Birla Sun life Annuity Plans

 IMMEDIATE INCOME PLAN:

 How does the plan work:
-Step 1: Decide the amount of premium (lump sum amount)
you want to pay to purchase the annuity depending on the
amount of regular income you wish to receive. This annuity
payment is guaranteed for life and depends on the annuity
rates prevailing at the time of the purchase of the annuity.
- Step 2 :  Choose the annuity payout options from monthly,
quarterly, semi annual or annual modes.
- Step 3 : Choose how would like to receive the annuity from
either post dated cheques or through direct credit to your
bank account.
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 ELIGIBILITY:
 Minimum age 50 yrs and maximum 90 yrs.
 Purchase of the annuity should be such as 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 respectively. There is no maximum
limit on the purchase price.
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 Features of the BSLI Immediate Income Plan:
 plan gives a guaranteed income over entire life.
 In case of unfortunate death of annuitant, 100% of the
annuity purchase price (i.e. single premium) will be paid to the
nominee
 This plan offers convenient annuity payout options -
monthly, quarterly, semi-annually and annually from date of
purchase.
 No medical tests.
 Eligible for tax benefits under Section 80CCC of the Income
Tax Act, 1961
 BSLI Secure 58 Plan

 Guranteed vesting benefit:

-On the vesting date of your choice, you receive an amount
which is guaranteed right at the beginning, you have to just
ensure that you have paid your premiums regularly.
 Growth in Savings:
-In addition to the Vesting benefit that you will receive on
vesting, this plan also enables you to earn a survival benefit. This
is an amount of money that you may earn at the end of every
policy year from the 3rd year onwards.
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 Freedom To Choose Your Annuity:

-On the vesting date of your policy, you will receive
the guaranteed vesting benefit as well as the
survival benefit.
- You also have the option to encash upto 1/3rd of
the lump sum that you receive on vesting and use
the remaining 2/3rd to purchase a regular stream
of income for your retirement.
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 Benefits:
-Protection to your family: In the unfortunate
event of the death of the policyholder, the
nominee will receive the higher of 75% of the base
premium and all renewal base premiums paid.
- The surrender value (or the Guaranteed Vesting
benefit) at that time plus all accumulated survival
benefits.