Pension Plan

Key highlights

Enjoy a steady stream of income even after your professional life ends, allowing you to maintain your lifestyle.

Choose from various payout frequencies, such as monthly, quarterly, or annually, based on your financial needs.

Avail tax exemptions on premiums paid and benefits received under the Income Tax Act, helping you save more.

Opt for single, regular, or limited premium payment options to suit your financial planning.

Ensures financial security for your loved ones by providing life insurance along with a pension.

Choose annuity plans that increase with inflation to maintain purchasing power throughout your retirement.

Non-Disclosure of Pre-Existing Conditions

Claims may be rejected if pre-existing illnesses are not disclosed during policy purchase.
Suicide or Self-Inflicted Injuries

No benefits are payable if the insured passes away due to suicide within a specified period after policy commencement.
Involvement in Criminal Activities

Claims arising from any unlawful or criminal acts committed by the insured are not covered.
Participation in Hazardous Activities

Injuries or death resulting from adventurous sports or high-risk activities are generally excluded unless specifically covered.
War and Civil Unrest

Losses due to war, terrorism, or civil disturbances are typically not covered under standard pension plans.
Policy Lapse Due to Non-Payment

If premiums are not paid within the grace period, the policy may lapse, and no benefits will be payable.