Annuity Plan
by National Life Insurance Company Limited
In simple terms: you pay a fixed amount each year, and at the end of the term you get your cover amount back together with the bonus the insurer adds along the way. Retirement annuity plan providing regular lifetime income in exchange for a single premium payment.
Maturity estimator
Estimated value at maturity
—
Declared bonus
Rs 60–85
per Rs 1,000 sum assured, per year · declared FY 2081/82
Recent years
- FY 2081/82
- Rs 60–85/ 1,000
- FY 2080/81
- Rs 63–85/ 1,000
- FY 2078/79
- Rs 63–85/ 1,000
- FY 2077/78
- Rs 63–85/ 1,000
* Company-wide declared range — the plan's own term bands were not published that year.
Source: National Life Insurance Company Limited declaration for FY 2081/82
Bonus rates are declared annually and are not guaranteed. Past rates do not guarantee future rates.
What's included
Key highlights
- Lifetime pension
- Single premium
- Multiple payout options
Features
- Guaranteed regular income (annuity) for a single premium
- Lifetime pension payout options
- Multiple payout frequency/options available
- Backed by National Life Insurance Company
National Life Insurance Company Limited’s page for this plan
What happens in each case
Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.
If the insured passes away during the term
The nominee receives the sum assured plus the bonus built up to that date, and the policy ends.
Typical for life insurance plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the sum assured plus the bonus built up to that date on the maturity date.
Typical for life insurance plans — confirm the exact terms in the brochure.
Optional riders
No optional riders are attached to this plan.
Questions about this plan
Who can buy Annuity Plan?
The entry age for Annuity Plan is 20 – 60 years.
How long does Annuity Plan run?
The policy term for Annuity Plan is 100 years (pension payable until death).
How much cover can I take on Annuity Plan?
The sum assured available on Annuity Plan is From Rs 10,000.
What bonus rate does Annuity Plan earn?
For FY 2081/82, National Life Insurance Company Limited declared Rs 60–85 / 1,000 of sum assured on Annuity Plan. Bonus rates are set each year and are not guaranteed.
Premium
Quote on request