securing a monthly pension of 3000 rupees is a goal that many
Read more
Pension Calculator

13 Feb 2024

Pension calculator helps you calculate the amount you could
Read more
SBI Annuity Deposit Scheme Calculator 2024
SBI Annuity Deposit Scheme Calculator 2024 is an online tool that helps you figure out your fixed annuity
Read more
Top 15 Pension Plans in India
The Pension Plan, also known as a Retirement Plan is the best investment instrument allowing individuals to build
Read more
Sevarth Mahakosh
Sevarth Mahakosh Portal is a one-stop solution for all state government employees' financial transactions and
Read more
NPS Calculator 2024
NPS Pension Calculator is a financial tool that calculates potential returns on the National Pension Scheme, by
Read more
NPS Calculator for Government Employees
National Pension Scheme or National Pension System (NPS) is launched by the Government of India for all its
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL