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(premium) for immediate Annuity is to be paid in Iump sum in

single installment only.

- Deferred Annuity

Under deferred Annuity policy, the person pays regular

contributions to the Insurance Company, till the vesting

age/vesting date. He has the option to pay as single premium

also. The fund will accumulate with interest and fund will be

available on the vesting date. The insurance company will take

care of the investment of funds and the policyholder has the

rd
option to encash 1/3 of this corpus fund on the vesting age /
rd
vesting date - tax free. The balance amount of 2/3 of the fund

will be utilized for purchase of Annuity (pension) to the

Annuitant.

 Disability:

o Permanent Total Disablement: The bodily injury that

totally, irrecoverably and absolutely prevents you

from engaging in any kind of occupation.

o Permanent Partial Disability: The bodily injury that

results in total, irrevocable, absolute and continuous

loss of or impairment of a body part or sensory organ

specified under the Table of Benefits.

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