Pension
A pension scheme that provides a guaranteed, fixed income for life.
Life Income

Life Income is a pension scheme that converts a single premium into a fixed monthly income for people who are already retired and want to supplement their social security pension.

The scheme is suitable for people aged 50-75. The exact amount of the annuity to be paid depends on the premium and the policyholder’s age when purchasing the plan.  

The plan is an ideal solution for people who are already retired and want to supplement their monthly pension.

By paying a single lump premium and converting it into a monthly annuity, the policy holder gets to have a monthly pension for the rest of his life.

The following options apply for receiving the annuity:

  • Life annuity where in case of death of the annuitant the payment ceases automatically.
  • Life annuity with a guaranteed period of 5 or 10 years.
  • Capability of transferring up to 75% of the pension to dependents after death of the annuitant. In case the dependent is minor, then the annuity will be provided up to the age of 21
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