Welcome-licneel

Re- launched for the period 15th August 2014 to 14th August 2015
Available to citizens aged 60 years and above.
Benefits :
- Pension Payable:
  During the lifetime of the Pensioner, a pension in the form of immediate annuity as per the mode chosen by the Pensioner shall be payable.
- Death Benefit :
  On the death of pensioner, the purchase price shall be refunded to the nominee /legal heirs
Pension would be on immediate annuity basis in monthly, quarterly, half-yearly or annual mode, varying, respectively, between Rs. 500 to 5000 (monthly), Rs. 1500 to 15,000 (quarterly), Rs. 3000 to Rs. 30,000 (half-yearly) and from Rs. 6,000 to Rs. 60,000 (annually), depending on the amount subscribed and the option exercised.
The payout implies an assured return of 9% on monthly payment basis, which amounts to an annualized return of 9.38%.
Loan (up to 75% of subscribed amount) can be availed after 3 years from the Date of Commencement.
On death, the full purchase price will be refunded to nominee.

Eligibility Criteria

Min

Max.

Age

No Limit

Per Month (Pension)

500

5000

Per Quarter (Pension)

1,500

15,000

Per Half Year (Pension)

3,000

30,000

Per Year (Pension)

6,000

60,000