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Annual Income (In Lacs)
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We all have goals and dreams for the golden years of our life. The most prominent goal for us all, is to remain financially independent and as comfortable and secure as we were before retirement. After putting in years of hard work, everyone deserves to fulfil all their desires without having to worry about money. But for the ideal post retirement life in the future, one needs to plan today.
The best way to ensure security post retirement is to get a regular guaranteed income stream as per your needs by buying the Canara HSBC Life Insurance Saral Pension. It is a Single Premium Non-Linked Non-Participating Individual Immediate Annuity Plan.
Option 1 - Life Annuity with Return of 100% of Purchase Price
Annuity is payable throughout the life of the Annuitant
On death of the Annuitant, all future annuity payouts cease immediately, Purchase Price will be paid to nominee and policy will terminate.
Option 2 - Joint Life Last Survivor Annuity with Return of 100% of Purchase Price on death of the Last Survivor
Annuity is payable as long as either of two Annuitants is alive
On the death of one of the Annuitants, the surviving Annuitant will receive 100% of original annuity throughout life.
On subsequent death of the surviving Annuitant, all future annuity payouts shall cease immediately and 100% of the Purchase Price will be paid to nominee and policy will terminate.
There is no maturity date. Hence, no maturity benefit is available in this plan.
To meet any contingent need, you may avail the loan facility in this plan any time after six months from the Date of Commencement of the Policy.
You will receive better annuity rates if you wish to select higher purchase price.
Step 1: Choose any one Annuity Option as per your need
Step 2: Decide the Purchase Price (single premium)
Step 3: Provide entry age and gender of the Annuitant or also of Spouse, in case of joint life
Step 4: Select the frequency of annuity payment
Step 5: Annuity amount along with applicable boosters will be derived basis above parameters
Step 6: Pay the purchase price and start receiving annuity installments
Minimum: Would depend upon chosen annuity option, frequency of annuity payment, entry age and gender of annuitant and spouse, if applicable
Maximum: No limit
Annuity installments shall be made by electronic transfers directly to the bank account of the Annuitant.