The plan will provide return of purchase price and also offer annuity payments payable throughout the lifetime of an annuitant and has been aimed at the retail and corporate segments, a release stated.
Under the Easy Retire Immediate Annuity plan for individuals, the policy holder can convert his corpus to a guaranteed regular income.
Under Group Immediate Annuity-a group annuity plan, the corpus can give a secure, guaranteed and regular income flow. Both the schemes also offer flexibility in payment modes, the release added.
UNI ZC NM SM1510