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BIRLA SUN LIFE INSURANCE IMMEDIATE INCOME PLAN

  • This plan is specially designed for those who want to live their life to the fullest even at their age of retirement.

    Features:

    • This plan will give you a guaranteed income over your entire life.

    • The minimum age required at the entry level is 50 years and maximum is 90 years.
    • You can purchase the annuity to get a regular income of Rs.1, 000, Rs.3, 000, Rs.6, 000 or Rs.12, 000 for monthly, quarterly, semi-annual and annual mode of annuity payment.
    • There is no maximum limit on the purchase price.

    • You do not require going through any medical examination under this plan.

    Benefits:

    • Flexibility to choose your annuity payout options from monthly, quarterly, semi annual or annual modes.

    • Flexibility to choose the amount of premium you want to pay to purchase the annuity depending on the amount of regular income you wish to receive.
    • In case of your unfortunate death, the nominee of your policy will receive 100% of the annuity purchase price (i.e. single premium).
    • You can enjoy the tax benefits under Section 80CCC of the Income Tax Act, 1961.
    Published on August 10, 2010 · Filed under: Birla Sun Life Insurance;
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