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Product Information

Group Plans Immediate Annuity

Synopsis:

Tata AIA Life Insurance Group Immediate Annuity with Return of Purchase Price plan, the ideal solution to convert your employee's corpus to regular income.

Features:

All your employee has to do is pay or authorize transfer of a single premium to Tata AIA Life Insurance Company Limited (This amount is their purchase price)
They need to choose annuity payment modes (the frequency at which they want the income) - monthly, quarterly, half-yearly or yearly
Tata AIA Life guarantees you a rate per thousand at the time of purchase and this depends on the age as well as the purchase price
Employee needs to opt for either receiving post dated cheques or a direct credit into their bank account i.e. PDCs / ECS

Eligibility:

Minimum Purchase amount	Rs. 50,000
Minimum age of purchase	21 years
Maximum age of purchase	80 years
Policy period	Life time
Premium payment Period	Single

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