Depending upon your financial needs, you may choose to buy a plan that pays pension immediately (Immediate Annuity) or after a period of 1-10 years (Deferred Annuity).

Plan options under immediate annuity:

1. Single life with Return of Purchase Price**: You will get a pension for your entire life and, after demise, the nominee will get the purchase price
2. Single life with 50% returns of the Purchase Price at the age of 80: You will get a pension for your entire life with 50% returns of your purchase price once you turn 80 and the remaining 50% will be given to nominees in your absence. In case of an unfortunate event, before the age of 80 years, the nominee will get the purchase price
3. Single life with returns of the Purchase Price at the age of 80: You will get a pension for your entire life with 100% returns of your purchase price, once you turn 80. In case of an unfortunate event, before the age of 80 years, the nominee will get the purchase price
4. Single life with returns of the Purchase Price from the age of 76: You will get a pension for your entire life. In addition to the pension, from the ages of 76 years to 95 years, you will start receiving 5% of the purchase price every year. In case of an unfortunate event before 76 years, the nominee will get the purchase price.
5. Single life with returns of the Purchase Price on Critical Illness (CI) or Permanent Disability due to an accident (PD) or Death: You will get a pension for your entire life

• In case of (CI)/(PD) before the age of 80 years, you will get back the purchase price

• In case of demise, the nominee will get the purchase price.

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   1. Joint life with returns of the Purchase Price: You will get a pension for your entire life, and after demise, your family members will start receiving the same pension amount. The Nominee will get the purchase price in the absence of both the pensioners.

Plan options under Deferred annuity:

1. Deferred Single life with returns of the purchase price:You will get a pension for your entire life post the deferment period of 1 to 10 years as selected by you and, after demise, the nominee will get the purchase price
2. Deferred Joint life with returns of the purchase price: You will get a pension for your entire life post the deferment period of 1 to 10 years as selected by you and after demise, your family member will start receiving the same pension amount. In the absence of both the pensioners, the nominee will get the purchase price.
3. Deferred single life with returns of the purchase price on Critical Illness (CI) or Permanent Disability due to an accident (PD) or Death: You will get a pension for your entire life, post the deferment period of 1 to 10 years as selected by you:

• In case of Critical Illness(CI)/ Permanent disability(PD) due to an accident, during and post the deferment period before the age of 80 years, you will get back the purchase price

• In case of demise, the nominee will get the purchase price.