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Product Information
Group Plans Immediate Annuity
Synopsis:
fjrigjwwe9r3SDPrivInsuProd:Synopsis
Tata AIA Life Insurance Group Immediate Annuity with Return of Purchase Price plan, the ideal solution to convert your employee's corpus to regular income.

Features:

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  • All your employee has to do is pay or authorize transfer of a single premium to Tata AIA Life Insurance Company Limited (This amount is their purchase price)
  • They need to choose annuity payment modes (the frequency at which they want the income) - monthly, quarterly, half-yearly or yearly
  • Tata AIA Life guarantees you a rate per thousand at the time of purchase and this depends on the age as well as the purchase price
  • Employee needs to opt for either receiving post dated cheques or a direct credit into their bank account i.e. PDCs / ECS
Eligibility:
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Minimum Purchase amount

Rs. 50,000

Minimum age of purchase

21 years

Maximum age of purchase

80 years

Policy period

Life time

Premium payment Period

Single