Pension Plan

Pension Plan
NIA Product Code

NIA/LI002/2071/072/EP/0010

NIA Approved Date

2067-09-19

The plan provides a post retirement monthly income to the assured thereby ensuring that the assured does not have to depend on any other person or make any compromises in his golden years. The assured can choose the premium, the Sum Assured and the retirement date. It is a truly flexible plan. Live your retired life on your own terms.

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Eligibility Conditions and Other Restrictions

  • Minimum Entry Age 20 Years
  • Maximum Entry Age 60 Years
  • Minimum Sum Assured Rs. 10,000/-
  • Maximum Sum Assured Divisible by 10,000/-
  • Maturity Period 10, 15, 20,25,30,35 and 40 Years
  • Maximum Maturity Age 70 Years
  • Age Calculation Age on next birthday
  • Premium Payment Frequency Annually, Half Yearly, Quartly and Monthly
  • Health Checkup Not Required
  • Minimum Age for Annuity Start 40 Years
  • Annuity Selection Time On Maturity. One from 5 options mentioned below
  • Annuity Start Time One month after the Maturity

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