Deferred Annuity

Pay lump sum or regular/limited Premium and Annuity pay-out starts after the deferment period, and according to the Annuity payment frequency chosen by you at inception. On death during the Deferment period, an amount equal to Purchase price plus attached Guaranteed Additions, subject to a minimum of 105% of Total Premiums Paid, shall be paid to your nominee.

• Option A: Life Annuity: Annuity will be payable to you throughout life and on death after the Deferment period, no further benefit shall be payable
• Option B: Life Annuity with ROP⁵ on death: Annuity will be payable to you throughout life and on death after the Deferment period, an amount equal to the Purchase price plus attached Guaranteed Additions less annuity instalments paid shall be paid to your nominee, subject to a minimum amount equivalent to the Purchase price
• Option F: Joint Life Last Survivor with 100% of Annuity to spouse with ROP⁵ on death: (Only Single Premium payment term is available in this option) Annuity will be payable to you/your spouse throughout life and on death of any life, the surviving life will receive 100% of the initial Annuity amount throughout his/her life. On death of surviving life after the Deferment period, an amount equal to the Purchase price plus attached Guaranteed Additions less annuity instalments paid shall be paid to your nominee, subject to a minimum amount equivalent to the Purchase price
• Option G: Life Annuity with ROP⁵ on death or survival: (Only Single Premium payment term is available in this option) Annuity will be payable to you throughout life and additionally on the policy anniversary after the 25th policy year or after attaining age 85 (whichever is later), the Purchase Price will be returned to you as Survival benefit⁶. On death after the Deferment period and before receiving the Survival benefit⁶, an amount equal to the Purchase price plus attached Guaranteed Additions less annuity instalments paid shall be paid to your nominee, subject to a minimum amount equivalent to the Purchase price. On death after receiving the Survival benefit⁶, no further benefit shall be payable.
• Option H: Life Annuity with ROP⁵ on death or in instalments on survival: (Only Single Premium payment is available in this option) Annuity will be payable to you throughout life and additionally, starting from the policy anniversary after the 15^th Policy Year or the policy anniversary after attaining Age 70 (whichever is later), Survival benefit⁶ would be payable to you at each policy anniversary in instalments as per the Annuity payment frequency with Annuity continuing subsequently.
  In yearly payment frequency, the Survival benefit⁶ will be in annual instalments equivalent to 5% of the Purchase Price. Under monthly, quarterly and half-yearly, each instalment, respectively, will be (5%/12), (5%/4) and (5%/2) of the Purchase price. Survival benefit⁶ will be payable till the total of all the instalments equals 100% of the Purchase Price.
  
  On death after the Deferment period, an amount equal to the Purchase price plus attached Guaranteed Additions less sum of the Survival benefit⁶ paid (if any) less annuity instalments paid shall be paid to your nominee. This amount shall be subject to a minimum of Purchase price less Survival benefit⁶ paid (if any)